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Tag Archives: real estate

UpComing Gated Community Krtsanisi Residence

Urban Development collaboratively with Cushman & Wakefield | Veritas Brown have reached and signed a beneficial long-term agreement on an exclusive base for the upcoming Krtsanisi Residence development. The project is spread over 26, 000 Square meters in Krtsanisi Residential Area. The address was particularly selected for its incomparable combination …

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Real Estate Market – Misbalance between Dreams and Solvency

Giorgi Shermazanashvili/ Real Estate

At first sight, everything is in order and legal. All licenses are issued. However, this business frequently damages our citizens. The fact is that the building  boom distorts the appearance of Tbilisi and makes it useless for living. Under the current legislation, anybody is permitted to build high-rise residential buildings by submitting required …

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Learn More About Real Estate Market

Real Estate

The Georgia Real Estate Index (GREI) being created by Real Estate Market Laboratory (REM lab) will soon be available to the public. REM lab is a joint project of TBC Bank and ISET (International School of Economy) and it is being implemented with the support of  JumpStart Georgia.  The goal …

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Transactions on the Real Estate Registration Increased by 17.3%

Transactions on the Real Estate Registration Increased by 17.3%

The National Agency of Public Registry (NAPR) revealed the official data concerning that the volume of transactions on the real estate registration processes increased by 17.3% in February 2016 compared to the same period of last year and it comprised 53 213 altogether throughout Georgia. In February 2012 there were 32 251 …

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About Plunge in Real Estate Market Prices: Vakhtang Charaia

VAKHTANG CHARAIA

According to the Ministry of Economy, total supply of office spaces in Tbilisi will increase by 18% as of 2017, while the supply of modern commercial spaces will increase by 50% as of 2017 after the construction of several major shopping malls will be completed. The Tbilisi real estate market …

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Real Estate Market to See the Heaviest Period in 2016

Unfavorable perspectives are forecast for the real estate market in 2016. If the GEL exchange rate is affixed to the 2.5 point, the demand for apartments will decline and the housing sector will have to further lower apartment prices. The current developments in the Georgian economy have badly affected the …

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Activeness is Declined at the Real-Estate Market in November

Activeness is declined at the real-estate market in November. National Agency of Public Registry has made 44 123 registration transactions in the mentioned month, which is less by 5,1% comparing to October. However, the growth totals to 3% y-o-y. It should be noted, that decline is fixed comparing to October …

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Georgia will Have its First Online Real Estate Auction Soon

The first Real Estate Internet auction is underway in Georgia, the project is carried out by the local company 2×2. The Internet Auction will serve not only brokers but also individuals interested in selling and acquiring Real Estate property in Georgia, The Company’s founder Mikheil Kvetenadze told CBW. According to …

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Dubai Property Prices Fall Most in the World

Dubai Real Estate

Dubai property prices fell by 12.2 percent during the past year, the largest drop in the world The decline in the twelve months through June was the biggest in 56 mainstream residential markets and larger than the 12 percent fall in real estate prices in Ukraine, which has been hit …

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GEL Devaluation Suspended Sales in the Real Estate Market

“Archi” Group” Director General Ilya Tsulaia says the company is suffering   sales decline. He estimates that demand decreased   30 percent. In such circumstances Tsulaia does not plan to revise pricing policy, because the company is already working on a low profit margin, although the company launched a new …

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