Real Estate Market Highlights, #2 | July-September 2016
08 November 2016

Tbilisi real property market continues to grow steadily. Total sales grew to 3331 units in September 2016 to hit a new monthly record. Market rose also in July 2016 followed by slight decrease in August 2016.

Sales Price Index and Real Price Index for residential property have been increasing during July-September 2016. While Average Sales Price continued to trend downward, Average Rental Price recovered slightly in September 2016 after two months of continuous decline.

Sales Price Index for commercial property has been increasing during July-September 2016, while Rental Price Index has decreased substantially since July 2016. Average Sales Price has been recovering fast from July`s slump, and Average Rental Price also increased in September 2016 after sharp fall in the previous month.