Indexes
Real Estate Market Highlights, #8 | 2017
30
March
2018
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 a 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 an 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.
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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, #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.
