Real Estate

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 …

 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 …

Choice Hotels, one of the largest  Hotel groups globally, operating four hotel brands in more than 35 countries has found new market for its hospitality business expansion. The group conducted independent market study on tourism development and strategy in Georgia and identified the country as a potentially interesting market for …

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. …

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 …

Instability regarding the exchange rate of the national currency has caused problems for the real estate business. The devaluation of the Lari has diminished the capacity of potential buyers to conduct purchases in foreign currency, leading to delays in their decision to purchase real estate. It should also be noted that a large part (more …

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 …

Buy an Apartment and We will Accomplish It with Premium Class Equipment, besides You will Enjoy New Year Discount Schemes. Arakishvili Residence complex offers gifts and discount schemes for the coming New Year. Customers, who will buy an apartment in the complex, will receive a full set of premium-class German …

LISI Development company has obtained two awards at International Property Awards in 2016. The company has gained victory in the following nominations:  Highly commended – 1) Mixed use Development Georgia and 2) Highly commended – Residential Development Georgia Lisi Tower. International Property Awards was founded 20 years ago and it …

Tbilisi real property market slowed down, but with 3 199 market transactions recorded in October 2016, it remains much more active as compared to October 2015. During the last 10 months (January-October, 2016) 605 new buildings with total area of 1 202 828 sq.m have been supplied to the real …