Real Estate Market in Tbilisi Has Reached New Highs
November 25, 2022
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The number of housing transactions in Tbilisi increased by 33.7%, and sales prices increased by 27.6% year–on-year to $1,040 per sq.m.
According to TBC Capital Bank, the number of housing transactions in October 2022 in Tbilisi increased by 33.7%, and sales prices increased by 27.6% year-on-year to $1,040 per sq.m. Every month, the number of transactions increased by 7%, and sales prices increased by 7.2%.
Rent. As expected, the impact of the second wave of migration on rents was reflected in the data for October. The requested rent broke its record, reaching the highest mark. Compared to September 2022, the growth was 24.9%, and compared to the same period in 2021, the indicator increased by 120%.
As rental prices rose faster than sale prices, rental yields increased to 13% in October 2022. This is 1.8 percentage points more every month and 5.5 percentage points higher on an annual basis.
Types of housing. In October 2022, 784 new apartments were sold in Tbilisi, which is 27.7% more than in the same period last year. Older apartments showed even higher growth year-on-year, exceeding the 2021 figure by 35.3%. Interestingly, every month, sales of new residential properties increased by 18.3%, and old apartments only by 4.6%, which indicates that demand for new properties increased more.
Districts. In October 2022, the number of transactions was higher compared to October 2021 in all districts except Mtatsminda (-9%). Chugureti (+78%), Krtsanisi (+59%), and Isani (+58%) were among the TOP 3 districts with the highest annual growth in transactions.
Saburtalo (19%) still ranks first in the total volume of residential real estate transactions, followed by Didi Digomi (17% of the total), while Krtsanisi, Chugureti, and Mtatsminda remain at the end of the list, accounting for about 7% of the total volume of transactions.
Sales prices surpassed 2021 in all districts, and year-on-year growth rates reached double digits. The most significant year-on-year increase in sales prices was observed in Mtatsminda (+38%), Saburtalo (+35%), and Nadzaladevi (+23%).
In October 2022, rental yields were unprecedented in most areas, the top three included: Didi Digomi (18.9%), Gldani (16.3%), and Samgori (16%).
Examples of properties for sale in Tbilisi:
68 765 €
Flat in Tbilisi, Georgia
62 sq.m211
Online ViewingRemote Transaction
ORTACHALA Residential Complex, TBILISI!
A modern residential complex located in old Tbilisi in the Ortachala district, next to a park and a green area separating residents from the bustling city. At the same time, the complex is located in the city center in a green ecologically clean area.
A complex of 1700 apartments on the territory of...
The White Square Mindeli is a new residential complex located in the Saburtalo district of Tbilisi, on Dzotsi Street 2. This expansive development from White Square (W2) consists of six blocks and will offer a mix of two 14-story buildings, a 15-story building, and three 22-story buildings. Each of these buildings will offer over 100 individual...
The White Square Mindeli is a new residential complex located in the Saburtalo district of Tbilisi, on Dzotsi Street 2. This expansive development from White Square (W2) consists of six blocks and will offer a mix of two 14-story buildings, a 15-story building, and three 22-story buildings. Each of these buildings will offer over 100 individual...
Apartment in the very center of Tbilisi (at the intersection of the two most popular districts of Saburtalo and Vake)
10 min from Vake Park
5 min from City Mall and Vazha Pshavela Metro Station
* 22A Politkovskaya str.
*New housing
*high-quality repairs and equipment
*63 m2
*1 bedroom
* 10th floor in the 12th floor
Invest Cafe
163 443 €
Flat in Tbilisi, Georgia
98 sq.m321
Residence
A cozy two-bedroom apartment for sale in Krtsanisi! The renovation was completed 8 years ago, but the apartment is in excellent condition. Three balconies, the apartment is sold with furniture and appliances. Stunning views from the Windows on three sides of the house. The price includes underground Parking. It is located in an ecologically...
BD Group
98 805 €
Flat in Tbilisi, Georgia
60 sq.m211
Residence
I am selling a two-room apartment in the prestigious m3 complex, in a green frame. It is located in the central part of the Saburtalo district. The view from this beautiful apartment overlooks the city and the mountains. In addition to the residential area, the territory includes educational, sports, recreational and entertainment...
BD Group
183 758 €
Flat in Tbilisi, Georgia
64 sq.m211
Residence
The area is 64.1 m2, 1+1 layout with stunning views of the historical center of Tbilisi.
