| In July 2023, in Tbilisi the number of transactions of residential flats amounted to 3,540 units, reflecting 7% YoY decrease. Market size also decreased by 7% standing at USD 189 millions.

In the first half of 2023, the number of transactions of newly-built premium flats in Tbilisi has increased by 44%, while a 28% growth was observed in the medium segment. As for the economy segment, the figure has decreased by 15% recording 7,890 units.

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 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 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.

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 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.

In June 2023 the number of transactions of newly-built premium flats in Tbilisi has increased by 58%, while a 11% growth was observed in the medium segment. As for the economy segment, the figure has increased only by 2% recording 1,626 units.

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 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 the first half of 2023, in Tbilisi the number of transactions of residential flats amounted to 20,026 units, reflecting only a 2% YoY reduction. Market size decreased by 5% standing at USD 1.1 billions.

In the first half of 2023, the number of transactions in new projects decreased by 0.4%. The figure for old flats features a 6% decrease compared to the first half of 2022.