Indexes
Real Estate Market Highlights, #16 | January-March 2020
25
May
2020
In comparison to Q4 2019, the GEO real property market contracted by 21.2% in Q1 2020 (from 34,602 units sold in Q4 2019 to 27,273 in Q1 2020) while the annual decrease was observed at 4.3% (YoY) compared to Q1 2019.
Tbilisi dominated the real property market with a 42.8% share in total sales in Q1 2020. The Tbilisi market was followed by Kakheti and Adjara, with a respective 12.6% and 8.8% of GEO sales.
The highest annual increase in Q1 sales (YoY) was observed in Racha-Lechkhumi & Kvemo Svaneti (41.2%). On the other hand, the highest decrease in Q1 sales (YoY) was observed in Guria (-25.9%), Adjara (-22.5%), and Samtskhe-Javakheti (-10.5%). While Tbilisi had an annual decline of 1.9% in real property sales, the market outside the capital shrank by 9.9%.
More than half of GEO sales were registered in the two largest cities: Tbilisi and Batumi
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Real Estate Market Highlights, #20 | Apr-Jun 2021
23
August
2021
The Residential Sales Price Index (SPI) for Tbilisi increased moderately in April and May of 2021, however it decreased slightly in June and amounted to 114.4 index points (equaling 100 in the base period of January 2019). Compared to the second quarter of 2020, the SPI showed an increase in Q2 2021 – with the largest change of 7.9% (YoY) in June 2021.
Real Estate Market Highlights, #19 | Jan-Mar 2021
10
June
2021
After a decline in January 2021 compared to December 2020, the Tbilisi Residential Sales Price Index (SPI) showed an upward trend in Q1 2021, increasing from 110.7 index points in January 2021 to 113.5 index points in March 2021 (the index is equal to 100 in the base period, January 2019).
Real Estate Market Highlights, #18 | Jan-Dec 2020
27
April
2021
The Tbilisi Residential Sales Price Index (SPI) showed no significant fluctuations from the beginning of 2020; varying between 113 and 114 index points (the index equals 100 in the base period, January 2019).
Real Estate Market Highlights, #17 | April-June 2020
03
August
2020
In comparison to Q1 2020, the GEO real property market contracted significantly by 45.5% in Q2 2020 (from 27,273 units sold in Q1 2020 to 14,855 in Q2 2020) while the annual decrease was observed at 53.6% (YoY) compared to Q2 2019.
Real Estate Market Highlights, #15 | October-December 2019
17
February
2020
In comparison to Q3 2019, the GEO real property market increased by 4.7% in Q4 2019. While the annual increase was observed at 3.0% (YoY) compared to Q4 2018. Tbilisi dominated the real property market with a 40.7% share in total sales in Q4 2019. The Tbilisi market was followed by Adjara and Kakheti, with a respective 12.4% and 12.2% of GEO sales.
