April 2024

Georgia Residential Real Estate Market Analysis 2023

Georgia’s housing market remains robust, buoyed by strong demand and limited supply. During the year to Q3 2022, the overall residential property price index rose strongly by 10.7%, up from year-on-year increases of 4.5% in Q2 and 3.4% in Q1, based on figures released by the National Statistics Office of Georgia (Geostat). However, when adjusted for inflation, prices actually declined...

Two new projects in Batumi.

🏙 Two skyscrapers will appear in the area near May 6 Park in Batumi. According to the project, new high-rises will be built on both sides of the Alliance Privilege building. The height of both will be around 180 meters. Next to one of them, a parking lot for 154 cars will be built. The city council has already approved the projects. What do you think of this news? 💁🏻‍♀️ Maison...