ISET

The GEO real property market grew by 8.8% in Q4 2018, in comparison with Q3 2018. While the annual increase was more pronounced at 22.3% (YoY), in comparison with Q4 2017.

Tbilisi dominated the real property market with a 44.4% share in total sales in Q4 2018. The Tbilisi market was followed by Kakheti and Adjara, with a 11.6% and 11.1% proportion of GEO sales, respectively.

The highest annual increase (YoY) in sales was observed in Racha-Lechkhumi and Kvemo-Svaneti (56.5%), Kakheti (34.4%), and Tbilisi (27.8%). In Q4 2018, TBS had an annual growth of 27.8% in real property sales, while the market outside TBS began to catch up and grew by 18.2%.

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

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

 

Real Estate Prices Index Recent Publications

  • Real Estate Market Highlights, #13 | January-March 2019

    In comparison with Q4 2018, the GEO real property market dropped by 15.2% in Q1 2019. While the annual increase was more pronounced at 3.7% (YoY), compared to Q1 2018. Tbilisi dominated the real property market with a 41.8% share in total sales in Q1 2019. The Tbilisi market was followed by Kakheti and Adjara, with a respective 12.6% and 10.9% proportion of GEO sales. The highest annual increases in Q1 sales (YoY) were observed in Imereti Read More
  • Real Estate Market Highlights, #12 | October-December 2018

    The GEO real property market grew by 8.8% in Q4 2018, in comparison with Q3 2018. While the annual increase was more pronounced at 22.3% (YoY), in comparison with Q4 2017. Tbilisi dominated the real property market with a 44.4% share in total sales in Q4 2018. The Tbilisi market was followed by Kakheti and Adjara, with a 11.6% and 11.1% proportion of GEO sales, respectively. The highest annual increase (YoY) in sales was observed Read More
  • Real Estate Market Highlights, #11 | July-September 2018

    The GEO real property market grew by 2.4% in Q3 2018, in comparison with Q2 2018. While the annual increase was more pronounced at 24.3% (YoY), in comparison with Q3 2017. Tbilisi dominated the real property market with a 44.4% share in total sales in Q3 2018. The Tbilisi market was followed by Ajara and Kakheti, with a 10.1% and 8.7% proportion of GEO sales, respectively. The highest annual increase (YoY) in sales was observed in Racha-Lechkhumi Read More
  • Real Estate Market Highlights, #10 | April-June 2018

    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 Read More
  • Real Estate Market Highlights, #9 | January-March 2018

    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 Read More
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