Residential sales and rent prices in Tbilisi start declining in May - 2014
13 May 2014

In May, sale and rental prices for residential property in Tbilisi were lower by 4.0% and 3.3% resectively than in the same month a year earlier.

The selling prices of residential property declined in May, both in monthly and annual terms. Despite this, the trend line on Chart 1 indicates a tendency towards an overall price increase since Feb. 2013.

Rent prices showed a decline in annual terms (3.3%, compared to May 2013), but the overall price trend remained stable on the rental market over the year, despite large seasonal fluctuations.