Tbilisi home sales exceeded the pre-pandemic levels

Tbilisi home sales exceeded the pre-pandemic levels

access_time2021-09-22 10:36:34

2,902 transactions were recorded on the Tbilisi real estate market in August 2021 that is  7% more than in the same period of 2019 – a report by Colliers Georgia says.

 

According to the research, the market grew by 12% and amounted to $ 132 million. At the same time the number  of transactions increased by 24% compared with July  and  amounted to 37%.

 

In August 2021, 1,862 transactions were registered in the primary market that  is 7% more than in the same period of  2019, a volume of transactions on the secondary market grew by 8%.

 


 The  primary real estate market grew by 15% compared to the same period of 2019, a volume of transactions  on the secondary real estate market amounted to $ 41 million that is 8% more than in the same period of 2019.

 

 According to the report,  sales in the economy segment of the real estate market increased by 3% compared to August 2019, in the medium segment – by 22%.

 

In  8 months of 2021, the medium segment has  recovered by 77% in comparison with the same period of 2019.

 

Sales in the premium segment grew by 3% in August 2021 compared to August 2019.


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