Indexes
Business as usual for Tbilisi’s real estate market, despite a sharp annual drop in rental prices - November 2014
12
November
2014
• The rental price index registered the sharpest annual decline in November 2014.
• Average rental and sale prices in Tbilisi continue to follow their long run trends.
• Average rental prices in Gldani-Nadzaladevi and Isani-Samgori have converged for two consecutive months.
The November rental price index registered the sharpest annual decline (-8.8%) since the data collection started in March 2013. The good news is that nothing unusual happened on the rental market in Tbilisi during this time. The rental prices were simply coming off the unusual peak experienced in October-November 2013. Meanwhile, the average rental prices followed their long run trend, declining slightly to 8.56 USD per m2. As for sale prices, the index increased by 0.3% in annual terms and average market prices increased slightly above their long run trend, reaching 933.8 USD per m2 (see Chart 1).
Recent Publications
View All
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.
