Indexes
Lari depreciation is behind a gradual reduction in Tbilisi housing prices - February, 2015
16
February
2015
• The lari depreciation has started to affect real estate market prices in Tbilisi.
• The average rental price for residential property has continued to fall, reaching a new historical minimum in February 2015.
• In January 2015, for the first time since the beginning of the sample, Old Tbilisi was not the most expensive district on the rental market.
In January and February 2015, there was no significant change in the rental and sale prices of residential property, but the price on both markets remained below their long-run trends. Average rental prices declined in both months, reaching a new historical minimum of 8.23 USD per m2 in February 2015. Likewise, in the first two months of 2015, the residential rental price index decreased by 6.2% and 2.9% respectively, compared to the same period in 2014. Moreover, average sale prices declined sharply to 867.6 USD per m2 in January (the lowest level since June 2013), recovering only slightly in February.
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Real Estate Market Highlights, #20 | Apr-Jun 2021
23
August
2021
The Residential Sales Price Index (SPI) for Tbilisi increased moderately in April and May of 2021, however it decreased slightly in June and amounted to 114.4 index points (equaling 100 in the base period of January 2019). Compared to the second quarter of 2020, the SPI showed an increase in Q2 2021 – with the largest change of 7.9% (YoY) in June 2021.
Real Estate Market Highlights, #19 | Jan-Mar 2021
10
June
2021
After a decline in January 2021 compared to December 2020, the Tbilisi Residential Sales Price Index (SPI) showed an upward trend in Q1 2021, increasing from 110.7 index points in January 2021 to 113.5 index points in March 2021 (the index is equal to 100 in the base period, January 2019).
Real Estate Market Highlights, #18 | Jan-Dec 2020
27
April
2021
The Tbilisi Residential Sales Price Index (SPI) showed no significant fluctuations from the beginning of 2020; varying between 113 and 114 index points (the index equals 100 in the base period, January 2019).
Real Estate Market Highlights, #17 | April-June 2020
03
August
2020
In comparison to Q1 2020, the GEO real property market contracted significantly by 45.5% in Q2 2020 (from 27,273 units sold in Q1 2020 to 14,855 in Q2 2020) while the annual decrease was observed at 53.6% (YoY) compared to Q2 2019.
Real Estate Market Highlights, #16 | January-March 2020
25
May
2020
In comparison to Q4 2019, the GEO real property market contracted by 21.2% in Q1 2020 (from 34,602 units sold in Q4 2019 to 27,273 in Q1 2020) while the annual decrease was observed at 4.3% (YoY) compared to Q1 2019.
