Although the Coronavirus pandemic has had a significant negative impact on various sectors, demand for purchasing land plots has increased.
It is planned to open a hotel under construction by GDG + at Kutaisi International Airport at the end of the year.
Apartment prices are expected to decline by 15%-20%, the resident real estate market survey by Cushman & Wakefield consulting company reads.
Foreign investment of 15 million euros will be spent on the first innovative hotel of "Green Architecture" standards in Tbilisi.
Apartment sales have shrunk by 37.6% after announcement of the state of emergency, the Galt-&Taggart report reads.
How much does the square meter of an apartment cost in Tbilisi, due to Districts and how have these prices changed in the first quarter?
After the pandemic, life will change. New inventions and standards should ensure that life is safe and enjoyable for people and profitable for business.
At the end of March 2020, the weekly hotel load in Georgia decreased by 86% compared to the same period in 2019, according to a report by Cushman & Wakefield, a real estate market consulting firm.