NBG: THERE IS NO “PRICE BUBBLE” ON REAL ESTATE MARKET

In spite of difficulty of studying prices on Georgian real estate market, we have no bases to assume on the basis of existing data that there is a so-called “price bubble” on the country’s real estate market, National Bank of Georgia (NBG) declares.

According to NBG, risks of formation of a “price bubble” on the real estate market are low, as ratio of apartment price to rent cost is close currently to a long-term mean showing.