Market Insight

New Regulation on Real Estate Valuation 

New Regulation on Real Estate Valuation 

A new regulation regarding real estate valuation will come into force on 1 June. The decree onReal Estate Valuation Instructions for Commercial Bankswas approved by the President of the National Bank of Georgia on 14 May. The project, which was initiated in January 2017, involved commercial banks, representatives from international valuation companies, as well as an independent expert.

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Colliers International Georgia prepared seven real estate investment proposals to support the process of privatization of state-owned properties. 

Colliers International Georgia prepared seven real estate investment proposals to support the process of privatization of state-owned properties. 

In agreement with the Entrepreneurship Development Agency -Enterprise Georgia under the Ministry of Economy and Sustainable Development, a global real estate services company Colliers International Georgia developed investment proposals for large state-owned properties in Georgia.

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First Aircraft Parts Factory in Caucasus Opened in Georgia

First Aircraft Parts Factory in Caucasus Opened in Georgia

ATC (Aero-Structure Technologies Cyclone), the first aircraft factory in Caucasus was opened in Georgia today. A new Georgian factory, which is a Georgian-Israeli company, will produce civil aircraft parts for Boeing, Airbus and Bombardier passenger planes.

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700 Million EUR Investment in a Tbilisi Sea City

700 Million EUR Investment in a Tbilisi Sea City

Eco Green City has started a new phase of the project implementation. David Saganelidze, Executive Director of Partnership Fund and Nodar Giorgadze, founder of Gino Group signed several documents.

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Bringing Manhattan in Tbilisi Gardens

Bringing Manhattan in Tbilisi Gardens

Vincente Wolf, Interior Designer: “you’re living in a garden and not in an apartment building on the street.”

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How Safety Norms Are Controlled in Construction

How Safety Norms Are Controlled in Construction

Property Georgia interviewed Roma Bedoshvili, Head of Project and Building Consultancy Department, Colliers International Georgia.

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ADB will Finance the Construction of Wastewater and Sewage Systems in Gudauri

ADB will Finance the Construction of Wastewater and Sewage Systems in Gudauri

Asian Development Bank (ADB) will finance the second phase of water supply project in Gudauri-construction of wastewater and sewage systems.

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EIB will Fund Georgia’s Road Infrastructure with Additional EUR 250 Million

EIB will Fund Georgia’s Road Infrastructure with Additional EUR 250 Million

Maia Tskitishvili, Minister of Regional Development and Infrastructure held a meeting with Sébastien Husson de Sampigny, Regional Representation for the South Caucasus of the European Investment Bank (EIB), Deputy Head of Strategic Roads Department Liz Waidner and the representatives of the mission.

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Gebrüder Weiss Expands Logistic Terminal In Georgia

Gebrüder Weiss Expands Logistic Terminal In Georgia

Gebrüder Weiss, a large Austrian transport and logistics company, plans to invest additional EUR 2 million in the expansion of terminal infrastructure in Georgia.

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The Construction of an Internationally Important Dariali Tunnel will be Completed this Autumn

The Construction of an Internationally Important Dariali Tunnel will be Completed this Autumn

The Roads Department of the Ministry of Regional Development and Infrastructure of Georgia is building a 2km-long tunnel at the internationally important Mtskheta-Stepantsminda-Larsi road.

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Multifunctional Environment for Business Meetings - New Meeting Space in Tbilisi has been Opened

Multifunctional Environment for Business Meetings - New Meeting Space in Tbilisi has been Opened

The article is only accessible in Georgian language. Please follow the link to see original body.

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In 2019 Modern Shopping Centre Floorspace will Exceed that of Bazaars

In 2019 Modern Shopping Centre Floorspace will Exceed that of Bazaars

Retail floorspace supply accelerates and Tbilisi remains Georgia’s primary contributor,- says the report prepared by the global real estate service company’s local representation Colliers International Georgia together with Enterprise Georgia.

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Colliers International Georgia publishes a report of Airbnb activity in Tbilisi for 2017

Colliers International Georgia publishes a report of Airbnb activity in Tbilisi for 2017

According to the overview carried out by global real estate services company, the number of properties listed on Airbnb grew significantly by 70% from 5,678 in 2016 to 9,679 in 2017.

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Top 5 Development Companies In Tbilisi by Residential Area

Top 5 Development Companies In Tbilisi by Residential Area

Tbilisi’s Residential market research 2017, prepared by the global real estate service company’s local representation Colliers International Georgia together with Enterprise Georgia, revealed top 5 developers in the capital.

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ABU DHABI GLOBAL MARKET AND ANAKLIA SPECIAL ECONOMIC ZONE/CITY FORM BILATERAL COOPERATION

ABU DHABI GLOBAL MARKET AND ANAKLIA SPECIAL ECONOMIC ZONE/CITY FORM BILATERAL COOPERATION

During an official visit in UAE, First Vice PM of Georgia, Dimitri Kumsishvili attended the signing of the Memorandum of Understanding (MOU) between Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and Anaklia Special Economic Zone/City.

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 Number of Residential Properties Completed in Tbilisi in 2017 Hit Record High

Number of Residential Properties Completed in Tbilisi in 2017 Hit Record High

Tbilisi, the largest contributor of residential supply in Georgia, completed about 200 development projects in 2017, comprising 11,160 residential flats in total.

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