As of January 2024, the number of transactions of residential flats in Batumi has decreased by 22% up to 1,069 units. The market size has declined by 20% standing at USD 46 millions.
Residential
02.2024
In January 2024, in Tbilisi the number of transactions of residential flats amounted to 3,151 units, reflecting 5% YoY growth. Market size increased by 11% standing at USD 197 millions.
Residential
02.2024
In January 2024 the number of transactions in new projects increased by 12%. While the figure for old flats features a 12% decrease compared to January 2023.
Residential
02.2024
As of January 2024 the weighted average price of newly-built flats in Tbilisi has increased by 8% in the suburbs, while the figure declined by 2% in the wide and city centre.
Residential
02.2024
In January 2024 the weighted average price of newly-built flats in Batumi increased only by 1% equaling USD 932 per sq m, while the figure for old flats recorded a 7% increase up to USD 718 per sq m.
Residential
02.2024
In January 2024, the number of transactions of newly-built flats has decreased by 17% year over year, while a 49% YoY decline rate has been observed in the case of old flats.
Residential
02.2024
As of January 2024 in Tbilisi the weighted average price of old flats has increased by 10% in the suburbs, while in the wide centre and city centre 11% and 12% growth was witnessed.
Residential
01.2024
In 2023 in Batumi the number of transactions in new projects decreased by 8%. The figure for old flats features a 15% decrease compared to 2022.
Residential
01.2024
In 2023, in Tbilisi the number of transactions of residential flats amounted to 41,061 units, reflecting 8% YoY decline. However, market size increased by 5% standing at USD 2.5 billions.
Residential
01.2024
In 2023 the number of transactions in new projects decreased only by 4%. The figure for old flats features a 16% decrease compared to December 2022.
Residential
01.2024
In 2023, in Batumi the number of transactions of residential flats amounted to 15,826 units, reflecting 9% YoY decrease. Market size also decreased by 6% standing at USD 690 millions.
Residential
01.2024
In 2023, the weighted average price of old flats in Tbilisi increased by 23% YoY in the suburbs, while 18% and 15% increase was observed in the wide and city centre.
