In the first quarter of 2024 the Residential Property Price Index (RPPI) in Georgia increased by 1.1 percent compared to the previous quarter, while the annual increase amounted to 13.0 percent. Compared to the 2020 average, the index change amounted to 41.3 percent. The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.
In the first quarter of 2024 a price increase compared to the previous quarter was registered both in flats (1.2 percent) and detached houses (0.7 percent) segments. Compared to the first quarter of 2023, the prices increased in both segments, for flats by 12.9 percent and for detached houses by 13.3 percent.
