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Real Estate

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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Company M2 Real Estate Purchased Hotel in Gudauri

 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 …

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Vincente Wolf – Bringing Manhattan in Tbilisi Gardens

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 …

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How Safety Norms Are Controlled in Construction

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 …

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Real Estate Market Highlights

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 …

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Higher Fees on Building Licenses Will Raise Real Estate Prices

Real Estate

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 …

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In 2019 Modern Shopping Centre Floorspace will Exceed that of Bazaars

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% …

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Top Five Development Companies In Tbilisi

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 …

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