Tracking the Recovery

12 Feb, 2021
  • Newly issued mortgages displayed a sharp deterioration in the first week of February
  • Growth of real estate transaction registrations in Tbilisi shows a weakening tendency, totaling at -15% YoY in January
  • Resident non-cash spending on categories excluding grocery and pharmacy displaying 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 the sharpest hikes
  • Forward occupancies for February increased in all regions, while the non-cash spending on HORECA remains largely unchanged compared to the previous weeks
  • Growth of remittance inflows through TBC channels remains on a double digit level
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