Deputy Minister of Economy and Sustainable Development Irakli Nadareishvili has responded to claims circulated by certain opposition groups, suggesting that the real estate within the Eagle Hills projects is primarily intended for foreign nationals and that Georgian citizens will not have the opportunity to purchase them.

“This is utterly absurd. It is unthinkable that a real estate project is being developed within our country and that local residents would be excluded from buying there. Naturally, the target audience of these projects is and will continue to be Georgian citizens,” Irakli Nadareishvili affirmed.

According to the Deputy Minister, the pricing of real estate within the Eagle Hills developments will reflect the current economic situation in Georgia.

“This will be evident in the pricing strategy, as it is simply impossible for the prices to fall outside the commercial parameters, which include construction costs and related factors in Georgia. Moreover, we are familiar with Eagle Hills projects in various countries, and therefore, such risks are unthinkable,” Nadareishvili added.

The Deputy Minister further explained that the company’s sales office is situated in a prime location in Tbilisi, on Rustaveli Avenue, where Georgian citizens will have access to purchase property. An active marketing campaign and pre-sales phase are set to commence shortly.

“The myth that there is a special pricing policy for certain groups will be dispelled very soon. There have been rumours suggesting that contracts include clauses based on nationality or quotas. This is completely unthinkable. It’s frankly laughable,” Nadareishvili concluded.