Retail development offers retail spaces, which can be cyclical and involve multiple stages. Retail development which comes under the category of commercial real estate development can include new stores, shopping centers, or other retail spaces.
Retail development significantly contributes to the generation of tax revenue for the government. Through sales taxes, property taxes, and other levies, the retail sector becomes a reliable source of revenue for public services such as healthcare, education, and supports the overall infrastructure development market.
Why Buy or Invest in New Real Estate Developments in Georgia.
Investing in new real estate developments in Georgia (the country in Asia, not the U.S. state) can be a very attractive option for several reasons:
Georgia’s geographical location makes it a key transit point between the continents, especially for energy and trade. Its proximity to both the European Union and the emerging markets of Central Asia and the Middle East makes it a strategically important hub.
Compared to Western Europe or more developed countries in Asia, real estate prices in Georgia are still relatively affordable, offering significant upside potential in terms of value appreciation, especially in cities like Tbilisi and Batumi.
Investing in Georgia’s real estate market offers attractive potential for high returns due to its strategic location, favorable economic conditions, low tax rates, and growing demand for both residential and commercial properties.
