Transactions in Georgian real estate market increase

Photo: Transactions in Georgian real estate market increase  
 / Economy news

Tbilisi, Georgia, March 11

By Nana Kirtzkhalia - Trend:

In February 2014, the number of registration transactions in Georgia's real estate market stood at 38,751 throughout the country.

As compared with figures for the same period of 2010-2013, the current figures are distinguishable by an unambiguous growth, according to Georgia's National Agency of Public Registry.

As compared to February 2010, the growth was 25.7 percent compared to February 2011 - 0.9 percent, compared to February 2012 - 5.4 percent, compared to February 2013 - 14.0 percent.

The number of transactions rose by 7.8 percent in comparison with the previous month.

There was a growth in the primary by 4.9 percent and secondary transactions by 8.4 percent.

The monthly index of registration transactions in February 2014 stood at the level of 0.921 which exceeds the index of the previous month (0.808).

There was also an increase in the number of both primary by 4.0 percent and secondary by 16.4 percent transactions, as compared with the same month of the previous year.

In February 2014, the number of primary registration transactions amounted to 6730 and secondary ones to 32,021. The monthly index on the primary and secondary transactions was recorded at the level of 0.608 and 1.033.

As for the correlation between primary and secondary transactions, some 82.6 percent of registration transactions accounted for secondary transactions, while 17.4 percent accounted for primary ones, respectively 81.0 and 19.0 percent in February 2013, as compared with the same period last year.

Translated by E.A.

Edited by S.M.

Follow us on Twitter @TRENDNewsAgency