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Residential Property Prices in Tbilisi Rise by 5.9% Year-on-Year
In the third quarter of 2026, residential property prices in Tbilisi increased by 5.9% year-on-year and 1.5% compared to the previous quarter.
According to the National Statistics Office of Georgia (Geostat), housing prices in the capital have risen by 66.2% since 2020. Over the same period, the Consumer Price Index (CPI) increased by 39.6%.
Detached houses are appreciating faster than apartments. Between July and September, their prices climbed by 2.7% quarter-on-quarter and 7% year-on-year. Compared to the 2020 average, the increase exceeded 72%.
In the apartment segment, prices rose by 1.2% compared to the previous quarter and 5.6% on an annual basis. Over the six-year period, they increased by 63.1%.
Mtatsminda was the most expensive district in Tbilisi in terms of the median price per square meter in completed new residential developments in the third quarter of 2026, with prices exceeding GEL 7,000. Vake and Krtsanisi ranked second and third, respectively.