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Tag Archives: real estate

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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Property Travel: A New Undertaking by Property Georgia and Duda Travel

The real estate hub Property Georgia and travel agency Duda Travel have established Property Travel – a new platform for investors and tourist groups. The joint service package includes in-demand products such as: Organising transfers for business delegations and tourist groups between arrival/departure points and premium hotels/apartments; Organising informative tours about real estate; Organising informative tours …

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New Regulation on Real Estate Valuation

A new regulation regarding real estate valuation will come into force on 1 June. The decree on Real Estate Valuation Instructions for Commercial Banks was approved by the President of the National Bank of Georgia on 14 May. The project, which was initiated in January 2017, involved commercial banks, representatives from international …

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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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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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m2 May Complete Unfinished Development Projects of Center-Point

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 …

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M2 Real Estate to Build Hotel in Telavi

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 …

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Stalinist Architectural Buildings: Report by Colliers International Georgia

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 …

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Whether New Buildings Are to Be Dismantled – Developers Respond to Seismologists and Geologists

Real estate

Construction boom has overwhelmed the capital city, but the process may bring disastrous outcomes. Geologists and seismologists warn against threats that may arise after earthquakes. Problems come from chaotic and uncontrolled construction process. Specialists assert that a major part of new buildings cannot withstand even medium-power earthquake. Problem consists in …

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Regus Business World Membership Cards Offers Access to 3,000 Branches

International Office Provider REGUS has already been established in Georgia, serving customers in Tbilisi’s most prestigious, active and dynamic part of town (2 Leonidze Street, business center ‘Tabidze 1’, 4th floor,) and offers the ideal working environment. “Our global network is expanding annually. All business people need an ideal environment …

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