Colliers International Predicts Decline in Lease price within Tbilisi

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According to the General Producer of Colliers International Georgia Irakli Kilauridze, the fluctuation amount affects in the housing market , however, prices are steady on the market today.

“The average expense of the newly developed real estate market in Tbilisi is about $ 600 and the price of the secondary publication rack about $ 550,” said Kilauridze.

Kilauridze points out that the reduction in the price is particularly began A class business locations and one of the factors Kilauridze names is King David’azines entry.

“King David’ohydrates average price is Usd 23-24, which allowed people to move from other company centers, and new business get a better lease of real estate.However all of them conditioned the retail price decrease in other focuses, that have lower specifications. I think, mentioned tendency will continue, as ”Axis” will probably join the market this present year. ”

 

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