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Number of Transactions on Real Estate Market Increased

In June 2015, the number of transactions in the Georgian real estate market increased by 7.3% compared with June 2014.

According to official data of  the Civil Registry Agency , in June 2015 the number of registered real estate transactions increased by 7.3% in comparison with June 2014 and amounted to 49 138. Growth is observed not only in June 2014, but in  all years starting from 2011. In comparison with 2011, a growth amounted to  16.1%, in 2012 – 3.7%,  in  2013 – 17. 3%.

In addition, the number of transactions increased by 17.4% in comparison with May 2015. The growth was recorded both on  the primary (27, 7%) and secondary market (15%). The situation is similar in comparison to June 2014 – an increase of transactions in the primary market amounted to 15. 8%, on the secondary –  5, 3%. The number of transactions in the primary market amounted to 10 021,  in the secondary – 39 117.

With regard to the relationship between the primary and secondary market, in comparison with June 2014 the share of transactions in the primary market has grown and amounted to 20, 4% of the total number of real estate transactions in June 2015, while in the secondary – 79, 6%. In the same period in 2014 this  figure was 18, 9% and 81, 1%, respectively.