In March 2023, the weighted average price of newly-built flats in Batumi increased by 20% equaling USD 909 per sq m, while the figure for old flats recorded a 12% increase up to USD 702 per sq m.
Residential
04.2023
In the first quarter of 2023, in Tbilisi the number of transactions of residential flats amounted to 9,633 units, reflecting a 1% YoY reduction. Market size decreased by 12% standing at USD 532 millions.
Residential
04.2023
In the first quarter of 2023, the number of transactions in new projects increased by 1%. The figure for old flats features a 5% decrease compared to the first quarter of 2022.
Residential
04.2023
In the first quarter of 2023, the number of transactions of newly-built premium flats in Tbilisi has increased by 77%, while a 37% growth was observed in the medium segment. As for the economy segment, the figure has decreased by 17% recording 3,800 units.
Residential
04.2023
In the first quarter of 2023, weighted average price of newly-built flats in Tbilisi has increased by 13% in the suburbs, by 14% in the wide center, and a 10% growth was recorded in the city centre.
Residential
04.2023
In the first quarter of 2023, in Tbilisi the weighted average price of old flats has increased by 8% in the suburbs, while in wide centre and the city centre 4% and 7% growth was observed.
Residential
04.2023
As of the first quarter of 2023, the number of transactions of residential flats in Batumi has increased by 40% up to 4,273 units. The market size has increased by 55% standing at USD 186 millions.
Residential
04.2023
In the first quarter of 2023, the number of transactions of newly-built flats has grown by 41% year over year, while a 30% YoY growth rate has been observed in the case of old flats.
Residential
04.2023
In the first quarter of 2023, the number of transactions considerably increased in the case of premium newly-built flats, recording 188% YoY growth rates. The figure for the medium and economy segments increased by 34% and 17%, respectively.
Residential
04.2023
In the first quarter of 2023, the weighted average price of newly-built flats in Batumi increased by 24% equaling USD 908 per sq m, while the figure for old flats recorded a 16% increase up to USD 725 per sq m.
Residential
03.2023
In February 2023, in Tbilisi the number of transactions of residential flats amounted to 3,421 units, reflecting 5% YoY growth. Market size increased by 21% standing at USD 190 millions.
Residential
03.2023
In February 2023 the number of transactions in new projects increased by 12%. The figure for old flats features a 7% decrease compared to February 2022.
