---
title: "Real Estate Portfolio Inventory"
url: "https://legal.ge/en/service/valuation-advisory-services-en/real-estate-portfolio-inventory-en"
field: "Valuation & Advisory Services"
description: "Comprehensive real estate portfolio inventory in Georgia. Physical, legal, and financial asset verification. Find top experts on Legal.ge."
reviewed: "2026-07-09"
updated: "2026-10-14"
publisher: "legal.ge"
---

# Real Estate Portfolio Inventory

> Source: legal.ge, https://legal.ge/en/service/valuation-advisory-services-en/real-estate-portfolio-inventory-en

## Real Estate Portfolio Inventory in Georgia

Real estate portfolio inventory represents one of the most fundamental tools of corporate governance for large companies, financial institutions, and holding structures. In the modern business environment, where a significant portion of capital is frequently mobilized directly in real estate, the precise, detailed, and undeniable accounting of physical and legal assets is of vital importance. The inventory process is not merely a simple counting of objects; it is a highly complex audit, technical, and legal procedure that ensures absolute mutual consistency among the real physical condition of the real estate on the company's balance sheet (land plots, commercial spaces, industrial buildings), the data recorded in the Public Registry, and the internal accounting records. In Georgia, where the real estate market is developing dynamically, it is quite common to encounter changes in territorial borders, unregistered reconstruction of buildings, unauthorized additions, or inaccuracies in cadastral data. Such discrepancies create severe financial, tax, and legal risks for companies. A professionally conducted physical inventory provides management with an accurate, real-time picture of their own assets, which is absolutely essential for making sound strategic decisions, preparing International Financial Reporting Standards (IFRS) statements, calculating property taxes accurately, and managing assets efficiently. This comprehensive service is critically necessary prior to executing Mergers and Acquisitions (M&A) transactions, privatization processes, and attracting large-scale foreign or local investments.

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### Why is a real estate inventory necessary if we have Public Registry extracts?

Public Registry extracts show the legal status on paper, but they do not guarantee the physical reality. Buildings might have been demolished, illegally expanded, or occupied by squatters. An inventory reconciles the legal documents with the actual physical situation on the ground.

### How long does a full portfolio inventory take?

The timeline heavily depends on the size of the portfolio and its geographical distribution across Georgia. A smaller commercial portfolio in Tbilisi might take a few weeks, while a national holding with hundreds of agricultural plots and industrial sites can take several months.

### Does this service include drone mapping for large land plots?

Yes. For large-scale agricultural lands, forestry, or complex industrial zones, modern inventory teams frequently utilize drone technology and precise geodetic equipment to verify actual boundaries against outdated cadastral maps.

### Is real estate inventory mandatory in Georgia?

For large companies and financial institutions required to report under International Financial Reporting Standards (IFRS) by the Georgian Law on Accounting, conducting a periodic physical verification of fixed assets (inventory) is mandatory to ensure the balance sheet is materially correct.

### What happens if a "Ghost Asset" is found on the balance sheet?

A Ghost Asset is a property that exists in accounting records but has physically disappeared (e.g., an old demolished warehouse). The inventory report will document this, and the accounting department will be required to write off the asset, which may impact profit and property tax calculations.