(MENAFN- Trend News Agency) Irine Kvakhadze, Head of TBC Capital Research said in 2022,
apartment rental prices increased by 60%, while selling prices were
up by 15%, trend reports with reference to bm.ge .
While visiting TV-program 'Real Estate Prospect', Kvakhadze noted
that the demand for commercial spaces in shopping centers has
increased significantly, which has increased the price by 22%.
'Apartment rental prices are increased by 60% mostly from the
second half of the year, we remember that it was 116-120% and even
more per month. As for the annual selling price, here we have an
increase of about 15%. The growth in 2022 was impressive, which
exceeded pre-pandemic levels.
As for commercial real estate, we have just released a new study,
according to which the occupancy rate in shopping centers has
significantly increased, which means that the volume of total
unusable rental space is down, while the rental prices are up by
22%. As for the street trading facilities, we have not yet reached
the 2019 mark in the rental part. There are positive trends in
relation to business centers as well, the data here also exceeded
the indicators of 2019. Today, the vacancy rate is 11%, only 11% is
unoccupied, which is a significant increase, a 23% improvement is
recorded,' said Irine Kvakhadze.
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