"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.
The Asian Development Bank (ADB) and Optima LLC have signed a $10 million loan to develop affordable and sustainable residential housing developments in Georgia’s capital, Tbilisi.
TBC Capital has published a monthly survey of the Tbilisi housing market. The report analyzes the trends of market growth and decline and these data are compared with the previous year.
Deals worth $117,947 were made on M2 company bonds at Georgian Stock Exchange (GSE).