Tbilisi Property Prices Rise 11.5% Year-on-Year in Q1, Led by Mtatsminda and Vake Districts
Tbilisi’s residential real estate market continued its upward trajectory in the first quarter of 2025, with prices rising across both apartment and private house segments, according to new data from Geostat, Georgia’s national statistics office.
The Residential Property Price Index (RPPI) increased by 2.2% compared to the previous quarter, and posted an annual growth rate of 11.5%. Compared to the 2020 average, the index has surged by 57.6%, underscoring sustained demand in the capital’s property market.
The index covers newly built residential properties—both multi-storey apartment buildings and private houses—within the city of Tbilisi.
Apartments and Private Houses Register Broad Gains
In Q1 2025, apartment prices rose by 2.2% quarter-on-quarter, while prices for private houses increased by 1.8%. Year-on-year, apartment prices climbed by 10.9%, and private house prices jumped 13.5%.
Median Price per Square Meter by District (New Apartments):
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Mtatsminda – ₾6,769
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Vake – ₾5,880
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Chugureti – ₾4,456
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Saburtalo – ₾4,297
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Didube – ₾4,025
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Krtsanisi – ₾3,979
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Nadzaladevi – ₾3,866
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Isani – ₾3,819
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Gldani – ₾3,652
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Samgori – ₾3,528
Median Price per Square Meter by District (Private Houses):
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Mtatsminda – ₾4,687
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Vake – ₾4,138
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Didube – ₾3,858
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Saburtalo – ₾3,567
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Isani – ₾3,172
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Chugureti – ₾2,954
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Krtsanisi – ₾2,903
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Samgori – ₾2,780
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Nadzaladevi – ₾2,767
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Gldani – ₾2,767
Mtatsminda and Vake continue to command the highest prices across both segments, reflecting their central locations and sustained demand among premium buyers. Meanwhile, outlying districts such as Gldani, Nadzaladevi, and Samgori offer more affordable options, with square meter prices under ₾3,000 in the private house category.
The data points to continued momentum in Tbilisi’s housing market, supported by a combination of urban migration, limited land supply in high-demand districts, and ongoing residential development.
