Tracking the Recovery

16 Apr, 2021
  • New mortgage issuance posted a decline in early April, following a sharp increase in March
  • Number of sold residential properties also fell in Tbilisi
  • Growth of total non-cash spending by residents remains sizable compared to 2019
  • Growth weakened for non-cash spending on fitness; non-cash spending on entertainment improved only marginally
  • Growth of non-cash spending on electronics has been stabilizing over the last three weeks, but still remains solid
  • Non-cash spending in restaurants nearing a positive growth territory; some improvement is also visible for non-cash spending in hotels
  • Remittance inflows maintained double-digit growth
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