In the first half of 2023, the weighted average price of newly-built flats in Tbilisi has increased by 9% in the suburbs and wide centre, while a 7% growth was recorded in the city centre.

In the first half of 2023, in Tbilisi the weighted average price of old flats has increased by 6% in the suburbs and city centre, while in wide centre 3% growth was observed.

As of June 2023, the number of transactions of residential flats in Batumi has decreased by 16% to 1,295 units. The market size has decreased by 10% standing at USD 59 millions.

In June 2023, the number of transactions of newly-built flats has declined by 12% year over year, while a 39% YoY decrease rate has been observed in the case of old flats.

In June 2023, the number of transactions increased in the case of premium newly-built flats, recording 31% YoY growth rates. The figure for the medium and economy segments decreased by 21% and 22% compared to June 2022.

In June 2023, the weighted average price of newly-built flats in Batumi increased by 20% equaling USD 983 per sq m, while the figure for old flats recorded a 23% increase up to USD 827 per sq m.

As of the first half of 2023, the number of transactions of residential flats in Batumi has increased by 9% up to 8,160 units. The market size has increased by 18% standing at USD 361 millions.

In the first half of 2023, the number of transactions of newly-built flats has grown by 11% year over year, while a 3% YoY decrease has been observed in the case of old flats.

In the first half of 2023, the number of transactions considerably increased in the case of premium newly-built flats, recording 81% YoY growth rates. The figure for the medium segment has increased only by 2% compared to the first half of 2022, while in the economy segment 3% decrease is observed.

In the first half of 2023, the weighted average price of newly-built flats in Batumi increased by 20% equaling USD 920 per sq m, while the figure for old flats recorded a 13% increase up to USD 735 per sq m.

In May 2023, in Tbilisi the number of transactions of residential flats amounted to 3,515 units, reflecting a 0.1% YoY increase. Market size increased by 8% standing at USD 195 millions.

In May 2023 the number of transactions in new projects increased by 3.7%. The figure for old flats features a 7% decrease compared to May 2022.