Tbilisi (GBC) – Apartment prices in Tbilisi have shown significant growth over the past year, with newly constructed apartments in the city’s broad central areas experiencing the largest increase. According to recov.ge data, in November 2025, the average weighted sale price of new apartments in Tbilisi rose 9.9% in the suburbs, 10% in the city center, and 22.8% in broad central areas compared to November 2024.

On the primary market, newly built apartments in broad central areas saw a 24% increase, largely due to delayed registration of transactions by developers. On the secondary market, prices in these areas rose 20.1%, which recov.ge attributes to fewer transactions and the introduction of recently completed, high-end projects.

Across the city, the average weighted price of primary market transactions increased 13.3%, while the secondary market rose 10.1%.

For existing apartments, the average weighted price increased 12% in the suburbs, 18.4% in broad central areas, and 2.5% in the city center. The broad central area growth was mainly driven by transactions in Chugureti and Isani, with certain high-value projects skewing the average. Without these outliers, the growth in broad central areas would have been 8.8%.

In November 2025, Tbilisi recorded 3,773 residential apartment transactions, marking a 2.2% increase compared to November 2024. The total market value grew 12%, reaching $299 million USD.

Regarding new projects, transaction volume increased 4% year-on-year. On the primary market for new apartments, transactions were nearly unchanged, up only 0.2%, while the secondary market saw a 9.6% increase. Meanwhile, transactions in older projects declined 3.9%.

The data reflects a strong demand for centrally located and newly built apartments, as well as a continuing shift towards the secondary market driven by high-end developments in Tbilisi’s broad central districts.