Lari depreciation is taking its toll on real estate prices - September 2015
11 September 2015

• The lari depreciation caused a significant decrease in sale and rental prices in dollar terms.
• Rental prices slightly increased in August and September before the start of the new academic year.
• The commercial market turned out to be more resistent to the effects of currency depreciation.

The index slightly recovered in monthly terms over August and September, but the annual changes still remained negative (-4.5% and -4.7% respectively).