The FINANCIAL -- Most of the Georgian developer and construction companies agree that the integration of the country in NATO or the EU will influence prices of the real estate market. None of the companies are discussing Georgia entering in to new political unions as potential to start assimilating international markets.

Georgian developer companies Center Point, Olympic Star, and the company Real Estate claim that in the case of Georgia’s integration in NATO , the EU or any other international political organizations prices on the real estate market will start picking up. Others are banking on the possibility of restoring political stability and thus the restoration of attracting investors.

“Integration in the European Union or NATO will raise the prices of real estate,” Zaza Razikashvili, President of the developing company Olympic Star, told The FINANCIAL.
 
“Inclusion of Georgia in the European Union or NATO will raise the prices on real estate and will stabilise the environment,” says Tika Rukhadze, Head of the Public Relations and Advertising Department, construction company Center Point.

“The case of integration of Georgia into NATO or the EU will certainly increase prices on the real estate market,” declares Paata Takvarelia, Director General of the company Real Estate.

“All of the steps that serve the stability and prosperity of the country positively reflect on the development of real estate. Stable social and economic conditions and activeness of the banking sector may change the conditions existing in the construction business in a positive way,” says Rezi Nizharadze, representative of the Marketing Department of development company Axis.

George Baidarashvili, Marketing Manager of the development company Arci, notes that, “While entering the European Union or NATO the most important thing is stability, which will give us the ability to start attracting foreign investors.”
 
“Georgia’s integration in NATO or the European Union will positively affect the country’s development and as well the development of business in the country,” ascertains Sophio Mamardashvili, PR and Events Manager of development company Rakeen Development.

As for construction company Deplus, they say that Georgia’s incorporation in to any international political alliance, will reduced their own costs.

“What’s most important for managing business activity is connected to stability and the trust factor. The integration of Georgia in NATO or the EU and any other political alliance will cause and increase the level of stability in our country. The shortened political risks will automatically increase the rank of trust towards our country. We had facts during recent years when the trust factor towards Georgia increased, which immediately revived business activity,” says Bakur Kiguradze, General Director of development company Niba Invest.

Written By Madona Gasanova

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