The GEO real property market grew by 2.4% in Q3 2018, in comparison with Q2 2018. While the annual increase was more pronounced at 24.3% (YoY), in comparison with Q3 2017.
Tbilisi dominated the real property market with a 44.4% share in total sales in Q3 2018.
The Tbilisi market was followed by Ajara and Kakheti, with a 10.1% and 8.7% proportion of GEO sales, respectively. The highest annual increase (YoY) in sales was observed in Racha-Lechkhumi and Kvemo-Svaneti (70.1%), Samtskhe-
Javakheti (44.4%), and Tbilisi (37.7%).
In Q3 2018, TBS had an annual growth of 37.7% in real property sales, while the market outside TBS began to catch up and grew by 15.4%.
More than half of GEO sales were registered in the two largest cities: TBS & BAT.