The latest market overview published by TBC Capital reported that Tbilisi’s residential real estate market recorded modest growth in November, with apartment sales rising slightly year-on-year. A total of 3,627 apartments were sold during the month, marking a 2% increase compared to November 2024.
The bulk of transactions continued to come from the secondary market, which accounted for 85% of all sales, while newly built apartments made up the remaining 15%.
Didi Dighomi remained the city’s most active district, with 949 apartments sold. Despite high activity, average prices in the area declined by 4% year-on-year to $1,118 per square meter. Saburtalo followed with 548 transactions while Samgori ranked third in terms of sales volume.
Samgori stood out for its sharp rise in activity, recording the strongest annual growth in the city. Apartment sales in the district surged by 45% to 456 units, with the average price reaching $1,163 per square meter.
At the other end of the market, Mtatsminda saw the lowest number of transactions, with just 49 apartments sold, reflecting a 16% annual decline. Chughureti experienced the steepest drop in activity as sales fell 31% year-on-year to 79 units.
Across Tbilisi, the average apartment sale price increased by 4% compared to last year, reaching $1,341 per square meter in November. Mtatsminda, Vake and Saburtalo remained the city’s most expensive districts while Samgori, Gldani, and Didi Dighomi continued to offer the most affordable prices.
Price dynamics varied significantly by district. Nadzaladevi recorded the fastest annual price growth, with average prices rising by 11% while Vake experienced a 9% year-on-year decline in apartment prices.
