In the first quarter of 2026, commercial banks in Georgia issued 12,835 mortgage loans worth a total of 1.28 billion GEL. According to National Bank of Georgia data, the value of mortgage lending increased by 34% year-on-year, while the number of loans grew by 20%.
The average mortgage size also rose to 99.6 thousand GEL, up from 89.5 thousand GEL in the same period of 2025. This increase is linked to rising real estate prices and a lower down payment requirement, which was reduced from 15% to 10%, allowing borrowers to take larger loans.
At the same time, borrowing became slightly cheaper. In March 2026, the average interest rate on mortgages issued in national currency stood at 11.88%, down by 1.45 percentage points compared to the previous year.
Overall, the data shows growing demand for housing loans alongside more accessible lending conditions, despite higher property prices in the market.
