Part of economic experts is demanding the resignation of Koba Gvenetadze, the president of the National Bank. Specialists name as basis the new research of Real Estate Market by TBC Capital , which shows that the mortgage loans approved in January of this year are decreased by 47% compared to the previous year. Experts say that regulations on mortgage loans were not necessary. According to the same survey, number of permits issued on construction of residential property in Tbilisi has decreased by 45% compared to last year.
"As for the banking regulations, I would say that this brought a catastrophic result, it was an absolutely unprofessional solution, a non-collegial decision, I believe that the president of the National Bank should resign, - said the chairman of Association of Developers of Georgia, Irakli Rostomashvili.