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.
See all the news
Regional Statistics of COVID-19
მთის კურორტებზე არსებული ბიზნესი ხელისუფლებას შეხვდა - გეგა სალუქვაძე საქმის კურსში
შესაძლოა, ბაზრობები 15 თებერვლამდე გაიხსნას
“აჭარისწყალი ჯორჯიას” ახალი აღმასრულებელი დირექტორი ჰყავს
Fines for Violation of Traffic Rules in Azerbaijan Amounted to USD 55 MLN during Jan-Sep 2020
Key Highlights in Global and Regional Markets
EASTERN EUROPEAN DNS FORUM WAS HELD IN GEORGIA
რატომ ვერ ვმართეთ კორონავირუსი? - #Forbesკვირა პროლოგი გიორგი ისაკაძე
Q&A: Ek Law Office
LVMH and Tiffany Agree on Lower Price for $16 Billion Takeover
Woman in Charge
Hualing FIZ: Four New International Companies to Establish Free Zone Businesses in Georgia
U.S. Investment Firm Asks Republic of Georgia for License to Mineral Rights on Block 12
Focus on Georgia - ADB
Focus on Ganja Gap in Nagorno-Karabakh’s Regional Conflict
Scientific Community Calls for Action Against Lockdowns
Georgian Government seize foreign-owned asset, referred to International Arbitration
Studying Abroad Costs Georgian Students €10,000–15,000
Franco Frattini - Georgia, straying from the rule of law