Despite strong development in recent years, Tbilisi’s real estate stock is outdated and still dominated by old buildings. Less than 25% of existing residential, retail and office real estate is built according to modern standards, demonstrating the sector’s strong growth potential.
Residential – Promising fundamentals
Office – Price-to-quality set to rise
Retail – Fuelled by consumer behavior
Hotels – Need to attract high-spending tourists
Development land – Prices are rising
Tbilisi Real Estate Market Outlook - In Need of Modernization
Tbilisi Real Estate Market Outlook - In Need of Modernization GEO
Tbilisi Real Estate Market Outlook Presentation GEO
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