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Activity is Declined at the Real Estate Market in May

Apartments Cheapen, Commercial Real Estate Rises in Price

As compared to December 2017, prices declined on apartments. At the end of 2017 the price of a square meter of Tbilisi-based apartment exceeded 1 000 USD, while the value declined to 950 USD in January 2018.

Unlike apartments, prices of commercial real estates keep growing. Over the past month, the price of a square meter of commercial spaces at shopping malls rose to 1900 USD from 1600 USD.

Real estate prices have been taken from Makler.ge.