Real Estate

The issue of ownership of noncore assets by commercial banks maintains relevance. Besides Georgia, many other countries have been monitoring involvement of commercial banks in various noncore activities for many years. These countries have set various restrictions. Thus, this issue is relevant in   many other countries, not only in Georgia. …

The fourth report has been published as part of Real Estate Laboratory (REM Lab), a joint project of TBC Bank, ISET research institute and JumpStart. In 2016 Georgia’s real estate market recorded a significant upturn (up 20.2% year on year) and the number of transactions marked 89 120 units. Tbilisi …

It is necessary to renew the extract to record real estate information in Blockchain. According to the agency of public register, recording information about real estate in Blockchain global network started on 20th of February and it is important for more security of the information, where deleting data, changing it and …

Colliers International Georgia will hold meetings with funds, financial institutions and developers to attract finance. MIPM, the largest and the most significant exhibition of International Real Estate will take place in Cannes, France from 14 till 17th of March. It will gather the most influential players of expo industry, developers, experts …

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 …

In 2016 additional 57 000 beds appeared in Georgia’s hotel industry and year on year growth made up 20%, the report by Cushman&wakefield consulting company reads. At the same time, a major part of hotels are mainly located in Tbilisi and Batumi. The report also covers a growing demand in …

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 …

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 …