In August 2022, in Tbilisi the number of transactions of residential flats amounted to 3,689 units, reflecting 26% YoY growth. Market size increased by 44% standing at USD 190 mln.

In August 2022 the number of transactions in new projects increased by 35%, mainly driven by a significant increase in medium and premium segments. The figure for old flats features a 10% growth compared to August 2021.

In August 2022 the number of transactions of newly-built medium flats in Tbilisi has more than doubled, while a 153% increase was recorded in the premium segment. As for the economy segment, the figure has increased by 11%.

The weighted average price of newly-built flats has increased by 13% in the inner city of Tbilisi, while the figure grew by 9% in the suburbs and by 16% in the centre. As for the old flats, the weighted average price has increased by 12% in the centre and the suburbs, while in the inner city 14% increase was observed.

As of August 2022, the number of transactions of residential flats in Batumi has increased by 47% up to 1,566 units. The market size has increased by 48% standing at USD 66 millions.

In August 2022, in Batumi the number of transactions of newly-built flats has grown by 45% year over year, while a 70% YoY growth rate has been observed in the case of old flats.

In August 2022, in Batumi the demand has increased by 15% in the premium segment of newly-built residential flats, up to 259 units. While the figure for medium and economy flats has increased by 59% and 51%, respectively.

In August 2022 the weighted average price of newly-built flats in Batumi increased only by 3% equaling USD 822 per sq m, an 18% growth rate was recorded in the case of old flats standing at USD 707 per sq m.

In July 2022, the number of transactions of residential flats in Tbilisi amounted to 3,695 units, reflecting 17% YoY growth.

In July 2022, Tbilisi Residential Market size increased by 31% standing at USD 190 mln

In July 2022 the number of transactions in new projects in Tbilisi increased by 20%, mainly driven by a significant increase in medium and premium segments. The figure for old flats features a 13% growth compared to July 2021.

In July 2022 the number of transactions of newly-built medium flats in Tbilisi has more than doubled, while a 159% increase was recorded in the premium segment. As for the economy segment, the figure has decreased by 3%.