Galt & Taggart reports the total value of the Tbilisi real estate market, reaching $2 billion in November 2024, marking a 5.5% increase y/y.
Primary trends:
- Apartment Sizes: Medium-sized units remained dominant because of affordability and demand.
- Pricing: Budget apartments experienced reduces sales due to rising prices.
Year-to-Date Price Changes:
- Primary market: 5.3% increase
- Secondary market (new projects): 7.9% increase
- Secondary market (old projects): 1.6% increase.
Primary market prices increased by 6.6% in November alone and the growth rates sustained over the year.
The report shows that price imbalances across districts remain, revealing differences in property conditions, amenities, and developer reputations.
