Tbilisi Residential Market: Monthly Watch

6 Sep, 2021
  • Moderating though still strong rebound
  • Transaction activity remains sizeable in July, following a significant improvement in the previous month
  • July 2021 shows the highest number of sold apartments, compared to the same month of previous two years
  • Sales are up significantly in Didube, while Saburtalo and Chughureti still fall behind their 2019 level
  • Tbilisi’s rental yield stood at 7.4% in July, remaining unchanged compared to previous month
  • Average price of residential properties in Tbilisi posted an increase in July YoY; Moreover, rental rates showed an improvement as well
  • Tbilisi Airbnb market is gradually recuperating; Market revenue is up significantly
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