Georgia’s commercial banks issued a record 6,644 new mortgage loans worth GEL 718 million in September 2026, according to National Bank of Georgia (NBG) statistics. The total value increased by 62% year-on-year, while the number of loans rose by 38%. No higher monthly volume has been recorded in any year.
In the first nine months of 2026, banks issued 46,358 new mortgages totaling GEL4.85 billion. The total value increased by 49% year-on-year, while the number of loans grew 24%.
The average size of a newly approved mortgage in 2026 reached GEL 104,600, up from GEL87,000 in the same period of 2025. The increase reflects rising property prices and the NBG’s reduction of the minimum down payment requirement from 15% to 10% in spring 2025, enabling borrowers to obtain larger loans with the same upfront contribution.
The average interest rate on new mortgage loans issued in Georgian lari stood at 10.88% in September, down 1.94 percentage points year-on-year.
Georgia’s outstanding mortgage portfolio totaled GEL14.85 billion, comprising 177,700 active loans.
