Tbilisi (GBC) - In the fourth quarter of 2022 the Residential Property Price Index (RPPI) in Georgia increased by 5.5 percent compared to the previous quarter, while the annual increase amounted to 14.3 percent. Compared to the 2020 average, the index change amounted to 24.0 percent.

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

In the fourth quarter of 2022 a price increase compared to the previous quarter was registered both in flats (3.8 percent) and detached houses (8.9 percent) segments. Compared to the fourth quarter of 2021, the prices increased in both segments, for flats by 12.5 percent and for detached houses by 18.0 percent.

The following graph represents the median prices of 1m2 in the newly-built residential properties in the fourth quarter of 2022 in Tbilisi, by districts.