ISET

In comparison to Q3 2019, the GEO real property market increased by 4.7% in Q4 2019. While the annual increase was observed at 3.0% (YoY) compared to Q4 2018.

Tbilisi dominated the real property market with a 40.7% share in total sales in Q4 2019. The Tbilisi market was followed by Adjara and Kakheti, with a respective 12.4% and 12.2% of GEO sales.

The highest annual increases in Q4 sales (YoY) were observed in Racha-Lechkhumi & Kvemo Svaneti (62.9%), Shida Kartli (26.8%), Samegrelo-Zemo Svaneti (18.2%), and Adjara (14.8%). While Tbilisi had an annual decline of 5.6% in real property sales, the market outside the capital grew by 9.9%.

More than half of GEO sales were registered in the two largest cities: Tbilisi and Batumi.

In comparison to Q2 2019, the GEO real property market increased by 3.1% in Q3 2019. While, the annual increase was more pronounced at 7.0% (YoY) compared to Q3 2018.

Tbilisi dominated the real property market with a 40.8% share in total sales in Q3 2019. The Tbilisi market was followed by Adjara and Kakheti, with a respective 16.0% and 9.7% of GEO sales.

The highest annual increases in Q3 sales (YoY) were observed in Adjara (68.9%), Guria (41.8%), Racha-Lechkhumi (26.6%), and Kakheti (19.5%). Although Tbilisi had an annual decline of 1.7% in real property sales, the market outside the capital grew by 13.9%.

More than half of GEO sales were registered in the two largest cities: Tbilisi and Batumi.

In comparison with Q4 2018, the GEO real property market dropped by 15.2% in Q1 2019. While the annual increase was more pronounced at 3.7% (YoY), compared to Q1 2018.

Tbilisi dominated the real property market with a 41.8% share in total sales in Q1 2019. The Tbilisi market was followed by Kakheti and Adjara, with a respective 12.6% and 10.9% proportion of GEO sales.

The highest annual increases in Q1 sales (YoY) were observed in Imereti (18.7%), Kakheti (17.4%), Samtskhe-Javakheti (15.4%), and Ajara (11.0%). While, Tbilisi had an annual growth of 4.1% in real property sales, where the market outside the capital began to catch up and grew by 3.4%.

More than half of GEO sales were registered in the two largest cities: Tbilisi and Batumi.

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