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19.Oct .2020 17:45

Transactions Up by 32% in the Economy Segment, Due to the Government Subsidy Program – Colliers

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As of September 2020, the number of transactions recorded on premium and medium new apartments in Tbilisi is 20% and 19% less than the same period in 2019 – Colliers International reports.

According to the prominent global commercial real estate services organization, the economy segment thrived. As a result of the government subsidy project, the number of transactions increased by a massive 32%, amounting to 1,814.

The number of transactions recorded in Tbilisi in the first three quarters of 2020 has decreased by 24% compared to the same period in 2019 – Colliers states, adding that a dramatic fall (63%) is observed in Q2 2020.