Tbilisi Residential Real Estate – June 2025

In June 2025, sales on the secondary market continued to rise, reaching the highest level in 6M25, while the primary market declined m/m after a rebound recorded in May. The reason for divergence between the two markets could be price difference, since buyers have become more price-sensitive. On the supply side, the living area of issued permits increased in June, though cumulatively, permit issuance remained slightly down in 6M25. Meanwhile, average prices increased across both markets, following a modest decline in May.