Tracking the Recovery

30 Dec, 2020
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  • The 7 day MA of Tbilisi's residential real estate transaction registrations at +1% YoY as of December 25th 
  • Growth of spending on categories excluding grocery and pharmacy increased substantially, displaying a positive change, on the back of a temporary reopening, fueled by New Year’s pent-up demand
  • Growth picked up for spending on apparel, household goods and electronics, following the easing of restrictions in the pre-New Year period
  • Forward occupancy rates for December amount to 3% for Seaside, 7% for Tbilisi, 9% for Kakheti, while other regions posted the highest rate at 14%
  • Growth of remittances inflows in TBC Bank improved compared to the previous week, with inflows in the 21-27 December period resembling the level of 2019
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