The prices of real estate in Tbilisi continue to rise due to buyer demand.

According to data from the National Statistics Service of Georgia, real estate prices increased by 13.1% in the second quarter of 2023 compared to 2020. Apartment prices rose by 27.8%, while private house prices increased by 29.2%.

It should be noted that the statistics pertain only to Tbilisi and include only the market for new residential real estate, such as apartment buildings and the segment of private houses.

In the second quarter of 2023, apartment prices increased by 3.4%, while private home prices rose by 1.6%.

The opportunity to purchase real estate remains high in the capital and Vake-Saburtalo.

On average, the cost of a new residential apartment per square meter is 5,167 lari in Tbilisi and 2,718 lari in Samgori. As for private houses, the cost per square meter in Tbilisi is 3,776 lari, while in Gldani it is 1,955 lari.

It should be noted that the statistics take into account the prices of apartments in lari, and their increase has significantly outpaced the growth in dollar terms, indicating that real estate prices in dollars have increased significantly in percentage terms.