Georgia's Residential Property Price Index rose 4.9% year-on-year in Q2 2026, with prices now 63.8% above the 2020 average, the National Statistics Office shows. Annual growth in that period is estimated to have peaked at 35-40% in 2022 before moderating to 15-20% in 2023 and 8-10% in 2024. 0.9% QoQ annualizes to approximately 3.6%, which is below the 4.9% annual rate. This means the pace of price growth in recent quarters has been slower than the year-ago average - confirming that deceleration is ongoing rather than having bottomed out. The compound annual growth rate since 2020 is 8.6%, which over six years has produced a 63.8% cumulative appreciation.