Source:bpn.ge
Apartments in Tbilisi have increased in price by 58% over five years
In May 2022, the weighted average price of 1 m² in the capital was $ 817. By May 2026, it had already reached $ 1,291.
This is not a one-time spike or the effect of a single quarter. It is an indication of how the Tbilisi market itself has changed over several years: demand has grown, the average transaction size has increased, more expensive projects have entered the market, and real estate in the capital has increasingly come to be seen as a full-fledged instrument for preserving capital.
According to Colliers, in May 2026 alone, 3,787 residential apartments were sold in Tbilisi — 13.1% more than a year earlier.
Prices are rising both in older housing stock and in new developments. In older projects across the city, growth reached 16%. In new projects, the primary market increased by 14.9%, while the secondary market added 5.5%.
What is especially significant, however, is not only the increase in the price per square metre, but also the growth of the overall market volume. Over five years, it rose by almost 90%: from $ 176 million in May 2022 to $ 333.8 million in May 2026.
For buyers, this is an important signal: Tbilisi is becoming more expensive, but the market remains active. Demand here is driven not only by investors, but also by real urban life — work, education, business, long-term rentals and relocation.
For buyers, this is an important signal: Tbilisi is becoming more expensive, but the market remains active. Demand here is driven not only by investors, but also by real urban life — work, education, business, long-term rentals and relocation.
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