Georgia construction costs up 6.0% in year to September 2026, homes 0.7%
Georgian construction costs rose 6.0% over the year to September, but residential building rose only 0.7%; non-residential buildings rose 10.2% and civil works 9.4%.
The facts
- Construction in Georgia cost +6.0% more in September 2026 than a year earlier, and 2.3% more than in August, on the construction cost index the National Statistics Office of Georgia published on 6 November 2026.
- Residential construction moved least of the three segments, up 0.7% over the year and 0.8% over the month, against annual rises of 10.2% for non-residential buildings and 9.4% for civil works.
- Transportation, fuel and electricity costs rose 25.9% over the year and contributed 2.99 of the 5.96 percentage points of total annual change, roughly half of the headline on their own.
- Construction materials rose just 1.0% over the year and contributed 0.59 percentage points to the annual change.
- Wages drove the monthly move, rising 7.3% against August and contributing 1.45 of the 2.33 percentage points of monthly change; over the year wages were 5.4% higher.
- The office also reports the index 32.2% above its February 2022 level.
What it means for your money
- Residential build costs rose 0.7% over the year. Construction overall rose 6.0%, so the pressure sits outside housing.
- Glopra puts the Georgian entry price at 1,737 US dollars per square metre and rent at 10.44 dollars per square metre a month. The Geostat series is a cost index in lari and does not price a finished flat.
- If you already own in Georgia, the cost of work on an existing flat follows the same inputs: materials up 1.0% over the year, wages up 5.4%. The index covers cost only, with nothing on construction volume.
What to watch
- The 7.3% monthly jump in wages is the dominant driver of the monthly figure and is one month's step, not an established trend.
- The release states no base period, no methodology note and no next publication date, and carries no provisional flag. The only caveat printed is that individual contributions may not sum to the total because of rounding.
- It measures cost, not activity. There is nothing in it on construction volume, permits or completions.
Sources: Geostat https://www.geostat.ge/en/single-news/3891; Geostat https://www.geostat.ge/media/83875/Construction-Cost-Index-in-Georgia---September-2026.pdf