General Assessment

    Variable(2015)
    Data
    Main constraints in the development of the housing finance sector  
    New developments that will have a major impact on the sector 
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    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: 2010=100
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Although the National Bank of Georgia can set macroprudential policy, it has not directly influenced bank activities due to a weak legal framework
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Average of rates enforced during the year
    Notes: Completed units in Tbilisi, Batumi, and Kutaisi
    Notes: Completed units in Tbilisi, Batumi, and Kutaisi
    Notes: Completed units in Tbilisi, Batumi, and Kutaisi
    Notes: Completed units in Tbilisi, Batumi, and Kutaisi
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: CreditInfo Georgia is a subsidiary credit bureau of CreditInfo, an Icelandic group
    Notes: Flat rate of 5% taxed on capital gains from sale of residential property was introduced after 2015
    Notes: Habitat for Humanity's MicroBuild Fund began investing in JSC Crystal to help expand their housing microfinance portfolio
    Notes: Habitat for Humanity's MicroBuild Fund invests in JSC Crystal to help expand their housing microfinance portfolio
    Notes: Habitat for Humanity's MicroBuild Fund invests in JSC Crystal to help expand their housing microfinance portfolio
    Notes: IFC provided $75 million in long-term loans to Bank Republic for mortgage origination
    Notes: In 2019, the National Bank of Georgia introduced PTI and LTV caps
    Notes: In 2019, the National Bank of Georgia introduced PTI and LTV caps (60% PTI cap and 85% LTV cap)
    Notes: Includes all variable rate loans
    Notes: Includes all variable rate loans
    Notes: Includes all variable rate loans
    Notes: Includes all variable rate loans
    Notes: Max term limit of 15 was introduced on December 24, 2018
    Notes: National Bank of Georgia's Order no. 195/04 regulates data access
    Notes: No capital gains tax on sale of personal property if held for over 2 years.
    Notes: On December 24, 2018, a max term limit was set
    Notes: On December 24, 2018, the NBG introduced a max term limit of 15 years
    Notes: Order no. 281/04 of National Bank of Georgia requires all loan issuers to check credit history in bureaus before issuing a mortgage. It was passed December 24, 2018
    Notes: Property tax is a local tax levied on the market value of properties, excluding land. It varies according to the amount of annual family revenue of the individual.
    Notes: Property tax is a local tax levied on the market value of properties, excluding land. It varies according to the amount of annual family revenue of the individual.
    Notes: Property tax is a local tax levied on the market value of properties, excluding land. It varies according to the amount of annual family revenue of the individual.
    Notes: Property tax is a local tax levied on the market value of properties, excluding land. It varies according to the amount of annual family revenue of the individual.
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: Residential transactions in Tbilisi
    Notes: The Ministry of Internally Displaced Persons constructs and acquires housing units for internally displaced persons
    Notes: Varies between GEL50-200 (~USD20-80)