Galt&Taggart reports, that in Sep-23, the number of apartments sold in Tbilisi stood at 3,314 units, down by 21.5% y/y. This drop is mostly explained by last year’s high base, as the highest number of the year's transactions took place in Sep-22. On a monthly basis, sales were down by 6.7%.
In Sep-23, sales decreased in nearly all districts of Tbilisi, with the exceptions being Didi Dighomi (+6.9% y/y) and Chugureti (+16.1% y/y).
Importantly, decrease of sales in central districts (-32.4% y/y) was the most profound, while reductions in wide center and suburban districts were relatively smaller, -20.4 y/y and -7.6% y/y, respectively.
Apartment Sales by Districts:
Didi Dighom - 654 apartments (annual growth 7%)
Saburtalo district - 544 apartments (25% annual decrease)
Samgori district - 487 apartments (20% annual decrease)
Gldani district - 429 apartments (annual decrease of 11%)
Isni district - 281 apartments (17% annual decrease).
