Tbilisi house prices up 5.9% year on year

The residential property price index rose by 1.5% in the third quarter of 2026 compared with the previous quarter, and by 5.9% year on year. According to the National Statistics Office (Geostat), the index is 66.2% higher than the 2020 average.

Geostat said the index covers only Tbilisi and only the new-build housing market, including both apartments in multi-storey buildings and private houses.

Quarter-on-quarter, third-quarter house prices climbed 2.7%, outpacing a 1.2% rise in apartment prices.

Compared with the third quarter of 2025, prices rose in both segments: by 5.6% for apartments and 7.0% for private houses.

Mtatsminda was the most expensive district for apartments, at GEL 7,004 per square metre, followed by Vake at GEL 6,046. Prices in other districts were: Krtsanisi GEL 4,635, Saburtalo GEL 4,444, Didube GEL 4,168, Chughureti GEL 4,121, Isani GEL 4,032, Nadzaladevi GEL 3,932, Gldani GEL 3,830 and Samgori GEL 3,657.

Regarding houses, Vake was the most expensive district at GEL 4,517 per square metre, closely followed by Mtatsminda at GEL 4,430 and Chughureti at GEL 3,637. Further down the scale, prices sat at GEL 3,543 in Saburtalo, GEL 3,448 in Didube, and GEL 3,213 in Isani. The lowest rates were recorded in Gldani (GEL 2,993), Krtsanisi (GEL 2,961), Samgori (GEL 2,839), and Nadzaladevi (GEL 2,798).