Record Number of Apartments Sold in Tbilisi in 2025

Primary Market Grew by 25%

According to Galt&Taggart, a total of 42,388 real estate transactions were registered in Tbilisi in 2025, amounting to $3.5 billion. After a weak start to the year, the market recovered from May onwards, and by the end of the year, demand had fully returned to previous levels. The primary market showed growth of 20–25%, while the secondary market grew by 3%.

Experts note that the supply in the market has slowed down: as of November, the number of permits issued decreased by 4% compared to 2024. This slowdown directly affected the price dynamics, which grew gradually throughout the year, but in the last months of 2025 accelerated to 0.7% per month.

According to analysts' forecasts, the decrease in the rate of permit issuance will be a key factor in maintaining annual price growth at 4–5% in 2026. The Tbilisi real estate sector, after an unstable start to the year, ended it with a strong recovery and positive sales dynamics.

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