Based on survey results of selected developers, around 20% of the real estate projects that started in 2018-19 remain unsold, while almost 60% of the projects that began in 2020-21 are completely sold out- Galt&Taggart report reads.
Notably, in the real estate market of Adjara during 2023-24, Georgian citizens accounted for 20% of total sales, while citizens from Russia and Israel comprised 24% and 6%, respectively.
The remaining half of apartment sales involved a diverse range of countries.
