The GEO real property market grew by 2.4% in Q3 2018, in comparison with Q2 2018. While the annual increase was more pronounced at 24.3% (YoY), in comparison with Q3 2017. Tbilisi dominated the real property market with a 44.4% share in total sales in Q3 2018.

Georgia’s real GDP growth constituted a strong 5.5% year over year (YoY) in the second quarter (Q2) of 2018, according to the Geostat figures. Recently this year, IMF and World Bank upped their forecast of economic growth for Georgia from 4.2% to 4.5%. In August, the National Bank of Georgia (NBG) has also revised its forecast for 2018 from 4.8% to 5.5%. Meanwhile, ISET-PI expects annual growth in 2018 to be 6.3% YoY.

The GEO real property market grew by 10.1% in Q2 2018, in comparison with Q1 2018. The annual increase was more pronounced at 22.7% (YoY), in comparison with Q2 2017. TBS, with a 44.0% share in total sales in Q2 2018, dominated the GEO real property market.

The GEO real property market grew by 0.1% (QoQ) in Q1 2018, in comparison with Q4 2017. The annual increase was more pronounced at 27.2% (YoY), in comparison with Q1 2017. TBS, with a 41.6% share in total sales in Q1 2018, dominated the GEO real property market.

Year by year, interest in the organic market is increasing all over the world. According to STATISTA, worldwide sales of organic food quintupled in the 21st century (18 billion USD in 2000, versus 90 billion USD in 2016), while, according to TechSci Research, the total worth of the market is projected to grow at a compound annual growth rate (CAGR) of 16.15% during the period 2017-202I2.