Ilia Inashvili, Managing Partner of brokeri.ge deeply belieavs that if stability is maintained in the country, the residential land plot prices will definitely continue to rise in Tbilisi and its surrounding.
According to some real-estate agents, in a number of areas in the Tbilisi suburbs, the cost of 1 square meter of land has almost doubled. The reason is a small land fund and growing demand, which is lagging behind supply. The number of investment lands is also decreasing, which also leads to an increase in prices for plots of this category. In addition, the current events in the country have been reflected not only in the real estate market, but also in the land plot market, citizens are mostly refraining from investing money in land assets due to the uncertainty created in the country.
As the managing partner of brokeri.ge says price fluctuations depend on many factors. Among them, if the political crisis deepens or if this process stops, this will affect the price of land plots.
"If we maintain at least a stable situation in the country, then in 2025 and 2026 we expect a sharp increase in land plot prices. But not everywhere. The price growth rate is likely to be maintained in Tbilisi and its surroundings. The overall weighted year-on-year growth rate for residential land plots in Tbilisi and its environs shows a 25% increase. We had areas where demand was very high. For example, in the vicinity of Tskneti. Prices from Bagebi to Tskneti have also increased significantly. An increasing rate was also observed in the area adjacent to the Tbilisi Sea.
If we talk about commercial land plots, the growth in demand for investment land plots has not stopped. Accordingly, this was also reflected in prices. That is why land plots for housing in Tbilisi are practically no longer available to developers and are difficult to find," said Ilia Inashvili.
