In 1Q24, the number of apartments sold in Gudauri reached 95 units, up 3.3% y/y. Majority of the transactions (71.6% of total) were recorded on the primary market, - according to the real-estate report published by Galt&Taggart.
Total of 6 residential completed projects are available for sale on the primary market in Gudauri. In 1Q24, small-sized apartment (26-50 m2) sales accounted for 92.0% of total sales (+4.0 ppts y/y).
Moreover, 61.9% of sales were recorded in the midscale segment ($1,001 – 1,500). In 1Q24, the weighted average price of apartments in Gudauri was down slightly by 1.7% y/y, reaching USD 1,420/m2.
Total market size of apartments sold in Gudauri stood at USD 4.2mn, down by 11.0% y/y, mostly due to reduced prices.
