Tracking the Recovery

10 Sep, 2021
  • In August, growth of Tbilisi’s residential property transactions significantly increased, relative to 2019; New mortgage issuance moved to the negative growth territory during 1-6 September
  • Growth of total non-cash spending by residents on grocery and pharmacy showed a marginal decrease, while on categories excluding grocery and pharmacy remains stable
  • In August, growth of non-cash spending on hotels and restaurants, through TBC Bank’s channels, posted significant decline; The reduction tendency remains during the 1-6 September period
  • Growth of non-cash spending on apparel showed significant reduction, in August; Non-cash spending on entertainment moved to the negative growth territory
  • Non-cash spending on construction materials, furniture, and electronics is significantly decreased in August, however, positive growth tendency was observed during 1-6 September
  • In August, non-cash spending on doctor visits and medical equipment posted significant decline; Furthermore, decline in dynamics remains on medical equipment during 1-6 September
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