Econometric Analysis of Apartments for Rent in Tbilisi

The housing sector is one of the most important parts of the country's economy, so a comprehensive analysis of the real estate market is necessary for the implementation of the relevant policy and the effective distribution of resources. The purpose of the paper is to use regression analysis methods to identify how the various characteristics of the apartment affect the rental price in Tbilisi. The use of an econometric approach in the study of rental prices for residential apartments is important not only from a practical but also theoretical point of view. The study uses both quantitative and qualitative variables. As a result of the study, it was revealed that the rental prices of the apartment are significantly affected by the overall area of the apartment and the proximity to the metro. This study will be useful for users who are trying to select the optimal apartments. The results of the study will also be of interest to developers and policymakers.