Georgia’s economy grew 6.9%, while construction contracted

Georgia's real GDP increased by 6.9% year on year in the second quarter of 2026, according to preliminary Geostat figures released on 18 September. Construction moved in the opposite direction: its real value added fell by 4.8%. Real estate activities grew by 4.9%.

Different measures, different questions

These are measures of economic activity, not apartment-price changes. The real estate activities category should not be read as an index of residential sale prices. Nor does a national construction decline establish that a specific development has stopped or that a particular neighbourhood faces a shortage.

For someone considering a home in Georgia, the contrast is useful context. It makes clear why a broad economic headline needs to be paired with local evidence. A purchase decision still requires a look at comparable properties, the progress of the building and the practical costs of owning it.

Where an off-plan buyer faces exposure

The gap between economic growth and weaker construction matters particularly before a building is complete. A sales presentation may cite a strong national economy, but handover depends on the work and resources of the individual developer. National growth cannot establish that a paid construction stage has actually been completed.

Completed homes and unfinished projects need different evidence

For a completed home, documents, building condition and comparable transactions matter most. For an unfinished project, examine payment sequencing, documented milestones and the provisions for delayed handover. This distinction is more useful than deriving a universal buy-or-wait instruction from quarterly GDP.

A 4.8% fall in construction value added does not mean that completed apartment numbers fell by 4.8%. Work performed, housing completions and resale supply are different datasets. This release therefore cannot establish an approaching apartment shortage in Batumi or Tbilisi.