In April 2023, in Tbilisi the number of transactions of residential flats amounted to 2,537 units, reflecting a 27% YoY decrease. Market size declined by 22% standing at USD 141 millions.

In April 2023 the number of transactions in new projects decreased by 31%. The figure for old flats features an 18% decrease compared to April 2022.

In April 2023 the number of transactions of newly-built economy flats in Tbilisi decreased by 42% compared to the same period in 2022, while a 9% and 2% decline was observed in the medium and premium segments.

As of April 2023, the weighted average price of newly-built flats in Tbilisi has increased by 10% in the suburbs and wide centre, while only 1% growth was recorded in the city centre.

As of April 2023 in Tbilisi the weighted average price of old flats has increased by 5% and 2% in the suburbs and wide centre, while a 1% decline was observed in the city centre.

As of April 2023, the number of transactions of residential flats in Batumi has decreased by 20% to 1,133 units. The market size has declined by 15% standing at USD 50 millions.

In April 2023, in Batumi the number of transactions of newly-built flats has declined by 18% year over year, while a 32% YoY decrease has been observed in the case of old flats.

In April 2023, in Batumi the number of transactions of premium newly-built flats increased by 42% YoY. The figure for the economy and medium segments decreased by 28% and 27% compared to April 2022.

In April 2023, the weighted average price of newly-built flats in Batumi increased by 19% equaling USD 908 per sq m, while the figure for old flats recorded only 1% increase up to USD 690 per sq m.

In March 2023, in Tbilisi the number of transactions of residential flats amounted to 3,368 units, reflecting 12% YoY reduction. Market size decreased by 4% standing at USD 186 millions.

In March 2023 the number of transactions in new projects decreased by 14%. The figure for old flats features a 9% decrease compared to March 2022.

In March 2023 the number of transactions of newly-built premium flats in Tbilisi has increased by 26%, while a 15% growth was observed in the medium segment. As for the economy segment, the figure has decreased by 29% recording 1,258 units.