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Real Estate

Prices of Office Spaces in Tbilisi – Most Prestigious and Expensive Business Centers


Cushman & Wakefield Georgia, a real estate consulting company, has published an office market report on recent trends and outlook estimations. Economic activity still remains fragile, but stabilization signs have appeared. According to the report, Parliamentary elections have brought uncertain environment and affected market creditworthiness and expectations. Number of employees …

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L.S.A Company Buys Real Estate in Tbilisi at 2.4 million GEL


One of the companies of Jimi Chkhaidze, the founder of Askaneli Brothers company, has bought a real estate in Tbilisi by auction. The real estate is located at Sandro Euli Street N7 and it unites 1925 square meter and 2604 square meter land plots. GreenLand company has bought the real …

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The Urgent Need for Retail Planning Policy in Tbilisi

Tbilisi Mall

The retail sector in Tbilisi is entering a period of unprecedented dynamics. The long-awaited entry of H&M, the recently announced closure of Smart supermarkets and an increasing number of modern shopping centre projects are among the most significant events. On the demand-side, a recent survey by Colliers revealed a shift …

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Real Estate on Rustaveli Avenue Goes for 2.31 million GEL


 State Property National Agency has sold a real estate on Rustaveli Avenue in Tbilisi. The property located at N28 Rustaveli Avenue was sold by auction for 2.310 million GEL. The real estate of 729 square meter space is located opposite to State Opera. As reported, earlier the highest stage of …

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Understanding the Real Estate Index

Real Estate Index

Real Estate Market Lab (REM Lab) is a joint project of TBC Bank, ISET Research Institute and JumpStart. The goal of the project is to research and analyze the Georgian Real Estate Market on a regular basis. Three publications have already been published as part of the project three publications. …

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GDG: Real Estate will Rise in Value


Development sector has staged sharp criticism because of introduction of advancement payment of VAT tax. Only these changes cannot improve the current situation in the development sector and new regulations will bring negative effect. Prime cost of real estate spaces will grow because of this regulation. GDG development company director …

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Development Business – Positive and Problematic Year of 2016

Development business

The year of 2016 has brought quite positive results for Georgian development business. Despite GEL depreciation created certain problems, the field representatives appraise the current year as a quite attractive and active period in terms of sales and many other aspects. Though, there were a lot of problems too, but …

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