In June 2023, in Tbilisi the number of transactions of residential flats amounted to 3,846 units, reflecting only 1% YoY growth. Market size also increased by 1% standing at USD 210 millions.
In June 2023 the number of transactions in new projects increased by 9%. The figure for old flats features a 13% decrease compared to June 2022.
In June 2023 the number of transactions of newly-built premium flats in Tbilisi has increased by 58%, while a 11% growth was observed in the medium segment. As for the economy segment, the figure has increased only by 2% recording 1,626 units.
As of June 2023, the weighted average price of newly-built flats in Tbilisi has increased by 6% in the suburbs, by 1% in the wide centre, a 9% growth is recorded in the city centre.
As of June 2023 in Tbilisi the weighted average price of old flats has increased by 4% in the suburbs, while in the wide centre and the city centre 7% growth is observed.
