Construction in Georgia
Company TJ.Realty participated in the analysis of Georgian property market, which has a great growth potential nowadays. The results of the analysis were published on the most popular Latvian news portal Delfi.
“Compared to 2001 construction volumes in Georgia grew by more than 1500% in 2007. The first two months of 2008 showed a growth rate of 20%. Residential property deals are becoming the most profitable type of business. This concern both: portfolio investors and European residents buying the property for themselves, rent or resale.”
“Today one has an opportunity to buy an apartment in the secondary market in Tbilisi for 300 USD per sq.m. Price increase for such properties is 20% annually on average. “
“Situation on the primary market is much more attractive. The price for square meter in a newly built house in the center of Tbilisi fluctuates from 400 to 1000 EUR. And the price increase is 20% quarterly.”
To conclude, company TJ.Realty would like to emphasize that Georgian market has a very good growth potential and you will be better off if you start investing today.
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