Sales down in all districts with Gldani displaying the most resilience, followed by Samgori and Nadzaladevi – says the monthly watch on Georgia’s Residential Martket provided by TBC Capital.
According to the report, Sales are down in all districts as of 10M 2020, with the sharpest declines of sold units observed in Chughureti (-41% YoY), Saburtalo (-37% YoY), Mtatsminda (-37% YoY) and Krtsanisi (-37% YoY). As the tendency shows, Gldani, Samgori and Nadzaladevi were relatively resilient. In these districts, number of transactions decreased by 6% YoY, 20% YoY and 20% YoY, respectively.
“In absolute, Saburtalo and Didi Dighomi still lead the sales – TBC Capital reports - Together, the two districts account for 34% of total residential space sold in Tbilisi as of 10M 2020 • Chughureti, Mtatsminda and Krtsanisi are the least active districts, with 32 thousand, 38 thousand and 41 thousand Sqm residential area sold in 2020 10M, respectively”.
