In August 2024, the number of transactions of newly-built flats in Batumi has increased by 10% year over year, while a 7% YoY decrease rate has been observed in the case of old flats.
As of August 2024, the number of transactions of residential flats in Batumi has increased by 9% to 1,169 units. The market size has increased by 16% standing at USD 62 millions.
In August 2024, in Tbilisi the number of transactions of residential flats amounted to 3,230 units, reflecting 5% YoY decrease. Market size increased by 7% standing at USD 230 millions.
In August 2024 the number of transactions in new projects in Tbilisi increased by 0.4%. While the figure for old flats features a 17% decrease compared to August 2023.
As of August 2024 in Tbilisi the weighted average price of old flats has increased by 10% in the suburbs and by 9% in the city centre, while in the wide centre 2% decline was witnessed.
