Real Estate

Accommodation Price Index Increased by 2% in Georgia

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 Research on Residential Real Estate Sector

TBC Capital renews Tbilisi Residential Property Research according to the first quarter transactions of 2019.

Dimitris Manikis: Georgia has an Amazing Landscape to Build On

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.

Restaurant Kalaki Received Gold Award at A Design Award and Competitions

Restaurant "Kalaki" has been awarded the Golden A' Design Award in Interior Space and Exhibition Design Category by the International Design Academy.

Land Sale Brought 17.1 Million to Georgia's Budget

In January-March the revenue of Georgia's consolidated budget amounted to GEL 3,006,209,199.

Kempinski Hotels to be Opened at Mtatsminda Park in 2020

Kempinski hotels will be opened on Mtatsminda. The hotel will include 95 rooms and it will be opened in the third quarter of  2020.

Geostat Reports on Slowdown in Georgia’s Development Sector

National statistics service of Georgia, published an early report on the March 2019 economic growth, under which the development sector has showed a slowdown tendency.

Bank of Georgia Funds New Digital Platform Development

Bank of Georgia has funded development of Area.ge real estate online platform. The objective of the project is to provide comprehensive and permanently renewable information on real estates for sales rent in Georgia.

Markets and Fairs – A 30-year Problem

Several days ago, the management of Eliava Market, one of Georgia’s major trading zones, proposed a rehabilitation project which calls for arranging a new infrastructure project.