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Galt & Taggart
- 2025-03-07
Tbilisi Residential Real Estate - January 2025
In Jan-25, apartment sales in the projects of selected developers continued declining (-7.5% y/y). Secondary market apartment sales stood at 1,363 indicating 9.3% y/y decrease.
Price per square meter on the primary market remained flat m/m at US$ 1,319.
Total market value of apartments sold in Tbilisi stood at US$ 242.2mn, up by 5.7% y/y.
Price for renting an average apartment (50-60 m2) in Tbilisi stayed flat at US$ 9.7 per m2.
Total living area of issued permits decreased sharply, reaching 71,296 m2 (-46.1% y/y).
Price per square meter on the primary market remained flat m/m at US$ 1,319.
Total market value of apartments sold in Tbilisi stood at US$ 242.2mn, up by 5.7% y/y.
Price for renting an average apartment (50-60 m2) in Tbilisi stayed flat at US$ 9.7 per m2.
Total living area of issued permits decreased sharply, reaching 71,296 m2 (-46.1% y/y).
