Tbilisi Residential Real Estate – January 2026

2026 started with a strong demand for developers, with sales increasing on the primary market, while declining on the secondary market. This divergence was also reflected in pricing dynamics: primary market prices continued to rise, while weaker secondary market activity led to a slight decline. On the supply side, the living area of issued permits continued falling for the 4th month in a row, signaling a gradual normalization after previously elevated levels.