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Tag Archives: real estate

Alliance Palace Qualifies Third Place at Foreign Real Estate Awards

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Multifunctional real estate development Alliance Palace (Batumi, Georgia) represented by “S.A. Ricci residential real estate” qualified for the Top-3 short-list in the “Foreign Real Estate” category in Recordi Awards (Russia). Leaving behind over 20 competitors, the project joins 2 other developments after popular vote and the jury vote. Alliance Palace …

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King David Launched New Mortgage Product with Bank of Georgia

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On May 15, 2017, the Austrian company “Rezid Holding GMBH” and the Bank of Georgia signed memorandum of cooperation on the multi functional complex “King David.” The new conditions of cooperation under this agreement make it more convenient to purchase a premium class residence in the skyscraper. In frames of …

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Georgia’s Real Estate Market Rose by 20.2% in 2016

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The fourth report has been published as part of Real Estate Laboratory (REM Lab), a joint project of TBC Bank, ISET research institute and JumpStart. In 2016 Georgia’s real estate market recorded a significant upturn (up 20.2% year on year) and the number of transactions marked 89 120 units. Tbilisi …

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Prices of Office Spaces in Tbilisi – Most Prestigious and Expensive Business Centers

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Cushman & Wakefield Georgia, a real estate consulting company, has published an office market report on recent trends and outlook estimations. Economic activity still remains fragile, but stabilization signs have appeared. According to the report, Parliamentary elections have brought uncertain environment and affected market creditworthiness and expectations. Number of employees …

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The Urgent Need for Retail Planning Policy in Tbilisi

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The retail sector in Tbilisi is entering a period of unprecedented dynamics. The long-awaited entry of H&M, the recently announced closure of Smart supermarkets and an increasing number of modern shopping centre projects are among the most significant events. On the demand-side, a recent survey by Colliers revealed a shift …

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GDG: Real Estate will Rise in Value

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Development sector has staged sharp criticism because of introduction of advancement payment of VAT tax. Only these changes cannot improve the current situation in the development sector and new regulations will bring negative effect. Prime cost of real estate spaces will grow because of this regulation. GDG development company director …

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