Real Estate Market Highlights, #5 | January-March 2017
01 May 2017

With a total of 21 611 property sales, Georgian real estate market in Q1 2017 grew by 6.1% (YoY).

194 new buildings with total area of 301.1 thousand sq.m were completed in Tbilisi during Q1 2017.

Mtatsminda with USD 1 061 per sq.m remained the most expensive district of Tbilisi.

At USD 720 per sq.m (Average of Q1 2017) Batumi real estate market remained twice as expensive as Kutaisi market at USD 354 per sq.m.