Georgia’s real estate market is expected to see rising demand and moderate price growth of up to 5%, according to Vasil Phakaze, CEO of Biograpi Living, who shared his outlook following the crisis in the Middle East.
Phakaze explained to BMG that amid geopolitical instability, Georgia is increasingly perceived as a safe and predictable market by foreign investors.
"Interest from foreign buyers remains consistently strong. While we haven’t observed a sharp increase from the Middle East yet, Georgia is increasingly recognized as a secure and stable market against the backdrop of regional uncertainty. We believe this trend will soon translate into higher demand.
Prices are already on a stable upward trend. This growing demand will further support the trend, though we expect moderate growth of around 5%, indicating a healthy market development," Phakaze said.
He also noted that investors choose Biograpi Living projects due to high returns, a stable environment, and a growing market.
"In addition, our projects offer quality construction, prime locations, and professional management, which provide investors with extra security and confidence.
We offer models focused both on capital growth, buying and reselling apartments and on stable rental income. Our main goal is to provide investors with both protection and predictable returns," Phakaze added.
