29.Apr .2021 12:00

Number of Completed Objects Was Down by 16% in Q1 2020

Number of Completed Objects Was Down by 16% in Q1 2020
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The number of completed objects was down in Georgia in Q1, 2020, - show the preliminary data by Geostat.

According to official declared data, 562 objects (16,1% more compared to the same months of previous year) of 341,9 thousand square meters (18,5% less compared to the same months of previous year) were completed in January –March, 2021.

More than half of the total completed construction are distributed in 4 regions of the country, namely: 30% is located in Tbilisi, 13,2% - in Kakheti region, 13% – in Kvemo Kartli region and 10% - in Mtskheta-Mtianeti region.

Geostat reports, that 1931 permissions granted were issued in January-march, 2021 (15,5% less compared to the same months of previous year) for construction of buildings of 1301,2 thousand square meters (15,4% less compared to the same months of previous year).