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:
182 447 €
Flat in Tbilisi, Georgia
112 sq.m321
Residence
A newly built 2+1 apartment for sale in the Vake area, 150 meters from the Mziuri Park next to the Ch highway. Amirejibi. The distance to the city center does not exceed four kilometers.
The apartment has been renovated from high-quality materials. The kitchen furniture is made to order, there are all necessary appliances for a comfortable...
BD Group
117 861 €
Flat in Tbilisi, Georgia
68 sq.m211
Residence
Newly built apartment for sale in an ecologically clean area of Krtsanisi, near the historical center of the city. The layout is 1+1, with an area of 68 m2, with a spacious loggia offering magnificent views of the city. The designer renovation is made of high-quality materials. The kitchen set is made to order. There are all necessary household...
An apartment for sale, in a house under construction, which is for rent in June 2024, in a white frame. The layout is 2+ 1, with a total area of 70 m2.
The new residential complex is located in the Saburtalo district, in an actively developing part of it.
The apartment is sold in a white frame condition. You will be able to realize all your...
For sale a cozy 2+1 apartment in a prestigious new complex in the central part of Saburtalo.
Features:
- 2 spacious bedrooms for a comfortable stay
- Spacious studio kitchen for pleasant evenings with family and friends
- Large balcony with magnificent views of the city to enjoy morning coffee or evening sunsets
Location:
- Developed...
BD Group
114 600 €
Flat in Tbilisi, Georgia
66 sq.m211
Apartment for sale in Tbilisi in Saburtalo district on Universitetskaya street
An apartment for sale in the residential complex Green hill residence with an area of 66.20m2
Two Rooms, one bedroom, large balcony, bathroom - 2nd/8th floor
The apartment remains furnished and equipped
The Greenhill complex has many advantages, one of the...
Buona Realty
337 300 €
Flat in Tbilisi, Georgia
113 sq.m322
Apartment for sale in Tbilisi in Ortachala district on Grigol Volsky street
Apartment for sale area: 113m2
Three rooms, two bedrooms, two bathrooms - 2nd/6th floor
Apartment for sale in Krtsanis Villa for residents of a premium residential building, complete new design renovation, Alice smart home system can be used to control lighting,...
Buona Realty
77 540 €
Flat in Tbilisi, Georgia
61 sq.m21
Apartment for sale in the residential complex "Dona Palace Ortachala" near the Kura embankment
In a great location - opposite the multifunctional Pineo clinic, 10 minutes by bus or car to the old town, 20 minutes by car to the airport.
Secondary, 1+1 with renovated furniture and appliances
61 m2
4th floor (high)
It is perfect for...
BD Group
48 349 €
Studio in Tbilisi, Georgia
32 sq.m111
Studio for sale on Guramishvili Ave., within walking distance from the Grmagele metro station.An excellent investment offer. The studio has a high-quality renovation, has all the necessary furniture and household appliances. Developed infrastructure. The metro is 3 minutes away. It is suitable for both living and renting.
BD Group
100 346 €
Flat in Tbilisi, Georgia
71 sq.m321
Cozy 2+1 apartment for sale in the Nadzaladevi district, ul.Dadiani. New renovation, non-residential. The house is newly built, put into operation. The 13th floor of a 15-storey building. 2 independent bedrooms, one with a balcony. One room combined with a kitchen area. The total area is 71m2. Within walking distance from Nadzaladevi metro...
BD Group
130 600 €
Flat in Tbilisi, Georgia
60 sq.m211
One-bedroom apartment for sale in Tbilisi in Saburtalo district on Universitetskaya street
Apartment in the Greenhill Residence complex
60m2, 5/8 floor, high-quality furniture and appliances
The complex has its own courtyard, a park and a recreation area as well: a beauty salon, an aesthetics center, a cafe-bar
The cost is 142,000USD –...
Buona Realty
86 663 €
Flat in Tbilisi, Georgia
43 sq.m211
One-bedroom apartment for sale ,studio-type living room.New renovation.,with furniture and appliances.5 minutes to the red garden and central Park.10 minutes walk to Delisi metro station. 15 minutes to City Mall.Commercial facilities, shops, banks are located nearby.The area of the apartment is 43 m2. It is located on the 12th floor. Good...
BD Group
191 570 €
Flat in Tbilisi, Georgia
135 sq.m32
The house is 10 years old.2+1,8/9 , 135 m2. two balconies
BD Group
365 000 €
Penthouse in Tbilisi, Georgia
398 sq.m643
Online Viewing
Bagebi, Tskneti highway 22, built in 2011, renovated with the best Spanish materials in 2015. Floor 11-12, 402 sq.m. 6 rooms, 4 bedrooms, 1 master bedroom, 3 bathrooms - 1 with jacuzzi. 2 balconies and 1 veranda 102 sq.m. Ecologically clean environment and beautiful views.
Private person
82 101 €
Flat in Tbilisi, Georgia
73 sq.m32
For sale a bright and cozy apartment with a new renovation, with 2 bedrooms and a separate kitchen. The apartment has a large entrance hall, a spacious living room, a dining area and 2 balconies facing different sides of the house. Furniture and appliances are partially left to the new owner.
The house is located in the 6th microdistrict of...
BD Group
282 794 €
Flat in Tbilisi, Georgia
119 sq.m32
An apartment for sale in the prestigious Vake district on Avaliashvili street
Area: 119 m2
Bedrooms: 2
Price: $310,000
The apartment is located in one of the most prestigious areas of Tbilisi, Vake, on a quiet Avaliashvili street. This area is characterized by a calm atmosphere, green streets and well-developed infrastructure. An ideal...
BD Group
103 995 €
Flat in Tbilisi, Georgia
75 sq.m32
A spacious apartment for sale in Didi Digomi on Mirian Mepe street!
Specifications:
Area: 75 m2
Bedrooms: 2
Floor: 4th
Price: $114,000
This cozy apartment is located in one of the best areas of Didi Digomi. The convenient location makes it an excellent option for both living and renting. The area has a well-developed infrastructure...
BD Group
59 752 €
Flat in Tbilisi, Georgia
47 sq.m21
Cozy apartment of 47 m2 for sale in Didi Digomi!
An ideal option for those who appreciate peace and comfort! Located on the 2nd floor in a building with an elevator, the apartment is located on Fatmani Street, near the Toyota center. This is a quiet and green area, ideal for relaxing from the hustle and bustle of the city, while all the...
BD Group
89 399 €
Flat in Tbilisi, Georgia
51 sq.m32
Apartment for sale in Saburtalo, in a quiet area. The road from the house goes both to Bagebi and Politkovskaya. Newton School is within walking distance.
2nd / 4th floor
2+1
All furniture and appliances remain in the apartment. There is one bedroom, the second room has been converted into an office, there is a small but very spacious...
BD Group
109 469 €
Flat in Tbilisi, Georgia
84 sq.m211
An apartment for sale in a picturesque, ecologically clean area of Tbilisi - Krtsanisi!!!
A cozy 2-room apartment with a separate kitchen, 2 balconies, each with stunning views of the city and mountains!
Cosmetic repairs are required.
The area has developed infrastructure: supermarkets, cafes, children's institutions, a hospital.
BD Group
84 838 €
Flat in Tbilisi, Georgia
90 sq.m3
An apartment in a white frame for sale in the Didi Digomi area on Agmashenebeli Avenue!
Area: 90 m2
Floor: 3rd
Number of bedrooms: 2
Price: $93,000
An ideal option for those who want to create a home of their dreams! A spacious apartment in a white frame, ready for redevelopment and finishing according to your taste.
Advantages:
2...
