Tbilisi's housing boom drives record apartment sales in early 2026
Tbilisi's residential real estate market has seen strong growth in early 2026. Apartment sales rose by 20.4% in February compared to the same month last year, with both new and older properties in high demand. The total market value of residential real estate in the city also climbed sharply, reaching $311 million—a 34.4% increase from February 2025.
Sales of newly built apartments led the surge, jumping by 21.7% in February. Older residential projects also saw a 15.7% rise in transactions, indicating broad demand across the market.
Prices followed the upward trend. In the primary market, newly built apartments in central districts became 15.1% more expensive, while suburban areas saw a 9.1% increase. Wider central zones experienced an 8.2% rise in new-build prices. The secondary market also grew, though at a slightly slower pace. Older apartments in central areas rose in price by 11.6%, compared to 8% in suburban districts and 4.8% in the wider centre. Overall, average prices for existing properties increased by 8.5% year-on-year. When broken down by location, the highest price growth occurred in central districts. Newly built apartments there saw a 14.7% rise, while secondary market prices grew by 8.2%. The wider centre and suburbs recorded more modest but still significant increases.
The latest figures confirm a robust expansion in Tbilisi's housing market. Both sales volumes and property values have risen sharply, with central areas experiencing the steepest price gains. The trend reflects sustained demand across new and older residential segments.
