The National Statistics Office of Georgia (Geostat) reports that the price of new residential real estate in Tbilisi has risen by 57% compared to 2020.
In the third quarter of 2025, the Residential Property Price Index (RPPI) increased by 0.6% quarter-on-quarter, while the annual growth rate stood at 7%. The figures reflect continued upward pressure on the capital’s housing market, driven largely by sustained demand and limited new supply.
The RPPI, which tracks newly built residential properties in Tbilisi, covers both apartments in multi-story buildings and private houses.
Geostat noted that private house prices have seen the sharpest growth, up by 61.4% compared to 2020,while apartment prices have risen by 54.5% over the same period.
The steady appreciation in new housing values point out the ongoing expansion of Tbilisi’s real estate sector.
