Tbilisi real estate prices up 13.6% in 2021
Tbilisi real estate prices up 13.6% in 2021
12:12, 26.04.2021

The Residential Property Price Index (RPPI) in Georgia increased by 2.0 percent in the I quarter of 2021 compared to the previous quarter, while the annual increase amounted to 13.6 percent. Compared to the 2020 average the index change amounted to 9.4 percent, Georgia’s National Statistics Office reported on Monday.

The RPPI covers the market of new residential property in Tbilisi, both flats and detached houses segments.

In the I quarter of 2021 compared to the previous quarter the price increase was registered in the flats segment (1.8 percent). In the same period, the prices increased also for detached houses (2.6 percent), GeoStat noted.

Compared to the I quarter of 2020 there was a notable price increase for detached houses (18.3 percent). With regard to flats, prices increased by 12.0 percent, the agency added.



By - Marika Kartozia

Economics
real estate in Tbilisi
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