As a result of the survey conducted by the National Bank, it was established that in the second quarter of 2023, compared to the previous quarter, the price of residential real estate in Tbilisi increased. The price of one square meter of residential real estate in the city center increased by 4.7% on average, and by 2.4% in the suburbs. According to the research, a change in the real estate market caused by the significantly increased demand for real estate and the increase in construction costs. According to the surveyed experts, the price of residential real estate is expected to increase by 4.6% in the next 12 months.
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