Sales of new apartments in Tbilisi declined in September, while sales of old apartments increased significantly, resulting in an overall 13% rise in total transactions.

According to TBC Capital’s Residential Real Estate Market Review, a total of 3,869 apartments were sold in the capital during September, marking a 13% year-on-year increase. The total market volume reached $319 million, up 15% compared to the same month last year.

TBC Capital notes that the growth was partly influenced by postponed official registrations from the previous month due to public holidays, which were reflected in the September data.

Over the first nine months of 2025, the total number of apartments sold in Tbilisi rose by 2% year-on-year.

Sales of new apartments fell by 16% year-on-year in September, totaling 611 units, while old apartment sales surged by 21%, reaching 3,258 units. As a result, the share of new apartments in total sales dropped to 16%.

The most popular size category remained 50–75 square meters, accounting for 46% of total sales, up from last year, while larger apartments of over 125 square meters represented just 3%.

More than half of the apartments sold in September were priced above $1,200 per square meter, and 32% were priced above $1,500. Compared to September 2024, the share of apartments priced above $1,500/sq.m and those between $1,200–1,500/sq.m rose by 9 and 7 percentage points, respectively.

By district, Didi Digomi recorded the highest number of transactions, while Krtsanisi posted the strongest annual growth at 92%. Vake and Mtatsminda continued to hold the highest average selling prices—exceeding $2,000 per square meter—whereas Samgori recorded the lowest, at $1,027 per square meter.