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Market Value (Tbilisi)


I am at a complete loss of understanding when it comes to the Georgian Pricing Market.

Buildings & Land - I found several buildings that amounted to really nothing more than a pile of bricks stacked to be advertised as a building for sale. Yet they are nearly always priced as if the establishment held some type of value equal to a middle class home in the United States in perfect condition.

Electronics - TVs, Power Tools, Exec, Exec ... While some products seem to be priced appropriatly, some seemed to be priced at a 400% profit to the business owner.

Is it just me, and my American concept of consumerisim, that feels as if a majority of Georgians feel as if they are confusing a pile of rocks with a pile of gold? Does anyone have some insight as to how the Georgians come up with Market Value ?

Tbilisi Forum