In August 2023, in Tbilisi the number of transactions of residential flats amounted to 3,420 units, reflecting 10% YoY decrease. Market size also decreased by 8% standing at USD 187 millions.

In August 2023 the number of transactions in new projects decreased by 6%. The figure for old flats features a 18% decrease compared to August 2022.

In August 2023 the number of transactions of newly built economy flats in Tbilisi decreased by 9%, while 1% decline was observed in the medium segment. As for the premium segment, the figure stayed the same.

As of August 2023, the weighted average price of newly-built flats in Tbilisi has increased by 8% in the suburbs, while 3% decrease was observed in the wide and city centre.

As of August 2023 in Tbilisi the weighted average price of old flats has slightly increased in all types of districts.

As of August 2023, the number of transactions of residential flats in Batumi has decreased by 11% to 1,422 units. The market size has decreased by 17% standing at USD 56 millions.

In August 2023, the number of transactions of newly-built flats has declined by 8% year over year, while a 41% YoY decrease has been observed in the case of old flats.

In August 2023, the number of transactions decreased by 29% in the case of medium newly-built flats. The figure for the premium and economy segments experienced a slight decrease.

In August 2023, the weighted average price of newly-built flats in Batumi increased by 20% equaling USD 984 per sq m, while the figure for old flats recorded a 3% increase up to USD 728 per sq m.

| In July 2023, in Tbilisi the number of transactions of residential flats amounted to 3,540 units, reflecting 7% YoY decrease. Market size also decreased by 7% standing at USD 189 millions.

In July 2023 the number of transactions in new projects increased by 3%. The figure for old flats features a 27% decrease compared to July 2022.

In July 2023 the number of transactions of newly-built medium flats in Tbilisi has increased by 10%, while a 2% growth was observed in the economy segment. As for the premium segment, the figure has decreased by 7% recording 191 units.