The value of real estate in the market has been increasing for years and will continue to increase in the future, which is mainly determined by the current situation in the country. In this blog, we will discuss and present the main factors that increase demand in the market today:

The first is the size of households. For example, let's consider an average of 3.5 people live in one apartment in Tbilisi, therefore, as soon as a family has a financial opportunity, they try to improve their daily life and start thinking about buying real estate. This is one of the powerful factors, which in turn determines the growth of the economy and the demand for it.

The second factor in the increase in demand for real estate is increased prices. A large number of consumers today look at real estate from an investment point of view, and the increased price is an attractive opportunity for them, because it is an asset that can be sold or rented out for a large profit. Today, those who need to buy real estate are trying to buy and not wait for real estate prices to increase further.

The role of migrants, which had an indirect effect on the increase in real estate prices, should also be considered. For example, the number of people arriving in Georgia this year is high, but those people who are considered migrants buy real estate in completed projects, not under construction. Their demand is more for commercial real estate than for residential space, because for them commercial real estate is considered more profitable.

Due to the fact that the demand for real estate is high and this demand has its own reasons, in the future, residential real estate prices will definitely increase, which is directly proportional to economic growth.