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The GEO real property market grew by 2.4% in Q3 2018, in comparison with Q2 2018. While the annual increase was more pronounced at 24.3% (YoY), in comparison with Q3 2017.

Tbilisi dominated the real property market with a 44.4% share in total sales in Q3 2018.

The Tbilisi market was followed by Ajara and Kakheti, with a 10.1% and 8.7% proportion of GEO sales, respectively. The highest annual increase (YoY) in sales was observed in Racha-Lechkhumi and Kvemo-Svaneti (70.1%), Samtskhe-
Javakheti (44.4%), and Tbilisi (37.7%).

In Q3 2018, TBS had an annual growth of 37.7% in real property sales, while the market outside TBS began to catch up and grew by 15.4%.

More than half of GEO sales were registered in the two largest cities: TBS & BAT.

Details

The GEO real property market grew by 10.1% in Q2 2018, in comparison with Q1 2018. The annual increase was more pronounced at 22.7% (YoY), in comparison with Q2 2017.

TBS, with a 44.0% share in total sales in Q2 2018, dominated the GEO real property market.

The TBS market was followed by Kakheti and Ajara, with a 10.2% share in GEO sales for both regions. The highest annual increase (YoY) in sales was observed in Racha-Lechkhumi and Kvemo-Svaneti (120.0%), Mtskheta-Mtianeti (57.6%), and Tbilisi (35.8%).

In Q2 2018, TBS real property sales grew annually by 35.8%, and overall, the market outside TBS caught up and grew by 14.0%. More than half of GEO sales were registered in the two largest cities: TBS & BAT.

Details

The GEO real property market grew by 0.1% (QoQ) in Q1 2018, in comparison with Q4 2017. The annual increase was more pronounced at 27.2% (YoY), in comparison with Q1 2017.

TBS, with a 41.6% share in total sales in Q1 2018, dominated the GEO real property market.

The TBS market was followed by Kakheti at 11.1%, and Ajara, with a 9.9% share in GEO sales. The highest annual increase (YoY) in sales was observed in the Racha-Lechkhumi&Kvemo Svaneti (105.0%), Guria (66.9%) and Kakheti (31.7%) regions.

In Q1 2018, TBS real property sales grew annually by 37.1%, and overall the market outside TBS caught up and grew by 21.0%.

More than half of GEO sales were registered in the two largest cities: TBS & BAT.

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