In the fourth quarter of 2021 the Residential Property Price Index (RPPI) in Georgia increased by 2.1% compared to the previous quarter, while the annual increase amounted to 1.2%. Compared to the 2020 average, the index change amounted to 8.5%, - show the data from the National Statistics Office of Georgia (Geostat).
The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.
According to the report, in 4Q21, a price increase compared to the previous quarter was registered both in flats (2.3 percent) and detached houses (1.6 percent) segments.
Compared to the fourth quarter of 2020, the prices also increased in both segments, for detached houses
by 1.6 percent and for flats by 1.0 percent.
The median prices of 1 qsuare m in the newly-built residential properties in 4Q21 in Tbilisi, by districts:
1. Mtatsmind - GEL 3 930
2. Vake - GEL 3 540
3. Saburtalo - GEL 3 160
4. Chugureti - GEL 3 045
5. Krtsanisi - GEL 2 990
6. Didube - GEL 2 850
7. Nadzaladevi - GEL 2 720
8. Isani - GEL 2 540
9. Gldani - GEL 2 500
10. Samgori - GEL 2370
