Real Estate
Posted: 4 weeks ago

Cheapest and Most Expensive Neighborhoods in Tbilisi to Buy a House

The residential real estate price index rose by 2% in the first quarter of 2021 compared to the previous quarter. The index grew at a rate of 13.6 percent per year.

According to Geostat, prices in the apartment segment increased by 1.8 percent in the first quarter of this year compared to the previous quarter, while prices in the private house segment increased by 2.6 percent. In terms of the annual cut, apartment prices increased by an average of 12 percent, while private house prices increased by 18.3 percent, relative to the first quarter of the previous year.

Geostat has also released data on the average price per square meter of private houses in various Tbilisi districts.

Vake - GEL 3,687;
Mtatsminda - GEL 3,480;
Didube - GEL 2,860;
Saburtalo - GEL 2,703;
Krtsanisi - GEL 2,690;
Chugureti - GEL 2,472;
Isani - GEL 2,250;
Nadzaladevi - GEL 1,993;
Gldani - 1 801 GEL;
Samgori - 1 714 GEL.