The designer renovation, made of high-quality materials, creates a bright, cozy space. The apartment has all the necessary appliances for a comfortable stay (dishwasher, oven, roomy refrigerator, hob, air conditioning, TV).
The residential complex is...
BD Group
216 077 €
Flat in Tbilisi, Georgia
75 sq.m321
Residence
The area is 75.5 m2, 2+1 layout with stunning views of the historical center of Tbilisi.
The designer renovation, made of high-quality materials, creates a bright, cozy space. The apartment has all the necessary appliances for a comfortable stay (dishwasher, oven, roomy refrigerator, hob, air conditioning, TV).
The residential complex is...
BD Group
89 755 €
Flat in Tbilisi, Georgia
54 sq.m211
In an ecologically clean, prestigious area of Krtsanisi. A one-bedroom apartment (1+1) is offered for purchase in the Margaliti residential complex under construction from the developer Apart development. The developer company has several bright, dissimilar projects in various interesting locations in the city of Tbilisi.
The complex consists...
For sale a non-residential apartment 1+1 with a newly renovated area of 50 square meters, 100 meters from the Gosuniversitet metro station, at the intersection of Politkovskaya and Kavtaradze streets, in a super-modern residential complex, concierge service, round-the-clock security and video surveillance. there is Parking on the ground floor of...
For sale is a two-bedroom 2+1 apartment with an area of 70.7 square meters, on the second floor in the Mtatsminda district in Stalinka. The very heart of Tbilisi, all the sights are within walking distance. The house is located on the right embankment of the Kura River. The apartment is sold with furniture and appliances. Nearby there is the...
For sale a luxury apartment with designer renovation in the Saburtalo area in a new house with an area of 170 square meters, three bedrooms and a living room with a kitchen, two bathrooms. The apartment is located on the twentieth floor, which offers a magnificent view of Tbilisi. The renovation is made of high quality materials, new built-in...
BD Group
159 057 €
Flat in Tbilisi, Georgia
53 sq.m211
Residence
Multi-storey multifunctional residential complex on Vazha Pshavela Avenue, two minutes from the metro station "Medical University".
Vazha Pshavela Avenue, located in the heart of Tbilisi, is a very popular area known for its bustling urban atmosphere, well-designed and convenient streets, easy access to public transport, constantly improving...
Rentsale
66 090 €
Flat in Tbilisi, Georgia
53 sq.m211
A new residential complex in the historical district of Tbilisi.
The location is on a beautiful hill surrounded by pines and fir trees, with panoramic views of the Old Town and the main beauties of Tbilisi.
The residential complex has convenient transport and commercial infrastructure nearby. My favorite entertainment is the cable car, which...
Rentsale
461 704 €
Flat in Tbilisi, Georgia
167 sq.m323
An apartment for sale in the old town on Polikarp Kakabadze street. The total area is 167 square meters, 16 square storeroom on the floor. Three bathrooms, two bedrooms, living room, kitchen. The renovation is made of expensive Italian materials. Built-in appliances, German plumbing, parquet. The pearl of this apartment is the view of the city...
BD Group
66 485 €
Flat in Tbilisi, Georgia
60 sq.m321
3rd / 12th floor
2+1, you can redevelop the apartment into 1+1, the balcony overlooks the courtyard. There is a storage room for 3 apartments on the floor. There is a coffee shop in the house, a kindergarten and a fitness center across the street. Goodwill is a 5-minute walk away, there is a bus stop nearby.
BD Group
156 979 €
Flat in Tbilisi, Georgia
68 sq.m211
An apartment with designer renovation is for sale, in the very center of the Saburtalo district. Ave. Street Vazhi Pshavela, 71 - Redix residential complex.
The apartment is equipped on a turnkey basis - underfloor heating and air conditioning in each room, the kitchen is equipped with all necessary equipment - dishwasher, oven, refrigerator,...
BD Group
66 485 €
Flat in Tbilisi, Georgia
37 sq.m
Rental property
2nd / 2nd floor
Spacious, bright apartment 1+1, 37 sq.m. (separate kitchen and studio) The apartment has been redecorated, after which no one lived. There is a basement of 17 sq. m. The property is ideal for renting. The house is located exactly in the middle between Rustaveli Avenue and Mtatsminda fanicular. There is a park area 20 meters...
BD Group
133 894 €
Flat in Tbilisi, Georgia
55 sq.m211
A stylish apartment for sale in the elite Vake district in the prestigious Outlook Vake complex.
The apartment has one bedroom, a spacious living room, a bright kitchen, a wide balcony.
