Registration transactions in Georgian real estate market increases by 4.5 percent in October
Georgia, Tbilisi, Nov. 4 / Trend N. Kirtskhalia /
In October, the registration transactions in the Georgian real estate market increased by 4.5 percent and totaled 33,110 compared to the previous month.
In 2010 registration transactions were characterized by a growth tendency: in January - 32.2 percent, in February - 11.7 percent, March - 35.8 percent, in April - 40.1 percent, May - 52.8 percent, June - 30.9 percent, July - 16.8 per cent, August - 13.3 percent, in September - 5.6 percent, in October - 4.5 per cent, the Georgian Justice Ministry's National Public Registry Agency told Trend.
During ten months of 2010, execution of transactions over the same period of last year increased by 22.4 percent and totaled 325,456 units (on average 32,546 per month), which is only 7,259 units less than the figure of 2009.
Primary and secondary real estate markets compared to the previous month decreased (by 5.4 percent and 5.3 percent), and increased compared to the same period of last year.
In October, the primary registration transactions totaled 6,113 units, and secondary - 26,997.