Property Prices Increase in Tbilisi and Other Cities in Q4 2018

Real Estate Market

Property Prices Increase in Tbilisi and Other Cities in Q4 2018


Tbilisi Residential Property

In Q4 2018, the Average Sale Price (ASP) in Tbilisi varied between $871 and $913 per m2 (monthly average), and Average Rent Price (ARP) was between $7.1 and $8.1 per m2 (monthly average) for the same period. The quarterly averages are $887 for ASP and $7.5 for ARP.

ASP increased in all districts of Tbilisi for this period. The highest increase can be observed in Isani and Didube, 18.4% and 16.3%, respectively. ARP percentage increased the most in Isani, by 9.6% (YoY).

Mtatsminda ($1,096) and Samgori ($552) were the most expensive and cheapest districts of Tbilisi, respectively, by ASP. Mtatsminda ($8.72) and Gldani ($4.40) were the most expensive and cheapest districts for the same period by ARP.


Tbilisi Commercial Property

During Q4 2018, ASP varied between $1,032 and $1,136 per m2, and ARP between $9.18 and $10.55 per m2. The ASP for commercial properties increased by 4.2 % (YoY), and reached $1,076 per m2. Meanwhile, ARP increased as well by 4.0% (YoY) to $9.73 per m2.


Batumi & Kutaisi Residential Property

In Q4 2018, ASP for residential properties in Batumi increased by 11.6 % (YoY) and reached $842 per m2. In Kutaisi, ASP increased as well by 6.4% (YoY) and amounted to $399 per m2. 

Real Estate Market Highlights for Q4, Georgiatoday.ge (March 18, 2019).

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2019-05-19T08:51:07+04:00 May 19th, 2019|
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