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.
According to a study by the global real estate services company Colliers International Georgia, 3,117 transactions were registered in Tbilisi in October 2020, which is 5% less than the same period last year.
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.
The coronvirus pandemic has caused a number of changes in the real estate market. One of the major challenges facing commercial spaces is that employers are slowly leaving.