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Real Estate

Property Travel: A New Undertaking by Property Georgia and Duda Travel

The real estate hub Property Georgia and travel agency Duda Travel have established Property Travel – a new platform for investors and tourist groups. The joint service package includes in-demand products such as: Organising transfers for business delegations and tourist groups between arrival/departure points and premium hotels/apartments; Organising informative tours about real estate; Organising informative tours …

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Rehabilitation of Houses Built by Germans in XIX Begins in Asureti

Infrastructural projects are underway in the village of Asureti in Tetritskaro municipality. At this stage the first phase of rehabilitation of Shvabebis Street in Asureti is completed. The first phase provided construction of pavement, arrangement of waterproof concrete cavities, rehabilitation of fences and gates, sewage network, cleaning facilities and street …

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Radisson Collection Welcomes Georgia’s Historic Tsinandali Estate

Radisson Hotel Group is excited to announce the signing of the first Radisson Collection hotel in Eastern Europe and Russia. Radisson Collection – Tsinandali Estate will start soft opening period in September and open its doors officially in October 2018 in the iconic wine region of Kakheti, Georgia. True to …

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Residential Flats Transaction Volume Increased by 41% in Tbilisi

According to a snapshot carried out by global real estate services company residential flats transactions increased by 37% in Tbilisi in the first quarter of 2018 (Q1, 2018) compared to the same period in 2017. At the same time, the share of new-build flats was 60%, 6 percentage points higher …

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New Regulation on Real Estate Valuation

A new regulation regarding real estate valuation will come into force on 1 June. The decree on Real Estate Valuation Instructions for Commercial Banks was approved by the President of the National Bank of Georgia on 14 May. The project, which was initiated in January 2017, involved commercial banks, representatives from international …

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Colliers International Prepares 7 Investment Proposals for Privatization Project

In agreement with the Entrepreneurship Development Agency-Enterprise Georgia under the Ministry of Economy and Sustainable Development, a global real estate services company Colliers International Georgia developed investment proposals for large state-owned properties in Georgia. The project covered seven properties at various locations including Akhtala health resort, Goderdzi mountain, Kobuleti and Libani spa resort. The project …

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Hotel Industry Development component – Host in Georgia

The new Hotel Industry Development component of the state program ‘Produce in Georgia’ has already noted huge successes. Entreprise Georgia already supported 44 business entities, with a total investment volume of 128.7 million GEL and based on these 44 new hotels, more than 1,300 people will be employed and an additional 1,300 new rooms will be added to the Georgian …

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Hotel Infrastructure to be Arranged Near Tbilisi Airport

Hotel Infrastructure will be arranged near Tbilisi Airport. The stater is already looking for an investor to build a hotel. In order to develop tourism infrastructure, the National Agency of State Property has presented 12 563 sq.m existing property by Tbilisi Airport for sale at electronic auction within the project:  …

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