In 9M24, 14,883 apartments were sold on a secondary market in Tbilisi, down 5.9% y/y, reflecting a slow summer period for the market, - according to the report by Galt&Taggart.
In Sep-24, the number of sold apartments on the secondary market in Tbilisi stood at 1,803 units, up by 4.3% y/y and 13.8% m/m, reflecting a gradual recovery of demand. Cumulatively, in 9M24, 14,883 apartments were sold on a secondary market in Tbilisi, down 5.9% y/y, reflecting a slow summer period for the market.
In September, the most, 759 apartments were sold in Didi Dighomi, where the average price per square meter amounts to USD 1,009.
The least, 67 apartments were sold in Vashlijvari, where the average price per m² is USD 950.
In Sep-24, the total market value of apartments sold in Tbilisi stood at USD 274.6mn, up by 16.5% y/y and 12.1% m/m, due to increase in apartment sales. Cumulatively in 9M24, Tbilisi's real estate market size was up by 2.7% y/y to USD 2,228mn.
