ISET

The GEO real property market grew by 10.1% in Q2 2018, in comparison with Q1 2018. The annual increase was more pronounced at 22.7% (YoY), in comparison with Q2 2017.

TBS, with a 44.0% share in total sales in Q2 2018, dominated the GEO real property market.

The TBS market was followed by Kakheti and Ajara, with a 10.2% share in GEO sales for both regions. The highest annual increase (YoY) in sales was observed in Racha-Lechkhumi and Kvemo-Svaneti (120.0%), Mtskheta-Mtianeti (57.6%), and Tbilisi (35.8%).

In Q2 2018, TBS real property sales grew annually by 35.8%, and overall, the market outside TBS caught up and grew by 14.0%. More than half of GEO sales were registered in the two largest cities: TBS & BAT.

The GEO real property market grew by 0.1% (QoQ) in Q1 2018, in comparison with Q4 2017. The annual increase was more pronounced at 27.2% (YoY), in comparison with Q1 2017.

TBS, with a 41.6% share in total sales in Q1 2018, dominated the GEO real property market.

The TBS market was followed by Kakheti at 11.1%, and Ajara, with a 9.9% share in GEO sales. The highest annual increase (YoY) in sales was observed in the Racha-Lechkhumi&Kvemo Svaneti (105.0%), Guria (66.9%) and Kakheti (31.7%) regions.

In Q1 2018, TBS real property sales grew annually by 37.1%, and overall the market outside TBS caught up and grew by 21.0%.

More than half of GEO sales were registered in the two largest cities: TBS & BAT.

GEO real property market grew by 10.6% in 2017 in comparison with 2016. Annual increase was observed in all quarters, with the highest jump in Q2, 14.2% (QoQ) and 20.0% (YoY).

TBS, with 40.7% share in total sales in 2017 dominated the GEO real property market. TBS market was followed by Ajara with 11.6% and Kakheti with 9.9% shares in GEO sales. Ajara experienced the highest annual increase in the sales number (34.1%). With 84.3% share, market growth in Ajara was mostly driven by increase in transactions recorded in BAT (32.4%).

In 2017, TBS real property sales grew by 15.6%, while overall the market outside TBS - by only 7.5%. 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.

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