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Tag Archives: Apartments

Apartments Cheapen, Commercial Real Estate Rises in Price

Activity is Declined at the Real Estate Market in May

As compared to December 2017, prices declined on apartments. At the end of 2017 the price of a square meter of Tbilisi-based apartment exceeded 1 000 USD, while the value declined to 950 USD in January 2018. Unlike apartments, prices of commercial real estates keep growing. Over the past month, …

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IFC Allocates $23m to Support Affordable Green Housing in Georgia

Georgia is developing affordable green housing and replacing Soviet-era apartments as a way to improve the living standards of Georgian families. Local property development company m2 Residential LLC has received a $23 million USD loan package from the International Finance Corporation (IFC), a member of the World Bank Group, to …

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