In Aug-25, sales declined across both the primary and secondary markets, following July’s record highs, as August is typically a seasonally slow month. On the supply side, the living area of issued permits kept rising in August. Meanwhile, average prices continued to increase across both markets- Galt&Taggart weekly review reads.
In Aug-25, total number of sold apartments in Tbilisi, according to the Public Registry data, stood at 2,858 units, of which:
• Sales on the secondary market declined slightly by 0.3% y/y (down 0.3% y/y in 8M25).
• Sales on the primary market, where data are impacted by delayed registrations, decreased by 17.8% y/y (up 1.8% y/y in 8M25). Our real-time survey of developers, which captures current trends on the primary market, showed 12.2% y/y decrease in Aug-25, mostly due to last year’s high base. Cumulatively, primary market sales were up 0.5% y/y in 8M25 according to this survey. In total, 25,636 transactions were registered in Tbilisi in 8M25, bringing the residential market value to US$ 2.0bn (+5.2% y/y).
In Aug-25, price for renting an average apartment (50-60 sq.m.) in Tbilisi increased by 0.7% m/m to US$ 9.6 per sq.m., still down 3.4% y/y.
