As of July 2025 in Tbilisi the weighted average price of old flats has increased by 11% in the suburbs compared to July 2024, in the city centre 7.9% growth was witnessed, while in the wide centre the weighted average price increased by 4.6%.
In July 2025, in Tbilisi the number of transactions of residential flats amounted to 3,713 units, reflecting 4% YoY increase. Market size increased by 22% standing at USD 293 millions. Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.
As of July 2025 the weighted average price of newly-built flats in Tbilisi has increased by 23.8% in the wide centre compared to July 2024, 14.7% growth was observed in the suburbs, while in the city centre 13.3% increase was witnessed. The most significant price change was observed in the wide centre, which was driven by the fact that in July 2024, transactions from two large projects spanning 3-4 years were registered all at once. This caused a decrease in the weighted average price at that time. Without these projects, prices in the wide centre increased by 5.9%.
In July 2025, the number of transactions in new projects in Tbilisi increased by only 1.5% compared to July of the previous year. The number of transactions on the primary market of newly built flats decreased by 11.8%, while the secondary market recorded a 24.1% increase. In contrast, the growth rate in older projects is relatively higher — 11.7%.
