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Residential real estate prices rise in Q1

by Lana Kokaia
April 24, 2026
in Business & Economy, News
Reading Time: 1 min read
Tbilisi apartment market grows in December as sales and prices accelerate

Tbilisi skyline. Photo: Nomos Georgia.

Residential real estate prices increased in the first quarter of 2026, data shared by Geostat shows.

The residential property price index (RPPI) rose by 1.8% compared to the previous quarter, while annual growth reached 3%.

Prices have increased by 62.3% compared to the 2020 average.

The index covers only Tbilisi and reflects the new residential real estate market, including apartments in multi-storey buildings and private houses.

Quarter-on-quarter, prices rose in both segments: apartments increased by 2%, while private houses saw a 1.1% rise.

Year-on-year, prices also grew across both categories, up 3.3% for apartments and 1.8% for private houses.

The RPPI reflects changes in residential property prices and includes newly built and under-construction housing in Tbilisi.

Tags: Georgia’s real estate marketGeostat
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