Georgian commercial banks issued GEL 360 million in mortgage loans to individual loaners in December 2024, a 7% and a 14% decline compared to November and the same period last year, respectively.
The sector accommodated a total of GEL 4.2 billion in new mortgage loans throughout 2024 despite the slowdown associated with the end of the year, reflecting a 12% increase on top. Growth was documented every month except January and December, emphasizing positive trends in the mortgage markets despite seasonal fluctuations.
