In November 2024, in Tbilisi the number of transactions of residential flats amounted to 3,739 units, reflecting 11% YoY increase. Market size increased by 20% standing at USD 264 millions, - according to the updated report on residential real estate by Colliers Georgia.
In November 2024 the number of transactions in new projects in Tbilisi increased by 17%. While the figure for old flats features a 7% decrease compared to November 2023.
As of November 2024 in Tbilisi the weighted average price of old flats has increased by 5% in the suburbs, in the city centre and wide centre 17% and 18% increase was witnessed.
As of November 2024 the weighted average price of newly-built flats in Tbilisi has increased by 10% in the suburbs, in the city centre and wide centre 6% and 5% increase was witnessed.
