In the fourth quarter of 2021 the Residential Property Price Index (RPPI) in Georgia increased by 2.1 percent compared to the previous quarter, while the annual increase amounted to 1.2 percent.
Compared to the 2020 average, the index change amounted to 8.5 percent.
The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.
In the IV quarter of 2021 a price increase compared to the previous quarter was registered both in flats (2.3 percent) and detached houses (1.6 percent) segments.
Compared to the fourth quarter of 2020, the prices also increased in both segments, for detached houses by 1.6 percent and for flats by 1.0 percent.