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Real Estate Market Highlights

GEO real property market grew by 10.6% in 2017 in comparison with 2016. Annual increase was observed in all quarters, with the highest jump in Q2, 14.2% (QoQ) and 20.0% (YoY). TBS, with 40.7% share in total sales in 2017 dominated the GEO real property market. TBS market was followed by Ajara …

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Higher Fees on Building Licenses Will Raise Real Estate Prices

Real Estate

The Georgian Parliament is preparing to discuss a legislative initiative by the ruling Georgian Dream coalition. If the parliament adopts the bill under discussion, building license fees will rise several times over. Amendments to local fees will be made. The bill was developed by Tbilisi City Hall and the document …

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In 2019 Modern Shopping Centre Floorspace will Exceed that of Bazaars

Retail floorspace supply accelerates and Tbilisi remains Georgia’s primary contributor,- says the report prepared by the global real estate service company’s local representation Colliers International Georgia together with Enterprise Georgia. In 2017, the total volume of retail floorspace in Tbilisi, Batumi, and Kutaisi amounted to 1.42 million sq m, reflecting a 12% …

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Top Five Development Companies In Tbilisi

Tbilisi’s residential market research 2017, prepared by the global real estate service company’s local representative Colliers International Georgia and Enterprise Georgia, revealed the top five developers in the capital: The ranking was determined based on the total residential area each of them built or managed during construction since 2015. Though Dirsi has been involved in only …

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m2 May Complete Unfinished Development Projects of Center-Point

m2 Real Estate and Center-Point company have signed a preliminary agreement, under which if Center-Point fulfills certain terms within 6 months, M2 will launch construction works in unfinished complexes of Center Point and complete the works in 3 years. According to m2 plan, if the agreement conditions are fulfilled, m2 …

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Airbnb will Compete with Small and Medium Size Hotels in Georgia

Airbnb, an American company which operates an online marketplace and hospitality service for people to lease or rent short-term lodging, successfully develops its business in Georgia, Property Georgia reports. 5678 apartments were listed on Airbnb from Tbilisi in 2016 while this number almost doubled in 2017 and made 9679. The market research …

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M2 Real Estate to Build Hotel in Telavi

The 3rd of April, 2018 – m2 Real Estate company plans to build a 130-suite hotel in Telavi, Kakheti Region, in two years. The company plans to develop  attractive space for tourists, local residents  and Georgian citizens, in general. m2 has already bought a 8512 square meter territory, where old …

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Stalinist Architectural Buildings: Report by Colliers International Georgia

Colliers International Georgia continues to publish short reports about residential projects across Georgia, today’s spotlight is Stalinist Architectural Buildings.  Stalinist Building Project Construction period: 1930-1955 Number of floors: 2 – 6 (with exception of 10) Construction material: mainly brick Ceiling height: 3, 2-4, 3 m. Elevator: none Façade: luxurious In …

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Apartments in Khrushchev Projects Hold 4% in Tbilisi

In 1947-51, the urbanization of the former Soviet Union increased the demand for building compact residential buildings in a short period of time, Colliers International Georgia publishes Statistics. In 1950, at the congress of architects in Moscow, chaired by the head of the Moscow City Party Committee Khrushchev, it was …

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Tbilisi to Host Real Estate Exhibition Area Expo 2018

On March 30, 31 and April 1, Expo Georgia will host real estate exhibition-sales Area Expo 2018. More than 100 development companies will participate in the event and they will introduce their projects to visitors. Representatives of commercial banks will ensure access to the product, in case of interest. The …

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