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Index | Wealth Management's portfolio includes 8 large-scale projects
24.7%
In Apr-24, the number of sold apartments in Tbilisi stood at 3,220 units, up 24.7% y/y and up 7.7% m/m.
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33.2%
In Apr-24, the total market value of apartments sold in Tbilisi stood at US$ 247.9mn, up by 33.2% y/y
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12%
As of April 2024 the weighted average price of newly-built flats in Tbilisi has increased by 8% in the suburbs, while the figure has increased by 12%
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CURRENT PROJECTS
At this stage, the company's portfolio includes 8 projects, 5 of which are ongoing, and 3 projects will be put on sale in the coming months
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For more information about current projects, fill out the form.
Investments
It should be noted that according to the data of 2022, real estate occupies the 2nd place in the GDP sectors of Georgia. According to preliminary data, the volume of foreign direct investments made in Georgia in the 3rd quarter of 2023 reached 316.0 million. amounted to US dollars.
In 2023, in Tbilisi, the positive dynamics of sales of new apartments was maintained and an annual increase of 1.6% was recorded. It is worth noting that prices have increased especially since the beginning of 2022 until today, where a 30.7% increase is recorded. In the fourth quarter of 2023, compared to the same period of 2022, a price increase was recorded for new apartments by 14.2%. By the end of 2023, an annual decrease of 5.1% was recorded in the rent in Tbilisi, although this fact is twice the level of 2021. It should be noted that this is due to the stabilization of the real estate market.