Real Estate Expert: Standard Loan Conditions Promote Development Sector

It is difficult to promote development projects under standard loan conditions”, real estate expert Shota Gujabidze noted. Standard mortgage loans make the construction process more expensive, he said.

“On real estate market commercial banks do not offer a development product. The development bank product implies certain conditions and preferences tailored to the real estate market. The lack of this product make us use the standard mortgage loan and this process makes the construction process more expensive.

Under the standard conditions, it is difficult to promote development sector”, real estate expert Shota Gujabidze noted.

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Real Estate Expert: Standard Loan Conditions Promote Development Sector

It is difficult to promote development projects under standard loan conditions”, real estate expert Shota Gujabidze noted. Standard mortgage loans make the construction process more expensive, he said.

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Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
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With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
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Real Estate Expert: Standard Loan Conditions Promote Development Sector

It is difficult to promote development projects under standard loan conditions”, real estate expert Shota Gujabidze noted. Standard mortgage loans make the construction process more expensive, he said.

Last 7 Days Hot Topic

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 03

Georgia Sees Surge in Electric Vehicle Registrations 04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
01

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
02

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
03

Georgia Sees Surge in Electric Vehicle Registrations
04

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06