↑ Scroll to top

Construction Sector Crisis in Georgia

Published: June 10, 2013 | 4:23 pm
Text size: -A +A
construction-machinery

Crisis in Georgia’s Construction Sector The number of registration transactions on Georgia’s real estate market this year has made 65 000, according to Public Registry. The indicator is a big drop compared to the last three year data. Part of the developers say the reason of the demand decrease is the deficit that has occurred on Georgia’s primary market. Dona Group representative told TV 3 that during the last 4-5 years construction dynamic in the country has slowed down and 70-80% of space was already sold during the construction process. As the representative of another developer Azimut told TV3, primary market deficit and price rise is inevitable unless construction dynamic increases.

VN:F [1.9.10_1130]
Rating: 0 (from 0 votes)
Share on Facebook Share on Twitter
More posts in category: Local Business News
  • Giorgi Kodua Supports Georgian Dream, Hopes Businesses will get Freedom with the New Government
  • Kazakh Management Returns to Tbilgas
  • Agriculture Minister Rules out Existence of Problems with Grape Harvest
  • JPMorgan senior executives ‘to resign’