In the fourth quarter of 2024, the Residential Property Price Index (RPPI) in Georgia increased by 5.2% compared to the previous quarter, while the annual increase amounted to 10.4%, - according to the National Statistics Office of Georgia (Geostat).
As of the document, the index change amounted to 54.3% compared to the 2020 average. The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.
In the fourth quarter of 2024, a price increase compared to the previous quarter was registered both in flats (4.7 %) and detached houses (6.7 %) segments.
Compared to the fourth quarter of 2023, the prices increased in both segments, for flats by 9.8% and for detached houses by 12.3%.
The following graph represents the median prices of 1m2 in the newly-built residential properties in the fourth quarter of 2024 in Tbilisi, by districts:
