In October 2024 the number of transactions in new projects in Tbilisi increased by 23%. While the figure for old flats features a 8% decrease compared to October 2023.
In October 2024, in Tbilisi the number of transactions of residential flats amounted to 3,865 units, reflecting 14% YoY increase. Market size increased by 22% standing at USD 274 millions.
As of October 2024 the weighted average price of newly-built flats in Tbilisi has increased by 11% in the suburbs and by 1% in the city centre. As for the wide centre, the figure decreased by 1% to USD 1,073 per sq. m.
In Q3 2024 the weighted average price of old flats in Tbilisi has increased by 12% in the city centre, 9% in the suburbs and 8% in the wide centre.
In Q3 2024, in Tbilisi the number of transactions of residential flats amounted to 10,377 units, reflecting 3% YoY increase. Market size increased by 14% standing at USD 718 millions.
