Gov’t to hand state-owned real estate to 16 individuals, 19 families for symbolic price

Handing of state-owned real estate to individuals and families was one of the topics discussed at the Government meeting on Monday. Photo: Government of Georgia press office, 22 Aug 2022 - 17:20, Tbilisi,Georgia

The Georgian Government will hand state-owned real estate to 16 individuals and 19 families for the symbolic price of ₾1 ($0.35), the Government Administration said on Monday following a meeting of the Cabinet of Ministers. 

The Administration said the individuals and families in question held no legal documentation proving the ownership, but would now be able to acquire the estate in the form of direct sale for the symbolic price. 

A socially vulnerable family of seven will also receive a non-agricultural plot of land with buildings on it for a symbolic price, the Administration said, adding the family had lived in the property “for years”.

In the most recent round of handing state-owned real estate to citizens, 98 individuals received property for a symbolic price in March 2021.