In Georgia, the rise of real estate market

11.03.2011 15:12
In February 2011 the number of registration transactions in the real estate market across the country totaled 35,969 units, up 29.1% more than in January this year and by 21% over the same period last year (29,729 units) , told the News-Georgia "in the National Agency of Public Registry.

During the reporting period is obvious growth markets of primary and secondary real estate as compared to January 2011, and with the same period in 2010.

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In particular, the growth of markets for primary and secondary real estate as compared to January 2011 amounted to 20,3% and 31,1%, as compared with February last year - 9,5% and 23,7%.

However, the number of primary registration of transactions in February of this year totaled 6,237 units, and the registration number of secondary transactions - 29,732 units.

As regards the relations between primary and secondary registration transactions. In February this year, slightly increased the proportion of secondary registration transactions amounted to 82,7%, while in February 2010 was - 80.8%. The share of primary registration transactions for the period amounted to - 17.3%, while in February 2010 - 19,2%.
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Content tags: Overseas property Property
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