In November 2024, Tbilisi’s residential real estate market saw a notable increase, with 3,739 apartments sold, reflecting an 11% year-on-year growth. According to the real estate research, this rise in sales highlights a strong demand in the city’s housing sector, fueled by both local and foreign buyers.
The report also indicates that prices have risen across both new and old developments. The price hikes are attributed to growing demand, limited housing supply, and rising construction costs. The upward trend suggests that Tbilisi’s real estate market remains competitive, with both newly constructed and older apartments experiencing price increases.
Overall, the market’s positive performance in November signals continued growth in Tbilisi’s residential sector, with strong buyer interest expected to persist in the coming months.
