• 2019-05-21

As the main obstacle for buying an apartment
was named giving away a loan by bank (38%).


As it is known, new regulations of giving loans away, by banks and other financial institutions, has been come into force since 2019. The validation of the regulations has significantly changed the financial plans for a certain part of the population.
‘IPM Market Intelligence Caucasus’ has surveyed 400 respondents throughout Tbilisi about banking regulations regarding buying an apartment. The respondents are those people who have bought a flat during last 2 years or are going to buy in the next year.
As it turned out, the most of the respondents, 69%, have heard about banking regulations for taking out loans, and 31% - has no information about this issue. From those, who has heard about banking regulations, most people - 70% has purchased an apartment during last 2 years and about the same number - 71% are (still) going to buy a flat.
The respondents, who have heard about new banking regulations, described all the complications caused by validation of these regulations in detail.
A significant part of the respondents say that nothing has become complicated for them by entering new regulations into force (34%).
According to respondents’ answers, the main obstacle is ‘complication in taking out of loans’ (38%). Among other obstacles are ‘loans getting expensive due to appreciation of USD’ (8%), Decrease of loan limit’ (4%), ‘high income demand’ (4%), etc.