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.

Real Estate Prices in Tbilisi: No Bubble, No Trouble
27 January 2015

Bubbles belong to the most fascinating phenomena in a market. Suddenly, people are willing to pay prices that are completely out of touch with the fundamental economic values of assets. In the stock market bubble of the 1920s, persons who had never before considered becoming investors borrowed money and bought shares, so as not to miss out on the chance to become rich.

Business as usual for Tbilisi’s real estate market, despite a sharp annual drop in rental prices - December 2014
09 December 2014

Investments in real estate compensates for risk premiums (compared to money deposits) and more than covers its costs (Mortgage interest rate). Average rental price for residential property continues to fall and reaches its historical minimum since March 2013.

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.

Low interest rates drive decline of average rental prices in October - 2014
14 October 2014

In October, rental prices for residential properties in Tbilisi declined significantly in annual terms (-7.1%). Buyers tended to purchase cheaper, lower quality units in October relative to the previous month. Lower lending and deposit interest rates made real estate investments more attractive, driving rental prices for residential property downward.