Tracking the Recovery

4 Sep, 2020
  • YoY change in mortgages almost identical to last year’s level, standing at +1% YoY in the week ending on 31st of August
  • Of mortgages issued since 6th of July, 36% are beneficiaries of the state subsidy program
  • Transaction registrations somewhat improved, currently at -13% YoY
  • Actual occupancy rates for August constituted 24% for other regions, 28% for seaside, 39% for Kakheti, and 4% for Tbilisi
  • The week’s change in the occupancy for September indicate growth for seaside (+2 p.p.) and other regions (+1 p.p.), a decrease for Tbilisi (-1 p.p.), and no change for Kakheti
  • Non-cash spending on hotels and restaurants back on the recovery track for the past two weeks
  • Remittances inflow in TBC remain on the positive growth territory, standing at +19% YoY in the seven days of 24-30th August
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