Sales of High-Priced Apartments on the Rise in Tbilisi; Which Districts Are Seeing Increased Demand?

According to the monthly review of Tbilisi residential real estate by TBC Capital, there has been a significant increase (17% YoY) in the number of apartments sold in Tbilisi in January 2023, with a noted increase in sales of high-priced apartments ($1,500 per sq.m) compared to the same period last year.

The review also shows that the majority of apartments sold were less than 75 sq.m and Saburtalo district had the highest number of sales, while Didi Digomi had the highest level of sales of new apartments. Meanwhile, the areas with the highest increase in transactions were Nadzaladevi, Chugureti, and Mtatsminda, with Mtatsminda and Vake having the highest selling prices per sq.m in Tbilisi.