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Colliers International Predicts Decrease in Lease price in Tbilisi

According to the General Director of Colliers International Georgia Irakli Kilauridze, the fluctuation rate affects in the real estate market , however, prices are stable on the market today.

“The average price of the newly built real estate market in Tbilisi is around $ 600 and the price of the secondary market is about $ 550,” said Kilauridze.

Kilauridze points out that the decrease in the price is particularly started on A class business centers and one of the reasons Kilauridze names is King David’s entry.

“King David’s average price is $ 23-24, which allowed customers to move from other business centers, and new customers get a better lease of real estate.Of course all of them conditioned the price decrease in other centers, that have lower standards. I think, mentioned tendency will continue, as ”Axis” will join the market this current year. ”