Livo.ge – A New Statement on the Georgian Real Estate Market

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June 5, 2019

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Livo.ge is the latest initiative of TBC Bank. The project, launched on the basis of the Allproperty.ge platform, was presented to the wider audience on May 30 at Stamba Hotel.

Based on TBC Bank’s strategy to facilitate the lives of its customers, Livo.ge is set to be a new statement on the Georgian real estate market.

Tornike Gogichaishvili, Deputy CEO of TBC Bank, took to the stage to brief attendees about the new project.

“At the end of the last year, we became partners with a very interesting real estate platform, Allprpoerty.ge,” stated Gogichaishvili. “We promised to offer our clientele a new platform, totally based on the real estate ecosystem.”

He went on to accentuate the strategy and main goals of the Bank.

“Technological development and digitalization are happening at a fast pace in the modern world. Customers are becoming more sophisticated, and we’re seeing an increasing number of demands for facilities and appropriate services. In addition, time is of paramount importance today. All of this catalyzed our decision to develop in the digital direction, aiming to ease the lives of the customers by launching this platform,” said Gogichaishvili.

Giorgi Chumashvili, founder of Livo.ge, also addressed the audience. He explained the meaning of the real estate ecosystem, stating that the innovative Livo.ge platform is the first ecosystem in this sphere in Georgia. Chumashvili also noted that this is one of the most complicated fields in terms of digitalization and focused on the hard work of the platform team in creating the Livo.ge platform, designed for purchasing or selling real estate more easily and accessibly.

“This is the beta version of our new project, thorough which we wanted to present a totally new platform, new ecosystem, new brand book, as well as a new navigation system,” Chumashvili said, going on to emphasize the main principles of the initiative. “Saving customers time and money are the main values of the ecosystem.”

“On the base of Allproperty.ge and with the help of TBC Bank, we managed to carry out this difficult project and make it real. I want to congratulate all Georgia on this achievement,” Chumashvili said.

The founder of the platform then moved on to an explanation of the more technical details, outlining the process of assessing a property as one of the most difficult processes.

“We give customers and vendors a unique chance to use our property assessment service and within 24 hours, or 6 hours (upon request), to get a certified assessment, enabling them to save time, learn the exact market price of the property and make decisions in accordance with that price,” noted Chumashvili.

The price of the service is set at 39 GEL and will be available countrywide, including major cities, villages, as well as in the highlands of Georgia.

The launch of the Livo.ge platform comes from a desire to make the Georgian real estate market stronger and more transparent.

As Livo.ge is a totally customer-oriented platform, it is to offer 3D-tours. These will be filmed with a unique camera, from one of the most outstanding startups in Silicon Valley and the most popular tool on the US real estate platforms, which will enable all interested individuals to see the property in the very best way online, saving time and enabling faster decision-making.

Chumashvili also spoke about the involvement of TBC in terms of the operation of Livo.ge.

“Despite the partnership between TBC Bank and Livo.ge, we are open to all banking institutions, not limiting the clientele in terms of choosing the most suitable bank for them to take a loan from,” he said.

In addition, he noted the ongoing negotiations with Google to present the exact locations of properties, which is of vital importance, and added that the Livo.ge team is sparing no effort to ensure secure transactions for customers.

“We are open to all kinds of feedback to make our platform more sophisticated,” concluded the Livo.ge founder.

Read more here.

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.

Miabannermay12

Editor

June 5, 2019

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Acerca de Lucas Vargas:

  • Empezó en Grupo ZAP como el VP de Sales y en 2016 cuando la empresa tenía 60 empleados. Fue nombrado COO de VivaReal tomando el mando de Brian Requarth el Co-Fundador. VivaReal lanzó en Colombia y se trasladó a Brasil. En 2017 se hizo CEO del Grupo ZAP.
  • Ha trabajado en Mexico en PWC y en el Banco Santander
  • Tiene un Master de Business Administration de Harvard
  • En noviembre este año después de la fusión de OLX Brasil y Grupo ZAP fue nombrado el CEO del OLX Business Unit. Lidera la empresa junto con Andries Oudshoorn y Marcos Leite
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Simon Baker is the Founder and Executive Chairman of Online Marketplaces and Property Portal Watch. Involved with property portals for 15 years, he’s a well-recognized expert and industry consultant.
As former CEO/MD of the REA Group for 8 years, Simon led the group to its current market-leading position. When he joined REA Group in 2001, it had $4m in revenues, $6m in losses and an $8m market cap.
By 2008, the company presided over $155m in revenues, $35m in EBITDA and enjoyed a peak market cap of $1b. Simon is currently Chairman of the Mitula Group and Real Estate Investar and a serial portal founder and, investor.