July Updates on Sales

In July 2024, a 6% increase in transactions in new projects in Tbilisi is recorded. In old projects, compared to July 2023, the rate has decreased by 12%.

In July 2024, the weighted average sale price of newly built apartments in Tbilisi increased by 9% in the suburbs and the wider center, and a 7% increase was recorded in the city center.

In July 2024, the weighted average selling price of old apartments in Tbilisi increased by 10% in the suburbs and the city center. A 14% increase was recorded in the broad center.

In July 2024, the number of residential apartment transactions in Batumi increased by 5% compared to July of last year to 1,247 units, and the market size increased by 16% to 68 million USD.

In July 2024, the number of residential apartment transactions in Tbilisi amounted to 3,597 units and compared to July of the previous year, a 1% increase was recorded. The market size has increased by 10% to 242 million USD.

In June 2024, the weighted average selling price of newly built apartments in Tbilisi increased by 12% in the suburbs, while in the city center and the wider center, an increase of 6% and 4% was recorded.