In March 2022, compared to the previous month, the price of real estate in Tbilisi increased by 20.1% - according to an updated study by TBC Capital.
Rike jugs were sold for 10 020 000 GEL. The property has been auctioned off several times by the National Agency for State Property, but the only company that made a decision to buy is the Global Victory Trust.
"Most real estate owners refuse to rent an apartment to Russians," Vazha Mebaghishvili, co-founder of Noble Real Estate, told BM.ge.
"Citizens of the Russian Federation and the state of Belarus, as well as business entities, are showing great interest in purchasing real estate in Georgia and concluding long-term lease agreements''.
Georgia will join the 30-year history of the FIABCI Prix d' Excellence Awards – the Oscars of the real estate business – this year.
Exports of sparkling wine are at a 7-year high. According to Geostat, $ 4,926 million worth of champagne exported from the country in 2021, which is the highest rate in recent years.
"Real estate prices have risen by about 200% in the suburbs of Tbilisi," said Nata Modebadze, a member of the Georgian National Real Estate Association's board of directors.
Although the bulk of the transactions come from new flats, the annual growth rate is for old flats and the new flats are reduced.