As of the first half of 2025 the weighted average price of newly-built flats in Tbilisi has increased by 20.6% in the wide centre. Meanwhile 10.5% and 7.4% growth was witnessed in the suburbs and city centre, respectively. The most significant price change was observed in the wide centre, which was driven by the fact that in H1 2024, transactions from two large projects spanning 3-4 years were registered all at once. This caused a decrease in the weighted average price at that time. Without these projects, prices in the wide centre increased by 8.8%.
Residential
07.2025
As of June 2025, the number of transactions of residential flats in Batumi has increased by 25.1% to 1,357 units. The market size has increased by 41.5% standing at USD 76 millions. It should be noted that the increase in transaction volume is largely attributed to a significant 19% decline in transactions in June of the previous year.
Residential
07.2025
In June 2025, the number of transactions of newly-built flats in Batumi has increased by 26.7% year over year, while older flats saw an 11.4% increase—in contrast to the downward trend observed in previous months. This upward trend can also be attributed to the notable drop in transactions recorded in June of last year.
Residential
07.2025
In June 2025, the number of transactions in new projects in Tbilisi increased by 8.8%, driven by growth in the secondary market. In contrast to previous months, transactions in older projects also experienced an upward trend, with a notable 16.6% increase compared to June 2024. This upward trend can also be attributed to the notable drop in transactions recorded in June of last year.
Residential
07.2025
In June 2025, in Tbilisi the number of transactions of residential flats amounted to 3,363 units, reflecting 11% YoY increase. Market size increased by 21.5% standing at USD 253 millions. It should be noted that the increase in transaction volume is largely attributed to a significant 21% decline in transactions in June of the previous year.
Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.
Residential
07.2025
In the first half of 2025, in Tbilisi the number of transactions of residential flats amounted to 19,205 units, reflecting 0.6% YoY decrease. Market size increased by 11% standing at USD 1.4 billion.
Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.
Residential
07.2025
As of the first half of 2025, the number of transactions of residential flats in Batumi has increased by 4.8% to 7,129 units, compared to the first half of the previous year. The market size has increased by 16.1% standing at USD 397 millions.
Residential
07.2025
In the first half of 2025 the weighted average price of newly-built flats in Batumi increased by 16.1% equaling USD 1,184 per sq m, while the figure for old flats recorded a 20% increase to USD 1,169 per sq m.
Residential
07.2025
As of the first half of 2025 in Tbilisi the weighted average price of old flats has increased by 7.8% in the city centre. While 9.8% growth was witnessed in the wide centre and suburbs.
Residential
07.2025
In the first half 2025 the number of transactions in new projects increased by 4.8%. While the figure for old flats features a 14.8% decrease compared to H1 2024.
Residential
07.2025
In June 2025 the weighted average price of newly-built flats in Batumi increased by 11.8% equaling USD 1,185 per sq m. The weighted average price increased in both primary (9.4%) and secondary (10.3%) markets. It should be noted that some primary transactions are registered late, resulting in a price growth trend that does not reflect reality.
Residential
07.2025
As of June 2025 in Tbilisi the weighted average price of old flats has increased by 10.6% in the suburbs compared to June 2024, in the city centre 9.8% growth was witnessed, while in the wide centre the weighted average price increased by 6.1%.