Real Estate

 Company “m2 Real Estate” announces the purchase of the hotel in the winter resort Gudauri. M2 invested 7.2 million USD for total operation. ”BK Construction” will carry out 134-room hotel construction. According to plan, hotel will host first guests at the beginning of winter season of current year. The development …

Vincente Wolf, Interior Designer: “you’re living in a garden and not in an apartment building on the street.” His signature style is known all over the world and his company has been at the top of the Manhattan design industry for over 35 years. Vincente Wolf’s most recent challenge has …

Property Georgia interviewed Roma Bedoshvili, Head of Project and Building Consultancy Department, Colliers International Georgia. – New constructions are being intensively implemented in the cities of Tbilisi and Batumi. Does the construction and development sector manage to maintain safety norms? Increase of intensity of constructions in Georgia is directly related to the expansion …

GEO real property market grew by 10.6% in 2017 in comparison with 2016. Annual increase was observed in all quarters, with the highest jump in Q2, 14.2% (QoQ) and 20.0% (YoY). TBS, with 40.7% share in total sales in 2017 dominated the GEO real property market. TBS market was followed by Ajara …

The Georgian Parliament is preparing to discuss a legislative initiative by the ruling Georgian Dream coalition. If the parliament adopts the bill under discussion, building license fees will rise several times over. Amendments to local fees will be made. The bill was developed by Tbilisi City Hall and the document …

Retail floorspace supply accelerates and Tbilisi remains Georgia’s primary contributor,- says the report prepared by the global real estate service company’s local representation Colliers International Georgia together with Enterprise Georgia. In 2017, the total volume of retail floorspace in Tbilisi, Batumi, and Kutaisi amounted to 1.42 million sq m, reflecting a 12% …

According to the overview carried out by global real estate services company, the number of properties listed on Airbnb grew significantly by 70% from 5,678 in 2016 to 9,679 in 2017. The Average Daily Rate (ADR) for Tbilisi’s Airbnb amounted to USD 43. In 2017, 50% of listings were provided …

Tbilisi’s residential market research 2017, prepared by the global real estate service company’s local representative Colliers International Georgia and Enterprise Georgia, revealed the top five developers in the capital: The ranking was determined based on the total residential area each of them built or managed during construction since 2015. Though Dirsi has been involved in only …

m2 Real Estate and Center-Point company have signed a preliminary agreement, under which if Center-Point fulfills certain terms within 6 months, M2 will launch construction works in unfinished complexes of Center Point and complete the works in 3 years. According to m2 plan, if the agreement conditions are fulfilled, m2 …

Airbnb, an American company which operates an online marketplace and hospitality service for people to lease or rent short-term lodging, successfully develops its business in Georgia, Property Georgia reports. 5678 apartments were listed on Airbnb from Tbilisi in 2016 while this number almost doubled in 2017 and made 9679. The market research …

The 3rd of April, 2018 – m2 Real Estate company plans to build a 130-suite hotel in Telavi, Kakheti Region, in two years. The company plans to develop  attractive space for tourists, local residents  and Georgian citizens, in general. m2 has already bought a 8512 square meter territory, where old …

Colliers International Georgia continues to publish short reports about residential projects across Georgia, today’s spotlight is Stalinist Architectural Buildings.  Stalinist Building Project Construction period: 1930-1955 Number of floors: 2 – 6 (with exception of 10) Construction material: mainly brick Ceiling height: 3, 2-4, 3 m. Elevator: none Façade: luxurious In …