

Factors that determine the price of your apartment
Determining the price of an apartment depends on several important factors, including economic, social, and technical aspects. Taking all of this into account, it is a process that is not only related to trends in the housing market, but also to the location of the apartment, its condition, infrastructure, and other external factors.
The increase in population migration to large cities, for example to Tbilisi, plays an important role in price formation. In large cities, where demand is high, prices are increasing (Batumi is also such).
The greatest influence on the price of an apartment is its location (an average of 60% of respondents in different countries name it as the first priority). If the apartment is located in the city center, close to developed infrastructure and public transport, its price will be significantly higher than that of the same type of apartment, which is far from the city center. This issue is also very individual, some prefer to live away from the center in an environment free from the noise of the city, while others value the prestige of the district more. In Tbilisi, we can consider Bagebi, which is one of the most sought-after and at the same time ecologically clean districts, as such a district.
The value of an apartment is significantly affected by its area; large, spacious, and bright apartments with well-organized space are in high demand. Also, the layout of the apartment's rooms, the state of repair, and functional details - such as storage rooms, balconies, and parking - are also important factors.
There is a direct relationship between the general economic situation and real estate market trends. If a country is experiencing economic growth and the population has high incomes, housing prices may increase. However, during economic crises or in the case of inflation, prices often decrease because many people are no longer ready to invest (for example, the global economic crisis of 2008).
The proximity of an apartment to shops, restaurants, entertainment and shopping centers, and public transportation can lead to an increase in prices. As the infrastructure and social environment in an area develops, buyers choose these locations more often, which obviously increases demand and prices.
In the real estate market, supply and demand directly affect prices. If there are many available apartments on the market, but buyers are less interested, prices fall. On the other hand, if the number of residential properties is limited, and demand is high, prices rise. Currently, in the capital, in parallel with demand, apartment prices continue to grow steadily.
The price of an apartment depends on many factors that can change daily. Understanding these factors will help you correctly assess the current situation and make informed decisions about buying or selling real estate.