⚡ALERT !!! Are you ready for Georgian Real Estate market shift? February 2025

ALERT !!! Are you ready for Georgian Real Estate market shift?

The housing market is evolving fast! Mortgage rates and home prices are fluctuating, and buyer hesitation is growing—December 2024 saw a 2.3% drop in pending home sales (National Association of Realtors). Whether buying or selling, staying informed is key.

Georgian Real Estate Market Trends: What’s Happening in Tbilisi and Beyond?

The real estate market in Georgia has seen dynamic shifts—booming in 2022-2023, slowing down, and then stabilizing. In 2024, transactions jumped 13% compared to the previous year despite economic fluctuations, with Tbilisi’s property values rising by 6.5%. Foreign buyers, making up over 20% of deals, fueled demand in hotspots like Tbilisi, Batumi, and Kutaisi.
However, 2025 started slow, and challenges persist—political instability and rising construction costs are slowing sales and rentals, while affordable housing becomes scarcer. Rental prices, however, remain lower than in 2023..

What Does This Mean for You?

• Buyers: A slowing market could mean better deals.

• Sellers: Price growth may cool down, making strategic timing crucial.

• Tenants: This is a good time to upgrade your property by changing existing one or negotiating the price after your contract comes to an end.

• Landlords: its a time to make a good offer to be rented faster than your competitor.