Total number of completed objects declined by 33% in Q1
According to Geostat, 484 objects (21.8 percent less compared to the same months of previous year) of 419,7 thousand square meters (32,8 percent less compared to the same months of previous year) were completed in January-March, 2020.
It should be noted that in January-March, 2020, permissions were issued for the construction of multifunctional residential complexes, hotels, trade facilities, industrial enterprises, agricultural objects and other buildings. The relatively large share of the permissions granted hold the multifunctional residential complexes.
More than half of the total completed construction are distributed in 4 regions of the country, namely: 29,5 percent is located in Tbilisi, 12,6 percent - in Kakheti region, 12,2 percent - in Imereti region and 11,8 percent - in Kvemo Kartli region.
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