The GEO real property market grew by 10.1% in Q2 2018, in comparison with Q1 2018. The annual increase was more pronounced at 22.7% (YoY), in comparison with Q2 2017.
TBS, with a 44.0% share in total sales in Q2 2018, dominated the GEO real property market.
The TBS market was followed by Kakheti and Ajara, with a 10.2% share in GEO sales for both regions. The highest annual increase (YoY) in sales was observed in Racha-Lechkhumi and Kvemo-Svaneti (120.0%), Mtskheta-Mtianeti (57.6%), and Tbilisi (35.8%).
In Q2 2018, TBS real property sales grew annually by 35.8%, and overall, the market outside TBS caught up and grew by 14.0%. More than half of GEO sales were registered in the two largest cities: TBS & BAT.