In September 2022, in Tbilisi the number of transactions of residential flats amounted to 3,831 units, reflecting 27% YoY growth. Market size increased by 42% standing at USD 196 mln, - according to the Colliers Tbilisi.
In September 2022 the number of transactions in new projects increased by 29%, mainly driven by a doubled demand in medium and premium segments. The figure for old flats features a 22% growth compared to September 2021.
In September 2022 the number of transactions of newly-built medium flats in Tbilisi has almost doubled, while a 167% growth was observed in the premium segment. As for the economy segment, the figure has increased by only 5%.
The weighted average price of newly-built flats has increased by 16% in the centre of Tbilisi, while the figure grew by 15% in the inner city. As for the suburbs, 11% growth is recorded. Regarding old flats, the weighted average price has increased by 10% in the suburbs, while in the city centre and inner city 9% growth is observed.
