As of October 2022, the number of transactions of residential flats in Batumi has increased by 51% up to 1,630 units. The market size has increased by 46% standing at USD 68 millions.

In October 2022, the number of transactions of newly-built flats has grown by 52% year over year, while a 46% YoY growth rate has been observed in the case of old flats.

In October 2022, the demand considerably increased in the case of medium and premium newly-built flats, recording 85% and 59% YoY growth rates. The figure for the economy segment increased by 35% amounting to 743 units.

In October 2022 the weighted average price of newly-built flats in Batumi increased by 16% equaling USD 879 per sq m, while the figure for old flats recorded a 2% increase up to USD 708 per sq m.

In September 2022, in Tbilisi the number of transactions of residential flats amounted to 3,831 units, reflecting 27% YoY growth. Market size increased by 42% standing at USD 196 mln.

In september 2022 the number of transactions in new projects increased by 29%, mainly driven by a doubled demand in medium and premium segments. The figure for old flats features a 22% growth compared to september 2021.

In September 2022 the number of transactions of newly-built medium flats in Tbilisi has almost doubled, while a 167% growth was observed in the premium segment. As for the economy segment, the figure has increased by only 5%.

The weighted average price of newly-built flats has increased by 16% in the centre of Tbilisi, while the figure grew by 15% in the inner city. As for the suburbs, 11% growth is recorded. Regarding old flats, the weighted average price has increased by 10% in the suburbs, while in the city centre and inner city 9% growth is observed.

As of September 2022, the number of transactions of residential flats in Batumi has increased by 47% up to 1,627 units. The market size has increased by 57% standing at USD 74 millions.

In September 2022, the number of transactions of newly-built flats has grown by 51% year over year, while a 21% YoY growth rate has been observed in the case of old flats.

In September 2022, the demand has almost doubled for the premium segment of newly-built residential flats, up to 311 units. While the figure for medium and economy flats has increased by 55% and 36%, respectively.

In September 2022 the weighted average price of newly-built flats in Batumi increased by 14% equaling USD 886 per sq m, a 10% growth rate was recorded in the case of old flats standing at USD 678 per sq m.