The coronavirus pandemic has significantly reduced revenues in the area of daily apartment rentals. The reason is the significant drop in the price of apartments.
Over the past few years, the consumer behavior for purchasing apartments has essentially changed, due to various factors.
Hotel "Muza" will be opened by the concert hall in the fall of 2021, - businessman Lasha Papashvili said.
In June residential apartments have cheapened by 8% compared to January, TBC Capital research director Tornike Kordzaia told Business Morning TV Program.
TBC Research has published a new report on Georgia’s economic recovery.
Georgian Real Estate Company plans to conserve certain hotel construction projects amid the pandemic, the company’s annual report reads.
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.
Although the Coronavirus pandemic has had a significant negative impact on various sectors, demand for purchasing land plots has increased.