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Construction costs in Georgia 2022-2023

January 29, 2024

Earlier this month, a fresh report from the Georgian National Bureau of Construction appeared.

Construction costs increased by 13 percent in the year and a half from February 2022 to November 2023.

At the same time, real estate prices have increased significantly.

What caused this growth? At least not by rising construction costs. Perhaps the end of COVID and the influx of tourists, perhaps an initially low base and a general global trend of interest in stable assets against the backdrop of economic and financial instability.

We will consider exact figures on the cost per square meter in future articles.

In the meantime, you can pay attention to our section /novostroyki - there are already main projects in Batumi, later we will add Tbilisi, we are already starting integrations and planning to publish the latest current prices directly from developers.

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Источник: geostat.ge