Georgia to subsidize mortgage loans to citizens

By Trend

The government of Georgia has decided to subsidize mortgage loans to citizens, Prime Minister of Georgia Giorgi Gakharia said while delivering a report to the parliament, Trend reports citing Georgia media

Gakharia noted that the process of subsidizing the mortgage loan will continue until the end of the year.

"We have already developed a specific plan. It’s not just the help for companies, but also for the citizens who have either decided to buy an apartment and improve their living conditions, or are already involved in the process, or have paid the down payment, or have started cooperation with a construction company and their apartment is under construction," he said.

All such risks will be insured by the state, said the prime minister.