As of January 2023, the number of transactions of residential flats in Batumi has increased by 75% up to 1,330 units. The market size has increased by 98% standing at USD 58 millions.

In January 2023, the number of transactions of newly-built flats has grown by 76% year over year, while a 72% YoY growth rate has been observed in the case of old flats.

In January 2023, the demand considerably increased in the case of premium newly-built flats, recording 339% YoY growth rates. The figure for the economy and medium segments increased by 39% and 68% amounting to 579 and 296 units.

In January 2023 the weighted average price of newly-built flats in Batumi increased by 34% equaling USD 924 per sq m, while the figure for old flats recorded a 6% increase up to USD 674 per sq m.

As of December 2022, the number of transactions of residential flats in Batumi has increased by 38% up to 1,734 units. The market size has increased by 116% standing at USD 107 millions.

In December 2022, the number of transactions of newly-built flats has grown by 38% year over year, while a 35% YoY growth rate has been observed in the case of old flats.

In December 2022, the number of transactions considerably increased in the case of medium and premium newly-built flats, recording 53% and 185% YoY growth rates. The figure for the economy segment increased only by 6% amounting to 758 units.

In December 2022 the weighted average price of newly-built flats in Batumi increased by 23% equaling USD 912 per sq m, while the figure for old flats recorded a 9% increase up to USD 659 per sq m.

In December 2022, in Tbilisi the number of transactions of residential flats amounted to 3,967 units, reflecting 33.7% growth compared to December 2019. It should be mentioned that in December 2021 the figure was at high level due to the massive registrations from one of the large-scale developers. Regarding market size, the figure has increased by 53% standing at USD 217 millions.

In December 2022 the number of transactions in new projects increased by 40% compared to 2019. The figure for old flats features a 21% growth compared to December 2019.

In December 2022 the number of transactions of newly-built premium flats in Tbilisi tripled compared to 2019, while medium flats doubled up to 820 units. A slight 15% increase was recorded in the case of economy flats.

In December 2022 the weighted average price of newly-built flats in Tbilisi has increased by 14% in the city centre, while the figure grew by 22% in the inner city. As for the suburbs, a 28% growth is recorded.