In July 2023, a total of 3,336 transactions were made in Tbilisi, which is 2% lower than in the same period of 2022, reads the Monthly Watch of TBC Capital on Tbilisi Residential Market for July 2023.
The average sale price remained basically unchanged compared to the previous month, amounting 1,164 $/SQM. While annual growth amounted to 22%.
The rent price stood at 13.1 $/SQM, posting a 5% and 48% increase in monthly and annual terms, respectively.
Since, there was a minor decrease in transactions in monthly terms, the market size posted a 9% decline relative to June, standing at $255 million. However, in annual terms, a 18% increase was recorded.
