The housing market in Georgia is facing a reduction

2020/01/dom-1-1578734504.jpg
Read: 976     13:30     11 ЯНВАРЬ 2020    

Experts predict a significant reduction in the Georgian housing construction market in the coming year. They associate it with several things at once. Among the key factors, experts highlighted the change in the system of obtaining loans. According to the Chairman of the Association of builders of Georgia, the market has suffered due to banking regulations, potential consumers have lost the opportunity to borrow money to purchase real estate. Sales of housing fell first by 50%, and then up to 30%, which led to a halt in some construction and lack of movement on new projects: it is necessary to implement already commissioned objects before starting to create the next.

apsny.ge





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The housing market in Georgia is facing a reduction

2020/01/dom-1-1578734504.jpg
Read: 977     13:30     11 ЯНВАРЬ 2020    

Experts predict a significant reduction in the Georgian housing construction market in the coming year. They associate it with several things at once. Among the key factors, experts highlighted the change in the system of obtaining loans. According to the Chairman of the Association of builders of Georgia, the market has suffered due to banking regulations, potential consumers have lost the opportunity to borrow money to purchase real estate. Sales of housing fell first by 50%, and then up to 30%, which led to a halt in some construction and lack of movement on new projects: it is necessary to implement already commissioned objects before starting to create the next.

apsny.ge





Tags: