The real estate sector is still one of the leading sectors of the economy. The construction and real estate sector accounts for 8-12% of Georgia's GDP. About 10,000 construction permits were issued and the size of the real estate market increased. Tbilisi City Hall suspended the construction of about 40 residential buildings and complexes. By the end of 2024, compared to the same period last year, the price index increased by 6%.

Although prices in the capital are still showing an upward trend, after the peak of 2022-2023, they are stabilizing. The volume of investments made by construction companies and the number of loans issued by banks for real estate are increasing every year.

The demand for newly built apartments is growing, but the so-called secondary apartments still do not lose their relevance (more than 15,000 old apartments were sold). The most popular districts are: Saburtalo, Didi Dighomi, Bagebi and Gldani. According to the latest data, about 40% of the apartments sold in Tbilisi fall on these four districts. This year, the average price of 1 sq.m. of an apartment in Tbilisi reaches $ 1,250. A particular increase is observed in the suburbs (about 10%), and insignificant in the center. The most expensive 1 sq.m. can be purchased in the Mtatsminda and Vake districts (including Bagebi), where the price exceeds $ 2,000.

The average rental price of 1 sq.m. of an apartment in Tbilisi is $ 10. Demand is growing, and at the same time, prices for commercial premises are also increasing. Office space rents range from $15 to $20 per square meter, and demand is for large office spaces.

In Tbilisi, the average rental price of 1 sq.m. apartment is $10. Demand is growing, and in parallel, prices for commercial space are also increasing. Office space rents range from $15 to $20 per sq.m., and demand is for large office spaces.

Batumi, as the second largest city in Georgia, is developing rapidly. Although the size of the real estate market has decreased somewhat, demand for apartments remains. Prices increased by 10% in the third quarter. The average price of 1 sq.m. apartment exceeds $1,100.

The increase in prices in the market will continue, for several main reasons: an increase in employee salaries, an increase in prices for construction materials, and others.