The GEO real property market grew by 0.1% (QoQ) in Q1 2018, in comparison with Q4 2017. The annual increase was more pronounced at 27.2% (YoY), in comparison with Q1 2017.
TBS, with a 41.6% share in total sales in Q1 2018, dominated the GEO real property market.
The TBS market was followed by Kakheti at 11.1%, and Ajara, with a 9.9% share in GEO sales. The highest annual increase (YoY) in sales was observed in the Racha-Lechkhumi&Kvemo Svaneti (105.0%), Guria (66.9%) and Kakheti (31.7%) regions.
In Q1 2018, TBS real property sales grew annually by 37.1%, and overall the market outside TBS caught up and grew by 21.0%.
More than half of GEO sales were registered in the two largest cities: TBS & BAT.