Tbilisi (GBC) - In May 2025, the number of transactions in new projects in Tbilisi increased by 12.2%, driven by growth in the secondary market, - according to the report published by Colliers International Georgia on Recov.ge. The declining trend in old projects has persisted - the figure for old flats features a 7% decrease compared to May 2024. However, it should be noted that the rate of decline has been slowing relative to previous periods.

As of May 2025 the weighted average price of newly-built flats in Tbilisi has increased by 13.5% in the suburbs compared to May 2024, 8.9% growth was observed in the wide centre , while in the city centre 6.8% increase was witnessed. The growth is mostly driven by the primary market, where weighted average price increased by 15.2% citywide (some primary transactions are registered late, resulting in a price growth trend that does not reflect reality.) In the secondary market of newly built apartments, the weighted average price across the city increased by 5.7%.

As of May 2025 in Tbilisi the weighted average price of old flats has increased by 9.5% in the city centre compared to May 2024, in the wide centre 1.4% growth was witnessed, while in the suburbs the weighted average price increased by 3.8%.

In May 2025, in Tbilisi the number of transactions of residential flats amounted to 3,437 units, reflecting 7.2% YoY increase. Market size increased by 21% standing at USD 261 millions. Note: The methodology of price analysis has been updated for new projects, which has resulted in changes in 2022-2025 figures.