In the first half of 2024, in Tbilisi the number of transactions of residential flats amounted to 19,477 units, reflecting a 3% YoY decrease. Market size increased by 5% standing at USD 1.3 billion, - according to the document published by Colliers Georgia on Recov.ge.
As of the first half of 2024 in Tbilisi, the weighted average price of old flats has increased by 12% in the suburbs. While 11% and 10% growth was witnessed in the wide centre and city centre, respectively.
In the first half 2024 the number of transactions in new projects increased by 3%. While the figure for old flats features a 15% decrease compared to H1 2023.
In June 2024, in Tbilisi the number of transactions of residential flats amounted to 3,049 units, reflecting 21% YoY decrease. Market size decreased by 13% standing at USD 212 millions.
As of the first half of 2024 in Tbilisi, the weighted average price of old flats has increased by 12% in the suburbs. While 11% and 10% growth was witnessed in the wide centre and city centre, respectively.
