In Jan-25, apartment sales in the projects of selected developers continued declining (-7.5% y/y). Secondary market apartment sales stood at 1,363 indicating 9.3% y/y decrease.

Price per square meter on the primary market remained flat m/m at US$ 1,319. 

Total market value of apartments sold in Tbilisi stood at US$ 242.2mn, up by 5.7% y/y. 

Price for renting an average apartment (50-60 m2) in Tbilisi stayed flat at US$ 9.7 per m2. 

Total living area of issued permits decreased sharply, reaching 71,296 m2 (-46.1% y/y).