Macro Analysis /
Georgia

Tbilisi Real Estate Market Outlook In Need of Modernization

    Kakhaber Samkurashvili
    Kakhaber Samkurashvili

    Senior Analyst - Tourism & Hospitality, Residential and Commercial real estate

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    Galt & Taggart
    17 December 2019
    Published byGalt & Taggart
    Despite strong development in recent years, Tbilisi�s real estate stock is outdated and still dominated by old buildings.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.