Real Estate Market Highlights, #3 | October 2016
14 December 2016

Tbilisi real property market slowed down, but with 3 199 market transactions recorded in October 2016, it remains much more active as compared to October 2015.

During the last 10 months (January-October, 2016) 605 new buildings with total area of 1 202 828 sq.m have been supplied to the real property market. This represents 53.6% and 74.2% growth, respectively, over the same period last year.

Sales Price Index and Rental Price Index for residential properties remained relatively stable, while Average Sales Price displayed signs of recovery slightly surpassing Average Sales Price in October 2015. Average Rental Price continues its revival after the slowdown of August 2016.