In December 2022, the number of transactions considerably increased in the case of medium and premium newly-built flats, recording 53% and 185% YoY growth rates. The figure for the economy segment increased only by 6% amounting to 758 units.

In December 2022 the weighted average price of newly-built flats in Batumi increased by 23% equaling USD 912 per sq m, while the figure for old flats recorded a 9% increase up to USD 659 per sq m.

In December 2022, in Tbilisi the number of transactions of residential flats amounted to 3,967 units, reflecting 33.7% growth compared to December 2019. It should be mentioned that in December 2021 the figure was at high level due to the massive registrations from one of the large-scale developers. Regarding market size, the figure has increased by 53% standing at USD 217 millions.

In December 2022 the number of transactions in new projects increased by 40% compared to 2019. The figure for old flats features a 21% growth compared to December 2019.

In December 2022 the number of transactions of newly-built premium flats in Tbilisi tripled compared to 2019, while medium flats doubled up to 820 units. A slight 15% increase was recorded in the case of economy flats.

In December 2022 the weighted average price of newly-built flats in Tbilisi has increased by 14% in the city centre, while the figure grew by 22% in the inner city. As for the suburbs, a 28% growth is recorded.

As of December 2022 in Tbilisi the weighted average price of old flats has increased by 15% in the suburbs, while in the inner city and city centre 1% and 5% growth is observed.

In November 2022, in Tbilisi the number of transactions of residential flats amounted to 3,865 units, reflecting 9% YoY growth. Market size increased by 28% standing at USD 214 millions.

In November 2022 the number of transactions in new projects increased by 10%. The figure for old flats features a 7% growth compared to November 2021.

In November 2022 the number of transactions of newly-built premium flats in Tbilisi has more than doubled, while an 67% growth was observed in the medium segment. As for the economy segment, the figure has decreased by 12%.

As of November 2022 the weighted average price of newly-built flats in Tbilisi has increased by 15% in the suburbs, while the figure grew by 13% in the inner city. As for the city centre, 14% growth is recorded.

As of November 2022 in Tbilisi the weighted average price of old flats has increased by 11% in the suburbs, while in the city centre and inner city 9% and 2% growth is observed.