According to the report of the real estate consulting company Cushman & Wakefield, in 2020 there was a tendency to purchase land plots near Tbilisi and near Mtskheta, which may continue in 2021.
DOMUS development company plans to build a new residential-commercial complex in Vake, Chavchavadze Avenue N 31, near Guramishvili Monument.
In 2020, the number of residential project transactions in Tbilisi and Batumi declined.
The development of Tbilisi suburbs is gaining momentum. New shopping malls, fitness clubs, large-scale residential complexes are actively developed at the outskirts of Georgia’s capital city.
The USA-incorporated real estate brokerage company Glint Property will be oriented on the Georgian market.
Construction works carried out by Anagi Development at the Ambassadori Kachreti hotel complex near Tbilisi are coming to an end.
G&T Study: Real Estate Prices due to Tbilisi Districts In September 2020, real estate sales rose by 14.9%, the Galt & Taggart real estate study for 3Q20 reads.
m2 development company will resume the construction of the Olympic Star residential complex in 2 weeks.
Prices of offices will further decline, according to the forecast by Colliers International Georgia.