Tbilisi (GBC) - Foreign currency mortgages have become more expensive. The annual interest rate on mortgage loans in US dollars is determined from 8%. In the same period last year, it was within 7.7%.

Mortgages in local currency have become cheaper.

According to the National Bank of Georgia's monthly review, the interest rate on mortgage loans issued in the national currency decreased by 0.2 percentage points to 12.1%. There is a decrease compared to last year, last year it was 12.6%.

The banks’ mortgage loan portfolio, as of 01.01/2026, is 13.4 billion GEL, of which 9.3 billion GEL was issued in GEL.

Lending to non-residents increased in December. The equivalent of up to 40 million GEL was issued in foreign currency; 220 mortgage loans and 55 in GEL, a total of 8 million.