In May, the average selling price of developers in Tbilisi was $1112 - where were the most expensive apartments

In May 2023, the sale price of real estate increased by 26.8% annually in dollars and by 8.2% in GEL, although it did not change monthly (apartments on the primary and secondary markets). Information is published by Galt&Taggart.

The average selling price of developers in the primary market in Tbilisi was 1,112 USD (+27.9% y/y) and traditionally the most expensive apartments were in Vake and Mtatsminda.

According to the May 2023 Tbilisi Residential Real Estate Review, the size of the Tbilisi residential real estate market grew by 16.6% year-on-year to $243.4 million, with the biggest impact being on sales by developers in the primary market.