Development company Metropol reported strong performance in the first quarter of 2026, with sales significantly exceeding expectations. According to Deputy CEO Mamuka Imedashvili, total apartment sales surpassed $24 million, reaching nearly 200% of the company’s initial plan.
Compared to the same period last year, when sales stood at around $8 million, the company has effectively tripled its results. Imedashvili described the first quarter as outperforming all forecasts, highlighting a sharp increase in both sales volume and value.
He attributed this growth to two key factors: the opening of new sales channels and a notable rise in interest from European buyers. Additionally, as projects approach completion, demand for larger apartments tends to increase. For example, in the Kavtaradze project, 25 large apartments were sold in Q1 2026, compared to just five during the same period last year.
The structure of buyers has also shifted, with European customers—mainly from Germany and Switzerland—making up a growing share of sales. Demand from Georgian emigrants living in the United States remains strong, while interest from Dubai has also increased in recent months.
