According to Geostat's official data, a total of 4991 permits were issued in January-June (1.0% more compared to the same period of the previous year) for construction of buildings with the total area of 3520,9 thousand m2.
The study conducted by the SS.ge showed that demand for the real estate in the prestigious central districts of Tbilisi fell by 23%, while demand for rent increased by 49%.
We expect growth to pick up throughout the year.
Introducing Multifunctional Complex 'Alliance Privilege' with Five Star Marriott Hotel and Premium Class Apartments
Located on the most prestigious seaside spot on the world-renowned Batumi Boulevard, the 54-store multifunctional complex Alliance Privilege offers you not only premium-class apartments but also the five-star Marriott Hotel.
Another brand Hotel Holiday Inn opened with the support of TBC in Telavi. The 85-room hotel is located in the center of Telavi and receiving guests have already begun.
Global Promotion Group is pleased to present you the next event in sunny Batumi – GREIMS Batumi - a private real estate, investment and migration show, which will be held on 22-23 of June.
In April 2019, the average price of three-star hotels in Georgia amounted to 123 GEL, while the average price of 4-star hotels - 215 GEL.
TBC Capital renews Tbilisi Residential Property Research according to the first quarter transactions of 2019.
Wyndham Hotels & Resorts, the hospitality powerhouse with nearly 9,200 hotels in more than 80 countries, has recently opened the Wyndham Grand hotel in Tbilisi, Georgia.