One of the sectors of the Georgian economy where the largest volume of foreign direct investment was made in 3Q24 is real estate. According to preliminary data from Geostat, out of USD 197.7 million in FDI that entered the country from July to September, USD 22.9 million was invested in the real estate. Real estate ranked fourth in the ranking of economic sectors.
According to Geostat, investments in real estate decreased annually in the third quarter, although they increased in the first 9 months compared to the same period last year. [9 months of 2023 $82.4 million; 9 months of 2024 $89.4].
In 3Q2024, the largest direct investment in real estate came from the USA.
TOP-10 Investor Countries:
USA - $8.3 million;
Israel - $5.8 million;
Russia - $4 million;
Turkey - $1.9 million;
Netherlands - $1.9 million;
Ukraine - $1.9 million;
Azerbaijan - $1.3 million;
Norway - ...;
Germany - $1.1 million;
Bulgaria - $875 thousand.
