Georgia, Tbilisi, May 8 /Trend N.Kirtzkhalia/
The number of registration transactions in the property market throughout Georgia amounted to 37,077 units in April 2012. As reported in the public register, April 2012 is distinguished primarily by the growth compared to the same period in 2007-2011. There was an increase by 31.4 percent compared to 2007, 11.5 percent compared to 2008, 58.7 percent compared to 2009, 13.3 percent compared to 2010 and decrease by 5.1 percent compared to 2011.
The number of registration transactions decreased by 6.6 percent compared to the previous month, the growth (24.9 percent) was observed in primary and decrease (11.6 percent) in the secondary registration transactions.The monthly index of the transaction was registered at 1.195 in April 2012, which is behind both the index for April 2011 (1.260), and the index of the previous month (1.279).
The primary real estate market has increased by 6.6 percent compared to April 2011, while the secondary has decreased by 7.4 percent. the number of initial registration of transactions amounted to 6888 units, and secondary - 30,189 units. In April 2012, the number of initial registration of transactions amounted to 6888 units, and secondary - 30,189 units. The monthly index of transactions on the primary and secondary transactions amounted to 0.740 and 1.390 levels respectively.
As for the ratio of primary and secondary transactions, the proportion of primary relatively increased in April 2012. Some 81.4 percent of transactions from the total accounted for the secondary projects, 18.6 percent for the primary (83.5 and 16.5 percent respectively in 2011).