According to the National Bank of Georgia, the volume of overdue mortgage loans has decreased. As of October 2025, GEL 94 million of the total GEL 13.3 billion mortgage portfolio was overdue for more than three months, accounting for 0.7% of the total portfolio. This represents a 0.13 percentage point decline compared to October 2024, when the share of overdue mortgages stood at 0.83%.
While the number of new mortgage loans issued in the first ten months of 2025 fell by 9.7% to 42,303 loans, the total portfolio value increased by 7.6%, reaching GEL 3.2 billion, driven by rising property prices. The average interest rate on mortgages issued in October 2025 was 12.45%, up 0.65 percentage points from the previous year.
The data indicates that despite fewer new loans being issued, Georgian borrowers are managing their existing mortgages more reliably, contributing to lower delinquency rates.
