BAKU, Azerbaijan, May 5
By Tamilla Mammadova – Trend:
Sales of medium-sized (51-80 square meters) apartments were most prevalent in Georgia in the first quarter of 2020 (51 percent of total sales), Trend reports citing Georgian investment company Galt & Taggart.
In old apartment segment, the medium-sized apartments' sales were also the most prevalent, while the demand for small-sized apartments (18-50 square meters) was diminishing.
Low-price segment was most demanded, which is an evidence that low-to-middle-income households drive demand for the housing market, the company said.
According to Galt & Taggart, 53 percent of total number of apartments sold were in the low-price segment, while the premium segment accounted for only 12 percent of total volume in the first quarter of 2020.
Demand on medium-sized apartments (51-80 square meters) was high in all districts of Tbilisi, except central districts of Vake, Saburtalo and Mtatsminda, where large-sized apartments dominated the sales.
Small-sized flats were mostly sold in suburbs.
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