In Tbilisi, the most expensive price of 1 m² for flats and detached houses is in Mtatsminda, the cheapest- in Samgori and Gldani

In the second quarter of 2024 the Residential Property Price Index (RPPI) in Georgia increased by 4.8 percent compared to the previous quarter, while the annual increase amounted to 14.9 percent.

Compared to the 2020 average, the index change amounted to 48.1 percent. The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.

In the second quarter of 2024 a price increase compared to the previous quarter was registered both in flats (4.8 percent) and detached houses (4.6 percent) segments. Compared to the second quarter of 2023, the prices increased in both segments, for flats by 14.4 percent and for detached houses by 16.8 percent.

The median prices of 1m2 in the newly-built residential properties in the second quarter of 2024 in Tbilisi, by districts are as follows:

PRICE OF 1M2 FOR FLATS

Mtatsminda - 5,737 GEL;

Vake - 5,247 GEL;

Saburtalo - 4 037 GEL;

Krtsanisi - 3 635 GEL;

Chugureti – 3,960 GEL;

Didube – 3 648 GEL;

Nadzaladevi - 3 581 GEL;

Isani - 3 449 GEL;

Gldani - 3 425 GEL;

Samgori – 3 232 GEL.

PRICE OF 1M2 FOR DETACHED HOUSES,

Mtatsminda – 4,423 GEL;

Vake - 3 375 GEL;

Saburtalo - 3 118 GEL;

Didube – 3 583 GEL;

Chugureti – 2,797 GEL;

Krtsanisi - 3 045 GEL;

Isani - 2 737 GEL;

Nadzaladevi - 2 442 GEL;

Samgori – 2 374 GEL;

Gldani - 2,290 GEL.