GeoStat: Number of Issued Construction Permits up by 35 percent in January-June
GeoStat: Number of Issued Construction Permits up by 35 percent in January-June

According to officially declared data, 5 594 permissions were granted in January-June, 2024 (10.6 percent more compared to the previous year) for the construction of buildings with a total area of 5 393.5 thousand square meters (35.0 percent more compared to the previous year), the National Statistics Service (GeoStat) reported.

The GeoStat notes that 74.0 percent of all permits have been issued in four regions of the country, namely: 47.9 percent in Tbilisi, 9.7 percent in the Kvemo Kartli region, 8.3 percent in Mtskheta-Mtianeti region and 8.1 percent in Kakheti region.

It should be noted that in January-June, 2024, permissions were issued for the construction of multifunctional residential complexes, trade facilities, hotels, industrial enterprises, objects for agricultural purposes and other buildings.

The GeoStat said that 1 720 objects (17.4 percent more compared to the previous year) with a total area of 1 600.7 thousand square meters (19.7 percent more compared to the previous year) were completed in January – June, 2024.

More than half of the completed constructions are distributed among four regions of the country, namely: 37.0 percent is located in Tbilisi, 13.1 percent – in Mtskheta-Mtianeti region, 12.6 percent – in Kakheti region and 9.1 percent – in Imereti region.