Mortgage loans reached 6.51 GEL bil in 2017 in Georgia, according to the National Central Bank. This is 20.8 % more than in the previous year.
Historically, mortgage loans in Georgia reached an all time high of 6.51 GEL bil in 2017 and an all time low of 0.190 GEL bil in 2006. When compared to Georgia's main peers, mortgage loans in Armenia amounted to 209 AMD bil, 1.74 AZN bil in Azerbaijan, 5,187 RUB bil in Russia and 193 TRY bil in Turkey in 2017.
Georgia has been ranked 77th within the group of 89 countries we follow in terms of mortgage loans, 19 places behind the position seen 10 years ago.
A mortgage loan is a loan secured by real property through the use of a mortgage note.