In January 2025 the number of transactions in new projects in Tbilisi increased only by 0.5%. It should be noted that part of the transactions in new projects are registered later by developers.
The figure for old flats features a 29.2% decrease compared to January 2024. It is noteworthy that the declining trend in old projects has persisted for the last two years, although a decline greater than 29.2% has only been recorded since 2012 during the pandemic period.
According to Leo Chikava, Head of Research and Data Services at Colliers Georgia, the number of transactions on the real estate market in January fell by 7.5%.
“Due to the political crisis started in Decembe has made it more difficult for people to make financial commitments. All this has led to a decline in the number of transactions. At this stage, prices are still climbing, the political crisis has not had a quick impact. Although the number of transactions fell in January, currently demand exceeds supply. The number of construction projects on the market has increased significantly, although prices are still rising both for buildings under construction and old ones,” says Leo Chikava.
He also notes that the largest number of apartments are sold in Saburtalo, Didi Digomi and Samgori districts, while Vake and Mtatsminda lead in terms of high prices.
