Developers predict that the Georgian real estate market will become more active this year. George Kapanadze, Axis Director-General makes the optimistic forecast in the air of radio “Commersant” just like Archi Group Director.
According to him, in 2014 this business experienced aprogress. All objects were financed and the company will fullypay off all obligations in 2015.
Kapanadze notes that in 2014 Axis started new projects, including those which have not yet been announced, and the company intends to make statements regarding them in January.
In his words, the company’s new projects are focused on porches that are offered to consumers as a gift in two new facilities. In the words of George Kapanadze, the consumer is actively using this offer and, as a result, December was the best month in the Axis’ history in terms of sales.
As for mortgage loans, Axis CEO states that the interest rate went down, and if we compare the most successful 2007 and the first half of 2008 when a 16-17% mortgage loan was common, today 10% and 9% don’t surprise anyone.
“So, the situation has significantly changed, which increases the demand for our product,” – George Kapanadze adds.
According to him, the company introduced the “Technologies of the future” project within which utility costs will fall by half through the use of modern furnishing materials and glass.