As of mid-April 2026, the latest official snapshot of Tbilisi’s housing market shows that price growth is still in place. According to Geostat, Georgia’s residential property price index increased by 1.5% quarter-on-quarter and 3.3% year-on-year in the fourth quarter of 2025. Apartment prices rose by 3.5% over the year, while private house prices increased by 2.5%. In other words, the market did not turn downward at the start of 2026. It continued to move upward, although at a noticeably calmer pace than in the stronger quarters of 2025.

📊 Looking specifically at Tbilisi, the most expensive districts for newly built apartments remain firmly in the upper price segment. In the fourth quarter of 2025, the median asking price per square meter in new developments was:

— Mtatsminda: GEL 6738, or approximately USD 2501 per sq. m
— Vake: GEL 5874, or approximately USD 2,180 per sq. m
— Chugureti: GEL 4353, or approximately USD 1615 per sq. m
— Saburtalo: GEL 4313, or approximately USD 1601 per sq. m

🏠 The picture is similar in the private housing segment. Geostat recorded the highest prices in the following districts:

— Mtatsminda: GEL 4594, or approximately USD 1705 per sq. m
— Vake: GEL 4311, or approximately USD 1600 per sq. m
— Saburtalo: GEL 3504, or approximately USD 1301 per sq. m
— Didube: GEL 3369, or approximately USD 1250 per sq. m

🌆 Even with annual growth slowing to 3.3%, Tbilisi’s most expensive locations have not lost their positions. This indicates that solvent demand in premium districts remains intact. It is especially telling that Mtatsminda and Vake continue to lead both in the apartment segment and in private houses. For investors, this usually points to stronger demand resilience in central and prestigious locations, even when the overall market is no longer expanding as rapidly as before.

🏘 At the same time, Tbilisi remains a highly uneven market. In more affordable districts, prices are significantly lower. For newly built apartments in the fourth quarter of 2025, the median price stood at GEL 3,731 in Gldani and GEL 3,549 in Samgori, which is approximately USD 1,385 and USD 1,317 per sq. m respectively. The gap versus Mtatsminda is nearly twofold, which means that district selection still determines both the entry budget and the likely demand profile.

🔍You can explore property in Tbilisi based on your budget and investment goals on our website.