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Registration transactions on local market increase sharply in November

Business Materials 10 December 2012 21:09 (UTC +04:00)

Georgia, Tbilisi, Dec. 10 /Trend N.Kirtzkhalia/

Number of registration transaction in the property market amounted to 41,260 in November.

Clear growth is recorded in November this year compared to the same month in 2007-2011: increased by 72.3 percent compared to November 2007 (23,943 registration transactions), by 64.5 percent compared to November 2008 (25,076), by 18.2 percent compared to November 2010 (34,484), by 2.2 percent compared to November 2011 (40,281), the National Agency of public records told Trend.

The transactions decreased by 1.3 percent compared to the previous month, the reduction is recorded for primary transactions (18.0 percent), the increase - for the secondary (0.9 percent). The monthly index of registration transactions totaled 1.330 (December 2007 = 100), which exceeds the index of the previous month (1.302)

The number of primary registration transactions totaled 3 938, and secondary - 37 322 in November.

Monthly index of primary and secondary registration transactions (December 2007 = 100) was 0.423 and 1.719, respectively in November.

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