Compared to the 2020 average, the index change amounted to 28.8%.
The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.
In the second quarter of 2023 a price increase, compared to the previous quarter, was registered both in flats (3.4 percent) and detached houses (1.6 percent) segments.
Compared to the second quarter of 2022, the prices increased in both segments, for flats by 10.6% and for detached houses by 16.2%.
The following graph represents the median prices of 1m2 in the newly-built residential properties in the second quarter of 2023 in Tbilisi, by districts*.
