In the third quarter of 2024 the Residential Property Price Index (RPPI) in Georgia decreased by 0.9% compared to the previous quarter, while the annual increase amounted to 8%, - according to the preliminary data from the National Statistics Office of Georgia (Geostat).
As of the document, compared to the 2020 average, the index change amounted to 46.7%. The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.
In the third quarter of 2024 a price decrease compared to the previous quarter was registered both in flats (-1.1%) and detached houses (-0.2 %) segments.
Compared to the third quarter of 2023, the prices increased in both segments, for flats by 7.5% and for detached houses by 9.7%.
