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Real Estate

Quantity of Real Estate Registration Transactions Grows

According to official information from National Agency for Pubic Registry (NAPR), in May 2018 the number of real estate registration transactions rose 10.5% year on year and constituted 77 954 units all over Georgia. The month of May has recorded evident growth compared to the same month in 2014-2017 years: …

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Pictures of Exotic Glamping Hotel in Ambrolauri

One of the most exotic hotels is located in Ambrolauri.  The photos of the hotel are impressive and it’s radically different from other accommodations located in any regions of Georgia. The hotel’s owner, in the rooms of minimalist design, has an emphasis on comfort and view. All rooms have kitchen …

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Government Returns 45 million GEL of Property to Owners

The government of Georgia has given back property worth 45 million GEL to their owners. These properties were expropriated by the previous regime, Thea Tsulukiani, nominee for the Justice Minister’s position, said at the Parliament’s committee hearing on June 18. “Sometimes they joke that only vehicles were returned. We have …

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Regus to Open New Office in Georgia at Business Center BCV

Regus, the world’s office service provider, successfully assesses the first year of operation  and opens a new business center. After Tabidze 1, the Regus business center will be located on Vazha Pshavela, at BCV. Regional Manager of the company, Rusudan Chakvetadze, speaks about Regus local market development at Property Georgia. …

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Real Estate Market Highlights in Georgia

The GEO real property market grew by 0.1% (QoQ) in Q1 2018, in comparison with Q4 2017. The annual increase was more pronounced at 27.2% (YoY), in comparison with Q1 2017. TBS, with a 41.6% share in total sales in Q1 2018, dominated the GEO real property market. The TBS …

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Resort Complex Akhtala Sold for 3,76 Million GEL

Recreational, resort complex “Resort Akhtala” was purchased by “Global Victory Georgia”. The company sold it for 3,76 million GEL at conditional electronic auctions. The investor will allocate 12 million GEL in the hotel complex. Within the framework of the project, there will be built open and closed type swimming pools, …

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Seven New Hospitality Projects in New Gudauri

Many people already know that a new, modern skiing village is being built in Gudauri, 120 km away from Tbilisi, at an altitude of 2196 m above sea level. Development firm Red-Co became interested in developing Gudauri back in 2012. Having purchased a 50 ha plot of land in the resort, the …

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Paradise is Found in kaprovani by the Black Sea

How many times have you dreamed of being in a fairy-tale place you have seen only in advertising clips? I know that you think that such a paradise is far from you, expensive and inaccessible. However, I have to tell you that I have not gone through so much of …

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Will the Tbilisi Mayor’s Decision End the Khrushchovka Era?

Tbilisi Mayor Kakha Kaladze has announced plans to replace so-called “Khrushchovka” residential buildings. Kaladze made a statement during a government meeting several days ago. The current plan calls for the full replacement of failing buildings in Quarters 6 and 8 of Verketili Third Massif, as well as moving residents from …

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