In March 2023, the number of transactions of newly-built flats has grown by 17% year over year, while a 12% YoY growth rate has been observed in the case of old flats.

In March 2023, the number of transactions considerably increased in the case of premium newly-built flats, recording 101% YoY growth rates. The figure for the medium segment increased by 5% while the number of transactions in the economy segment has stayed roughly the same.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.