Tracking the Recovery

20 Nov, 2020
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  • The newly issued mortgages showed an 18% YoY decrease in the first half of November
  • Of mortgages issued since 6th of July, 33.9% are beneficiaries of the state subsidy program
  • Growth of 7-day MA of residential real estate transaction registrations in Tbilisi back on the negative growth territory at -2% YoY as of November 12th
  • Growth in resident non-cash spending on categories excluding grocery & pharmacy remained stable following the downward sloping trend of the previous weeks
  • Compared to the previous week, a marginal increase is observed in November forward occupancies due to domestic last minute reservations
  • Non-cash spending in restaurants remaining at mid-June level in the November 11-17 period
  • Remittances inflow in TBC shows a slight increase compared to the previous week, standing at +6% YoY in the seven days of 9-15th November
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