Tracking the Recovery

19 Feb, 2021
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  • Decrease in issuance of new mortgages moderated in the first two weeks of February
  • Tbilisi’s residential property transactions increased slightly, following a sharp drop in January
  • Resident non-cash spending on categories excluding grocery and pharmacy maintained positive annual growth as a result of the eased restrictions starting from February 1st
  • Among different categories, non-cash spending on apparel, construction materials, furniture and electronics display significant annual growth
  • Forward occupancies for February display a mild improvement in all regions, while the non-cash spending on HORECA remains largely unchanged compared to the previous weeks
  • Remittance inflows through TBC channels maintained a double digit growth
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