National Agency of Public Registry reports that 60 223 transactions were fixed on the real estate market in December.

According to the Department, the number of registration transactions is grown by 8.7% y-o-y, while – 2.6% m-o-m. Monthly index of registration transactions has been fixed at 1.431 point in December (December, 2010 =100), which exceeds to the index of the same month of the previous year (1.317).

However, primary (by 22.6%) transactions of the real-estate as well as secondary (5.4%) are increased. Namely, primary transactions were made on 13 049 real – estates, at that 7 973 units are right registration within the frame of state project.

However, the number of secondary transactions has made up 47 174 units, at that 3 185 are change of registration within the frame of state project, whereas 1 626 are abolishment of registrations within the frame of state project.

To note, 78.3% of registration transactions, made in December, 2016 is secondary, while 21.7% – primary transactions (December, 2015, respectively, 80.8% and 19.2%).

Source: Caucasus Business Week