Colliers Georgia published updated data on Recov.ge which shows that Tbilisi’s residential real estate market closed 2025 on a strong note, with apartment sales and prices posting solid growth in December.
A total of 4,495 apartment transactions were recorded during the month, representing a 12.7% year-on-year increase. Market turnover expanded even faster, rising 21.8% to approximately USD 350 million, supported by both higher transaction volumes and continued price appreciation.
New development projects were the main growth driver. Transactions in new projects rose 15.4% compared to December 2024, reflecting strong demand for modern housing. Within this segment, primary market sales of newly built apartments increased by 10.4% while secondary market transactions jumped by 24.3%. Older housing stock also saw positive momentum, with transactions up 2.9% year-on-year.
Price dynamics were especially pronounced in the new-build segment. Weighted average prices for newly constructed apartments climbed 9.5% in suburban areas, 17.9% in the city center and 21.5% in wider central districts. The sharpest increase was recorded in the primary market of the wider center where prices surged 24%, largely reflecting revised developer pricing strategies.
Prices for older apartments rose more moderately. In this segment, values increased by 12.3% in suburban districts and 7.7% in the wider center while the city center remained broadly stable, posting a marginal 0.1% decline, a sign of a more mature and balanced market in this area.
