Tbilisi Residential Real Estate Market: Prices, Rentals, and Investment Yields
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Tbilisi Apartment Prices Averaged $1 373 per sq. m in September — TBC Capital
In September 2026, 4 254 apartments were sold in the capital. This figure is 10% higher than in the same period last year, and the total market volume reached $387 million, with annual growth at 17%.
According to TBC Capital's Tbilisi residential real estate market review, the average apartment sale price per square metre rose by 3% year-on-year in September to $1 373.
The number of transactions on the secondary market increased by 13% (3 496 apartments). Sales in new-builds decreased by 3% (758 apartments), accounting for an 18% share of total sales.
According to TBC Capital, a total of 34 434 apartments were sold in Tbilisi in January–September, with the market volume reaching $3 061 million (+23%).
Didi Dighomi (988 apartments) and Saburtalo (705 apartments) led in transaction volume in September, while the highest average sale prices were once again recorded in Mtatsminda ($2 336/sq. m) and Vake ($2 143/sq. m).
Regarding building permits, in the first nine months of 2026, the residential area under permits issued in Tbilisi dropped by 10% year-on-year to approximately 854 thousand sq. m; the decrease was primarily driven by Isani, Gldani, and Didi Dighomi. In terms of residential area, the largest share of permits was issued in Nadzaladevi and Didi Dighomi (17%), followed by Saburtalo (15%).