Georgia, Tbilisi, Sept. 6 / Trend N. Kirtzkhalia /
The Georgian real estate market is characterized by unique growth. According to the Georgian Public Registry Agency, around 225,795 transactions were fixed on the real estate market in August, or 5.2 times more than in the same period of 2011.
The growth of transactions was 2.3 times compared to July. The growth of both primary (3.3 times) and secondary transactions (1.5 times) was fixed.
In August, a monthly registration transaction index was 7.280. This exceeds the index as of August 2011 - 1.409, and the index of the previous month - 3.231.
According to the agency, such a sharp jump on the Georgian local market has been brought about by the free registration policy of agricultural land plots to develop the land market.