Tbilisi (GBC) - TBC Capital has released a Tbilisi residential real estate survey, which shows that a total of 3,627 apartments were sold in the Tbilisi real estate market in November 2025, an increase of 2% year-on-year. The total number of apartments sold in the 11 months of 2025 shows a 3% year-on-year increase.

In November 2025, according to TBC Capital’s analysis, the selling price per square meter was $1,342, an increase of 4% year-on-year, and a decrease of -0.4% compared to the previous month.

In the same month, the market volume amounted to $316 million (+5% year-on-year).

In November 2025, the rental price per square meter amounted to $10.1, down 12% from November last year.

As for yields, TBC Capital writes that the indicator amounted to 8.3%, down 1.4 percentage points from the same month in 2024.

In November 2025, the number of new apartments sold in Tbilisi decreased by 35% year-on-year to 553. The number of old apartments sold amounted to 3,074, up 13% year-on-year. The share of new apartments in the total number of apartments sold amounted to 15%.

"TBC Capital" also writes that in November 2025, the largest share of apartments sold was again occupied by apartments with an area of ​​​​50 to 75 sq.m. Their share increased by 5 pp compared to November last year and amounted to 47% of total sales, as for apartments with an area of ​​​​75 to 125 sq.m., the share decreased by 2 pp annually, to 19%.

Apartments with an area of ​​​​more than 125 sq.m. occupied the smallest share of total sales, 4%.

In addition, in November 2025, apartments in the price category of $1,200-1,500 per square meter accounted for the largest share of apartments sold, while in November 2024, the largest share was occupied by apartments in the price category of $900-1,200 per square meter. The shares of higher price categories, $1,500-1,800 and $1,800, increased by 3 and 4 pp respectively in annual terms.

According to the research of "TBC Capital", in November 2025, the largest number of transactions was again recorded in Didi Digomi. In terms of the number of apartments sold, the highest annual growth was recorded in Samgori (45%, y/y), followed by Krtsanisi (42%, y/y). The smallest annual increase is recorded in Chugureti.

The highest average sale price is in Mtatsminda and Vake. The highest annual increase in average sale price was recorded in Nadzaladevi (+11%, y/y).