The number of transactions in Tbilisi’s residential real estate dwindled by 5%, amounting to 3,133, TBC Capital’s 2024 report reveals.
The average asking sale price advanced to $1,233, whilst the total market value is now USD 250 million, suggesting a 1% annual and 7% monthly decline.
The rental market is relatively stable at $11.5. Since August 2022, it has been the first time for rental yields to go below 10%, with a 9.8% fall. Permits for residential construction saw a 2% decline, with 625 new apartments sold in August.
