ISET

After hitting an all-time high in JUN-17, the GEO real property market slowed down in JUL-17 (-13.8% MoM), but gradually recovered during the next two months: AUG-17 (+6.5% MoM) and SEP-17 (+3.8% MoM). Despite the slowdown, with a total of 24 848 property sales, the GEO market in Q3 2017 grew by 0.7% compared to the previous quarter, and 5.9% against Q3 2016.

40.1% of all registered transactions took place in the capital. TBS’s share of total transactions remained stable, except for peak seasons in other regions of the country.

Ajara, with 11.9%, and Kvemo Kartli, with 9.1% shares in total sales, respectively, remained in the top 3 busiest regions. Q3 2017 YoY growth in total transactions was mostly driven by growth in the Tbilisi market (+8.4%), while outside the capital, the market grew by 4.2%.

Learn more about real estate market from our Real Estate Laboratory report, jointly produced with TBC Bank.

GEO real property market slowed down in APR-17 (-16.2% MoM) and gradually recovered during next 2 months: MAY-17 (+20.8% MoM) and JUN-17 (+6.5% MoM). With a total of 24 673 property sales, GEO market in Q2 2017 grew by 12.7% (YoY).

Share of TBS in GEO sales increased to 39.8% in Q2 2017, and TBS remains on the top of GEO real property market.

TBS market was followed by Ajara with 13.1% and Kvemo Kartli with 9.7% shares in GEO sales. In Q2 2017, TBS real property sales grew by 23.9%, while outside TBS - by only 1.2%. More than half of GEO sales were registered in 3 largest cities: TBS, BAT & KUT.

Learn more about real estate market from our Real Estate Laboratory report, jointly produced with TBC Bank.

With a total of 21 611 property sales, Georgian real estate market in Q1 2017 grew by 6.1% (YoY).

194 new buildings with total area of 301.1 thousand sq.m were completed in Tbilisi during Q1 2017.

Mtatsminda with USD 1 061 per sq.m remained the most expensive district of Tbilisi.

At USD 720 per sq.m (Average of Q1 2017) Batumi real estate market remained twice as expensive as Kutaisi market at USD 354 per sq.m.

Learn more about real estate market from our Real Estate Laboratory report, jointly produced with TBC Bank.

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