TBC Capital published a report on Tbilisi Residential Market. According to the document, in September 2024, the number of transactions on Tbilisi residential real estate market amounted to 3,430, marking a 14% increase compared to September 2023 and a 9% increase relative to the previous month.
As of the document, this is mostly due to low base effect. In the first 9 months of 2024, the cumulative number of sold properties is just 1% below relative to the same period of 2023.
"In September 2024, Didi Dighomi remained as the district with the highest number of sold residential properties in Tbilisi and took a 26% share in total transactions. It was followed by Saburtalo with a 15% share. In terms of new apartment sales Didube, Didi Dighomi, Krtsanisi, Samgori and Chugureti
posted positive annual growths. Didi Dighomi had the highest number of new apartments sold. As for the number of old apartment sales, Didi Dighomi was the leading district, followed by Saburtalo", - the document reads.
In September 2024, the average price per SQM in Mtatsminda and Vake were just below $2,000. There was a notable increase for new apartment prices in Isani, Krtsanisi and Gldani. As for the price of old apartments, Didi Dighomi and Krtsanisi posted the highest annual growths",- the document reads.
