Residential property prices in Tbilisi rose by 5.9% year-on-year and 1.5% quarter-on-quarter in Q3 2026, according to Geostat. Compared with the 2020 average, prices increased by 66.2%, outpacing the 39.6% rise in consumer prices.
Private house prices climbed by 7% annually, while apartment prices rose by 5.6%. Compared with 2020, private houses became more than 72% more expensive, while apartment prices increased by 63.1%.
Among newly built, completed apartments, Mtatsminda was the most expensive district at GEL 7,004 per square meter, followed by Vake at GEL 6,046. For private houses, Vake ranked first at GEL 4,517 per square meter.
By apartment finish, median prices reached GEL 4,493 per square meter for green-frame properties and GEL 3,752 for white-frame properties. Black-frame apartments fell to GEL 3,287 per square meter. The RPPI covers Tbilisi’s new residential property market and is based on advertised prices collected from websites.
