Lado Vardosanidze
Lado Vardosanidze is an urbanist who argues that the significant purchase of real estate by foreigners in Georgia is a consequence of market dynamics and legal allowances. He believes that as long as the legislation permits foreign ownership, the market will naturally respond to demand, irrespective of the buyers' nationalities.
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Georgia:
Lado Vardosanidze stated that an audit and thorough investigation of the buildings' sustainability should be conducted.
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Georgia:
Lado Vardosanidze argues that a serious tax on real estate is necessary.
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Georgia:
Lado Vardosanidze thinks that the large-scale purchase of apartments by foreigners is driven by market relations and if legislation does not prohibit it, nothing can be done.
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