Real Estate

Under COVID Pressure, Georgian Real Estate Company “Conserves” Several Projects

Georgian Real Estate Company plans to conserve certain hotel construction projects amid the pandemic, the company’s annual report reads.

Will Real Estate for Sale in Georgia Drop in Price?

TBC Capital points out that the cost of rent is a precursor to a change in the sale price of an apartment, which raises expectations for the housing prices to continue to fall.

Demand for Plot of Lands Increased in Tbilisi and Surrounding Areas During Pandemic

Although the Coronavirus pandemic has had a significant negative impact on various sectors, demand for purchasing land plots has increased.

Forecasting Real Estate Prices of Georgia

In 2020, sales of apartments in Georgia will be reduced by about 30%. This is stated in the study of TBC Capital "Impact of COVID-19 on the Georgian economy."

Construction of Hotel at Kutaisi Airport Resumed and Planned to Open by the End of the Year

It is planned to open a hotel under construction by GDG + at Kutaisi International Airport at the end of the year. 

Cushman & Wakefield: Apartment Prices are Expected to Drop by 15-20%

Apartment prices are expected to decline by 15%-20%, the resident real estate market survey by Cushman & Wakefield consulting company reads.

Silk Road Group has Attracted 15 million Euros to Arrange the Telegraph Building

Foreign investment of 15 million euros will be spent on the first innovative hotel of "Green Architecture" standards in Tbilisi.

Apartment Sales Drop by 37.6% amid State of Emergency

Apartment sales have shrunk by 37.6% after announcement of the state of emergency, the Galt-&Taggart report reads.

Price of Square Meter of Apartments in Tbilisi, due to Districts

How much does the square meter of an apartment cost in Tbilisi, due to Districts and how have these prices changed in the first quarter?