Prices for apartments in Tbilisi by districts - official data

2023/01/78909-1674802347.jpg
Read: 1424     14:00     27 ЯНВАРЬ 2023    

In the infographic you will find out the median price per 1 square meter in newly built buildings in Tbilisi for the fourth quarter of 2022.

According to new data from the National Statistics Service, the annual price index for new housing for the reporting period was 14.3%. Compared with the annual average of 2020, the price index for new housing in the fourth quarter increased by 24%.

According to a study by Geostat, the average price in the fourth quarter of 2022 for one square meter of black frame in new buildings in the city was GEL 2,595, white – 2,882, and green – 3,199.

In the fourth quarter of 2021, the prices were as follows: black frame – GEL 2,210 per square meter, white frame – GEL 2,600, and green frame – GEL 2,950.

The price index is an important indicator of macroeconomic and financial stability, it is most often used by the National Bank of Georgia and private developers.

It serves, on the one hand, to assess the development and risks of the real estate market, and on the other – to establish and assess the links between the real estate market and financial stability.

The exchange rate of the GEL in relation to the US dollar on January 26 is 2.6491 GEL/$1.





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Prices for apartments in Tbilisi by districts - official data

2023/01/78909-1674802347.jpg
Read: 1425     14:00     27 ЯНВАРЬ 2023    

In the infographic you will find out the median price per 1 square meter in newly built buildings in Tbilisi for the fourth quarter of 2022.

According to new data from the National Statistics Service, the annual price index for new housing for the reporting period was 14.3%. Compared with the annual average of 2020, the price index for new housing in the fourth quarter increased by 24%.

According to a study by Geostat, the average price in the fourth quarter of 2022 for one square meter of black frame in new buildings in the city was GEL 2,595, white – 2,882, and green – 3,199.

In the fourth quarter of 2021, the prices were as follows: black frame – GEL 2,210 per square meter, white frame – GEL 2,600, and green frame – GEL 2,950.

The price index is an important indicator of macroeconomic and financial stability, it is most often used by the National Bank of Georgia and private developers.

It serves, on the one hand, to assess the development and risks of the real estate market, and on the other – to establish and assess the links between the real estate market and financial stability.

The exchange rate of the GEL in relation to the US dollar on January 26 is 2.6491 GEL/$1.





Tags: