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Tag Archives: real estate

Tbilisi Business Centers Pass First Classification under International Standards

Real estate international consulting companies Colliers International Georgia and Cushman&Wakefield Georgia have carried out classification of modern business centers by joint initiative. The project has covered 71% of 34 modern business centers represented on Tbilisi market (total office space of 192 000 square meters). Business centers were classified based on …

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Georgia, Azerbaijan and Germany Expand Cooperation on Real Estate Management

Azerbaijan, Georgia and Germany have discussed the prospects of state property management, the possibility of attracting investment in privatization and exchange of experience in this field. The meeting, held in Tbilisi on July 21, was attended by Chairman of Azerbaijan State Committee on Property Issues Karam Hasanov, Head of Georgia National Agency of …

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Quantity of Real Estate Registration Transactions Grows

According to official information from National Agency for Pubic Registry (NAPR), in May 2018 the number of real estate registration transactions rose 10.5% year on year and constituted 77 954 units all over Georgia. The month of May has recorded evident growth compared to the same month in 2014-2017 years: …

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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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