Nino Abesadze, Otar Abesadze, Rusudan Kinkladze, Nino Paresashvili, Natalia Robitashvili, Ketevan Chitaladze

Proceedings of the 16th International Multi-Conference on Complexity, Informatics and Cybernetics: IMCIC 2025, pp. 165-171 (2025); https://doi.org/10.54808/IMCIC2025.01.165

Nino Abesadze
Department of Economic and Social Statistics, Ivane Javakhishvili Tbilisi State University, Tbilisi, Georgia

Otar Abesadze
Department of Management, Georgian National University, Tbilisi, Georgia

Rusudan Kinkladze
Department of Tourism and Marketing, Georgian Technical University, Tbilisi, Georgia

Nino Paresashvili
Department Management in the Global Environment, Ivane Javakhishvili Tbilisi State University, Tbilisi, Georgia

Natalia Robitashvili
Department of Economics, Batumi Shota Rustaveli State University, Batumi, Georgia

Ketevan Chitaladze
Department of Economic and Social Statistics, Ivane Javakhishvili Tbilisi State University, Tbilisi, Georgia

Cite this paper as:
Abesadze, N., Abesadze, O., Kinkladze, R., Paresashvili, N., Robitashvili, N., Chitaladze, K. (2025). Transformation of Residential Property Price in Georgia Against the Backdrop of Global Events. In N. Callaos, N. Lace, B. Sánchez, M. Savoie (Eds.), Proceedings of the 16th International Multi-Conference on Complexity, Informatics and Cybernetics: IMCIC 2025, pp. 165-171. International Institute of Informatics and Cybernetics. https://doi.org/10.54808/IMCIC2025.01.165

The residential real estate market in Georgia has experienced significant growth in recent years, driven by various changes and trends.
The article discusses the main trends in the price of residential real estate against the background of the current changes in the market of residential apartments in Georgia. In general, the determining factors of apartment prices are analyzed and an analysis of price changes according to prestigious districts and places in Georgia is given.
Accordingly, the objective of this research was to conduct a statistical analysis of price fluctuations in the residential real estate sector in Georgia.
Results: The real estate market in Georgia is attractive to both local and international investors. Investment purchases account for 32% of the demand in the market. On average, rental prices in Tbilisi have doubled. The number of building permits has been steadily increasing, and there is no significant imbalance between supply and demand. Property prices for both apartments and private houses are on the rise, with Didi Digomi and Saburtalo leading in terms of real estate sales in Tbilisi.
The average price of real estate in Tbilisi is $1,233 per square meter, representing a 42.6% increase compared to January 2022 and a 100% increase since 2020.
Several factors have contributed to this growth, including the easing of the National Bank's monetary policy, greater accessibility to mortgage loans, heightened foreign investor activity, and a rising interest in private homes. These factors have collectively led to an increase in the number of people looking to purchase properties.