Adjara Group announces the development of a new project in the historic resort of Abastumani.
It is difficult to promote development projects under standard loan conditions”, real estate expert Shota Gujabidze noted. Standard mortgage loans make the construction process more expensive, he said.
According to the National Statistical Office, in the second quarter of 2019 the construction sector declined by 4.6%.
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National Statistics Office of Georgia has issued a review on Georgian tourism industry. According to the review, the number of rooms in Georgian hotels has increased by 8% during the 2018.
Hotel with 72 suites will be built at the Ilia Lake, Kvareli.