Demand on the Real-Estate to Drop without Subsidy On the Mortgages – Company

08:42 Sat, 27 February

GEO

USD

$ 3.3255

EUR

€ 4.0322

GBP

£ 4.6258

RUB

₽ 0.0446

TRY

₺ 0.0045

AZN

₼ 0.0195

Bitcoin

47,786.1000

Ethereum

1,505.3800

Bitchoin Cash

497.5790

Litecoin

177.7520

XRP

0.4410

18.Jan .2021 13:30

Demand on the Real-Estate to Drop without Subsidy On the Mortgages – Company

167

Back

Author:Natia Taktakishvili

Consulting company Cushman & Wakefield Georgia published a report. According to the publication, sales transaction will drop in the real-estate sector from January to February, if the government does not continue subsidizing interest on mortgages into 2021.

Market players of the sector noted that subsidizing interest on mortgages assisted them to overcome the 2020 crisis.

Irakli Gogolashvili, general director of Anagi notes that if the government does not continue support of the real-estate sector, demand will be down on the real estate market.

“If the government does not continue subsidizing interest on mortgages into 2021, that will cause difficulties in the sector in 2021. Demand on the real-estate market will drop and as a result the volume of construction works will be reduced,” said Irakli Gogolishvili, General Director of Anagi Construction Company.

Real Estate Cushman & Wakefield Anagi

Related news

See all the news

All

1 year of COVID: more than 100,000 socially vulnerable, more than 53,000 unemployed, GEL depreciated by 16%

26.Feb.2021 22:00

Berdia Sichinava resigns and says "special thank you" to Giorgi Gakharia

26.Feb.2021 20:30

Conferences to resume from March 1, but the number of attendees remains unknown

26.Feb.2021 14:30

Resumption of Air traffic is considered for the Abashidze-Karasin meeting scheduled in March

26.Feb.2021 13:30

Georgian economy shrank in January

26.Feb.2021 12:30

Call on to open hotels, is like bait – Tour Company

26.Feb.2021 12:00

Demand on the Real-Estate to Drop without Subsidy On the Mortgages – Company

Related news

1 year of COVID: more than 100,000 socially vulnerable, more than 53,000 unemployed, GEL depreciated by 16%

Berdia Sichinava resigns and says "special thank you" to Giorgi Gakharia

Conferences to resume from March 1, but the number of attendees remains unknown

Resumption of Air traffic is considered for the Abashidze-Karasin meeting scheduled in March

Georgian economy shrank in January

Call on to open hotels, is like bait – Tour Company

IATA Updates its Forecast Saying Airlines Not Expected to be Cash Positive Until 2022

1 year of COVID: more than 100,000 socially vulnerable, more than 53,000 unemployed, GEL depreciated by 16%

TikTok To Pay $92 Million To Settle Class-Action Suit Over 'Theft' Of Personal Data

Berdia Sichinava resigns and says "special thank you" to Giorgi Gakharia

Prime Minister explains reasons for the complication of starting vaccination in Georgia

Boeing 777 makes emergency landing in Moscow after engine sensor problem

India imposes new rules on Facebook, Twitter and YouTube Rishi Iyengar byline

FDA advisory panel to review Johnson & Johnson COVID-19 vaccine with thumbs up expected

Deutsche Telekom records record-breaking revenue

Covid-19’s $24 Trillion Cost (So Far) Means Economics Will Never Be The Same