As Georgian Prime Minister Giorgi Gakharia stated during the presentation of the developing business supporting plan, the government would help the construction business and citizens that decided to purchase apartments.
He is currently holding a meeting with developers.
In Gakharia's words, about 25,000 mortgage loans were concluded for the construction projects that have not been over yet.
As PM Gakharia said, the government planned to take mainly three measures:
1. The government will pay four percent of the mortgage loans taken from June 1 until the end of 2020. The government will cover the four percent for five years. i.e., four percent of the interest rate of mortgage loans will be subsidized for five years. The subsidy will apply to the credits that do not exceed 200,000 GEL.
2. The government will provide projects of 150 mln GEL value for IDPs, i.e., the IDPS will receive apartments three years earlier.
3. No allowances will take effect for the construction permits issued before 2013.
In Gakharia's words, "the government cannot leave the people and construction companies unaided.''
Bela Gelashvili
News Author