In February 2025, in Tbilisi the number of transactions of residential flats amounted to 3,205 units, reflecting 8.9% YoY decrease. Market size decreased by 0.6% standing at USD 234 millions.
Residential
03.2025
As of February 2025, the number of transactions of residential flats in Batumi has increased by 6.4% to 1,177 units. The market size has increased by 13.1% standing at USD 64 millions.
Residential
03.2025
In February 2025, the number of transactions of newly-built flats in Batumi has increased by 9.4% year over year, while a 16.9% YoY decrease rate has been observed in the case of old flats.
Residential
03.2025
As of February 2025 in Tbilisi the weighted average price of old flats has increased by 12.6% in the wide centre compared to February 2024, in the suburbs and city centre 6.2% and 5.9% increase was witnessed.
Residential
03.2025
In February 2025 the number of transactions in new projects in Tbilisi decreased by 2%. It should be noted that some transactions in new projects within the primary market are recorded later by developers, which could potentially distort the data and fail to present an accurate picture of the primary market. The declining trend in old projects has persisted - the figure for old flats features a 27.2% decrease compared to February 2024.
Residential
03.2025
In February 2025 the weighted average price of newly-built flats in Batumi increased by 14.4% equaling USD 1,189 per sq m, while the figure for old flats recorded a 8.8% increase to USD 1,099 per sq m.
Residential
03.2025
As of February 2025 the weighted average price of newly-built flats in Tbilisi has increased by 20.4% in the wide centre compared to February 2024, 10.3% growth was observed in the suburbs, while in the city centre 7.1% increase was witnessed. The most significant price change was observed in the wide centre, which was driven by the fact that in February 2024, transactions from two large projects spanning 3-4 years were registered all at once. This caused a decrease in the weighted average price at that time. Without these projects, prices in the wide centre increased by 3.9%.
Residential
02.2025
In January 2025 the number of transactions in new projects in Tbilisi increased only by 0.5%. It should be noted that part of the transactions in new projects are registered later by developers. The figure for old flats features a 29.2% decrease compared to January 2024.. It is noteworthy that the declining trend in old projects has persisted for the last two years, although a decline greater than 29.2% has only been recorded since 2012 during the pandemic period.
Residential
02.2025
As of January 2025 in Tbilisi the weighted average price of old flats has increased by 12.5% in the wide centre compared to January 2024, in the suburbs and city centre 10.4% and 7.2% increase was witnessed.
Residential
02.2025
In January 2025, the number of transactions of newly-built flats in Batumi has increased by 3% year over year, while a 5.7% YoY increase rate has been observed in the case of old flats.
Residential
02.2025
In January 2025, in Tbilisi the number of transactions of residential flats amounted to 2,892 units, reflecting 7.5% YoY decrease. Market size increased by 2.9% standing at USD 208 millions.
Residential
02.2025
As of January 2025, the number of transactions of residential flats in Batumi has increased by 3.2% to 1,049 units. The market size has increased by 17.4% standing at USD 57 millions.
