BAKU, Azerbaijan, June 3
By Tamilla Mammadova - Trend:
Despite the coronavirus pandemic had a negative impact on almost all sectors of the economy, demand for land plots insuburbs of Georgia increased keeping the prices stable, said Head of the Georgian Real Estate Association Nata Modebadze, Trend reports citibng Georgian media.
"TThe price depends on factors such as the proximity of the land plot to the main transport arteries, public transport stops, the state of infrastructure in the district and uninterrupted supply of electricity, gas and water," Modebadze said.
The cost of the land plots in the most prestigious districts starts at $6 and ends at $100 per square meter.
The statistics on the site of free ads ss.ge also show a growing demand for suburban land plots; in March, 18,126 people watched the ads for the sale of land, in April - 22,051 people, and in May - 25,994 people.
“We’ve interviewed real estate companies and private brokers and revealed that the demand for land in suburbs has grown. If before the pandemic,10 people in a week asked us to help buy a land plot, now their number reached to 100 customers,” Modebadze said.
At the same time, demand for land plots for construction in large cities has decreased as developers cannot predict how the situation will develop and refrain from buying the land.
“The demand for agricultural land has also grown due to the COVID-19 outbreak as many want to have their own land plots to grow products for their own consumption in case of shortages,” Modebadze noted.
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