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Real estate prices are increasing - what is happening in the market today?
11.09.2023 Share: Facebook Category: News

Real estate prices are increasing - what is happening in the market today?

Real estate prices are rising, if you own an apartment today, you are lucky because you own an asset whose price is increasing daily. Experts suggest that this trend will continue in the near future and may not change. An updated review for 2023 shows that 3,420 apartments were sold in August, which equates to a total of $187 million. In the second quarter of 2023, compared to the previous quarter, the price of apartments increased by 3.4%, and the price of private houses - by 1.6%. Compared to the second quarter of 2022, prices also increased in both segments – for apartments by 10.6%, and for private houses – by 16.2%.

Now let me introduce you

Prices according to areas:

  • In the suburbs it increased by 8%;
  • In the wider center and the city center it decreased by 3%.

Apartment segment and demand for them:

  •  Increased by 2% in the economy segment;
  •  Demand for medium-segment apartments increased by 10%;
  •  In the case of the premium segment, it decreased by 7%.

 Minimum cost per square meter according to areas:

  • Mtatsminda - 5167 GEL;
  • Vake - 4404 GEL;
  • Krtsanisi - 3417 GEL;
  • Saburtalo - 3397 GEL;
  • Chugureti - 3284 GEL;
  • Didube - 3131 GEL;
  • Nadzaladevi - 3006 GEL;
  • Isani - 2917 GEL;
  • Samgori - 2718 GEL;
  • Gldani - 2891 GEL.

There are many ongoing and completed projects in Tbilisi today, development companies take into account the needs of users and create a space that will give people the opportunity to live peacefully and harmoniously. Alpha Home also gives you the opportunity to become a resident of our project in the two most sought-after areas of Gldani and Dighomi.

Didi Dighomi - the neighborhood closest to the Tbilisi exit, the development of which changes and develops every day, that's why if you often have to travel to the west and are looking for a quiet neighborhood, this is the most convenient location for you. "Alpha Home" in Petre Iberi N30 offers a residential complex consisting of 4 (five) 12 (twelve) storey buildings and 1 (one) 14 storey building. It is an ecologically healthy and comfortable environment, in which a square will be made, a stadium will be arranged, trees will be planted, benches will be placed and a green space - alley will be made.

Gldani is a suburb that can even be considered a separate small town. This is a place whose everyday life, planning, architecture, greenery are overlooked by many. "Alpha Home" in Sheshelidze No. 18 offers a residential complex that includes 2 (two) 26 (twenty-six) storey buildings and includes 416 apartments. According to the general plan and dendro project, a green space will be arranged near the territory, 2 (two) squares will be made, a stadium will be arranged, and trees will be planted.