According to Colliers’ Recov portal, Tbilisi recorded 3,913 residential property transactions in March 2026, marking a 30.9% increase compared to the same month last year. The total value of sold apartments and houses also saw a sharp rise, increasing by 36.3% year-over-year to reach $321 million.
Prices for newly built apartments continued to trend upward across most of the capital. In March, average weighted prices increased by 10.9% in the suburbs and by 7.4% in the wider center. The city center, however, recorded a slight 0.4% decline, driven by a higher share of transactions in lower-priced central neighborhoods. Overall, the average price of primary market transactions rose by 4.2%, while secondary market prices increased by 3.9%.
Mortgage lending also experienced strong growth. The National Bank of Georgia reports that 2,628 mortgage loans were issued in Tbilisi in March 2026, totaling 351 million GEL. This reflects a 30.6% increase in the number of mortgages issued and a 36.6% rise in total loan value.
The data highlights robust demand in Tbilisi’s real estate market, with rising sales, expanding credit activity, and continued price growth across most districts of the city.
