Data analysis on real estate in Tbilisi shows a significant increase in property prices - 1TV

According to information from the national statistics service, in the second quarter of 2023, the real estate price index increased by 3.0 percent compared to the previous quarter, and the annual growth of the index was 13.1 percent. According to Statgor, the index has risen by 28.8 percent compared to 2020.

At the same time, the real estate price index only covers the market for new residential properties, including apartment buildings and segments of cottages.

According to forecasts, in the second quarter of 2023, a price increase of 3.4 percent is expected in the apartment segment and 1.6 percent in the house segment.

Segment of apartments:

• Mtskheta - 5,167 lari
• Vake - 4,404 lari
• Krcanisi - 3,417 lari
• Saburtalo - 3,397 lari
• Chugureti - 3,284 lari
• Didube - 3,131 lari
• Nadzaladevi - 3,006 lari
• Isani - 2,917 lari
• Gldani - 2,891 lari
• Samgori - 2,718 lari

Segment of houses:

• Mtskheta - 3,776 lari
• Vake - 3,647 lari
• Krcanisi - 2,811 lari
• Saburtalo - 2,628 lari
• Chugureti - 2,622 lari
• Didube - 2,287 lari
• Nadzaladevi - 2,272 lari
• Isani - 2,170 lari
• Gldani - 2,123 lari
• Samgori - 1,955 lari

- The real estate price index increased by 3.0 percent in the second quarter of 2023 compared to the previous quarter.

- The annual growth of the index was 13.1 percent.

- Compared to 2020, the index has increased by 28.8 percent.

- A price increase of 3.4 percent is expected in the apartment segment and 1.6 percent in the house segment in the second quarter of 2023.

- Property prices compared to the second quarter of 2022 have increased by 10.6 percent in the apartment segment and by 16.2 percent in the house segment.