"Real Estate Prices Won’t Increase Much From 2025" - Leo Chikava
The demand for real estate in Georgia remains high.
Redix Opens Ethno Boutique Hotel "Samzeo" in Kvareli with a ₾40 Million Investment
Lasha Papashvili's real estate and investment management company, Redix, is set to open its new ethno boutique hotel, "Samzeo," in Kvareli.
Tbilisi Sees $1.7 Billion in Apartment Sales Over Seven Months
In the first seven months of 2024, more than 22,000 apartments were sold in Tbilisi, totaling $1.7 billion in sales, according to a report by investment bank Galt & Taggart.
Batumi Real Estate Market Slows Down: Sales Drop by 15% Year-on-Year
According to a report published by Galt & Taggart, the Batumi real estate market experienced a slowdown in the first half of 2024, with a total of 7,041 apartments sold—a 15% decrease compared to the same period last year.
Silk Real Estate Issues First 1-Year, 7 Million Euro Public Bonds in Local Market
Silk Real Estate, a leading name in Georgia’s real estate management and hospitality sector, has successfully launched its first public bond issuance denominated in euros.
Decline in Apartment Sales in Tbilisi and Batumi Amid Rising Prices
Apartment sales in Tbilisi and Batumi have experienced a downturn due to escalating real estate prices, although the rate of price increases has decelerated recently.
In February 2024, Tbilisi Sees $258.8 Million in Apartment Sales, Fueled by Primary Market Growth
Tbilisi's real estate market saw the sale of 3,444 apartments in February 2024, marking a modest year-on-year increase of 0.9% following a 6.3% annual increase in January, as reported by Galt & Taggart in their February 2024 review.
EU Candidate Status Could Boost Real Estate Market by 10-15%, Says Industry Expert
Zurab Eristavi, founder of Eristavi Estates, in a conversation with Business Partner, indicated that achieving EU candidate status could potentially lead to a 10-15% surge in the real estate market.
Silk Development Partners with Acclaimed Architect Kengo Kuma for the Silk Towers Project in Batumi
Associates to realize the Silk Towers project. The contract between the company and the architecture studio has already been settled.