Colliers Georgia reported that the residential real estate market in Tbilisi continued its upward trajectory in February 2026, with both transaction volumes and prices posting strong year-on-year growth.
A total of 3,801 apartments were sold during the month, marking a 20.4% increase compared to February 2025. The overall market value expanded even more sharply, rising by 34.4% year-on-year to reach $311 million.
Growth was driven largely by the new developments segment. Sales of newly built apartments increased by 21.7%, with both the primary market (direct sales from developers) and the secondary market (resales of new units) contributing to the rise, up 23.9% and 18.5% respectively. Meanwhile, transactions involving older residential projects also grew by 15.7%.
Prices continued to climb across all segments and districts of the capital. For newly built apartments, average weighted sale prices rose by 9.1% in suburban areas, 8.2% in the wider center and 14.7% in central districts. In the primary market, prices in the city center increased by 15.1%, partly reflecting delayed transaction registrations by developers while secondary market prices in the same areas grew by 8.2%. Overall, average primary market prices rose by 10.7% and secondary market prices by 6.3%.
The upward trend extended to older housing stock as well. Prices for existing apartments increased by 8% in suburban districts, 4.8% in the wider center and 11.6% in central areas. Across the city, the average price for old residential properties rose by 8.5% year-on-year.
