Tbilisi Residential Market Overview Q1|Q2 2022-2023
The residential market in Tbilisi has been dynamic and continuously evolving in recent years, thus the demand for housing has remained strong. The city offers a wide variety of residential properties, catering to different budgets and preferences. Additionally, the residential market in Tbilisi has seen a growing interest from investors, leading to market diversification and the introduction of new housing concepts and designs.
In the period between January and June 2022, a total of 1.086 million square meters (SQM) of residential properties were sold, with an average price of $783 per SQM. However, in the same period in 2023, there was a slight decline in sales volume, with 1.083 million SQM of apartments sold. At the same time, the average price per SQM increased to $919.