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Increase in prices for new buildings over 3 years

January 26, 2024

The other day a new report from the Georgian National Bureau of Statistics was released.

According to it, the average price per square meter in a new building in 2023 was almost 40% higher than in 2020. Of these, 13-14% over the past year.

The price of housing in apartment buildings rose by 37.9%, of which 12.8% over the past year.

Detached houses - 43.1%, of which 8.6% in 2023.

Source:

https://www.geostat.ge/