In January 2025 the number of transactions in new projects in Tbilisi increased only by 0.5%. It should be noted that part of the transactions in new projects are registered later by developers. The figure for old flats features a 29.2% decrease compared to January 2024.. It is noteworthy that the declining trend in old projects has persisted for the last two years, although a decline greater than 29.2% has only been recorded since 2012 during the pandemic period.

As of January 2025, the number of transactions of residential flats in Batumi has increased by 3.2% to 1,049 units. The market size has increased by 17.4% standing at USD 57 millions.

As of January 2025 the weighted average price of newly-built flats in Tbilisi has increased by 24.8% in the wide centre compared to January 2024, 8.8% growth was observed in the suburbs, while in the city centre 5.8% increase was witnessed. The most significant price change was observed in the wide centre, which was driven by the fact that in January 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 7.1%.

As of January 2025 in Tbilisi the weighted average price of old flats has increased by 12.5% in the wide centre compared to January 2024, in the suburbs and city centre 10.4% and 7.2% increase was witnessed.

In January 2025, the number of transactions of newly-built flats in Batumi has increased by 3% year over year, while a 5.7% YoY increase rate has been observed in the case of old flats.

In January 2025, in Tbilisi the number of transactions of residential flats amounted to 2,892 units, reflecting 7.5% YoY decrease. Market size increased by 2.9% standing at USD 208 millions.

In January 2025 the weighted average price of newly-built flats in Batumi increased by 8% equaling USD 1,130 per sq m, while the figure for old flats recorded a 16.2% increase to USD 1,100 per sq m.

In 2024 the number of transactions in new projects increased by 8.5%. The figure for old flats features a 13% decrease compared to 2023.

As of December 2024 the weighted average price of newly-built flats in Tbilisi has increased by 13% in the Wide centre, 10% growth was observed in the suburbs, while in the city centre 1% increase was witnessed.

In 2024, in Batumi the number of transactions of residential flats amounted to 15,034 units, reflecting 2% YoY decrease. Market size also increased by 6% standing at USD 778 millions.

In 2024, the weighted average price of old flats in Tbilisi increased by 13% YoY in the suburbs and the wide centre, 15% increase was observed in the wide and city centre.

In 2024, in Tbilisi the number of transactions of residential flats amounted to 41,284 units, reflecting an 2% YoY growth. The market size increased by 12% standing at USD 2.8 billions.