7 650 families have already benefited from the state program "Subsidized Mortgage Loan", with approved loans totaling GEL 932 million.

"The program supports families with kids under 1 year old who are in the process of obtaining a mortgage. Launched in 2021, the initiative aims to assist families in building or purchasing a home by subsidising mortgage interest for 5 years.

The maximum loan amount is GEL 200,000. Under the program, families receive an interest rate of 3.5% below the refinancing rate for their 1st and 2nd child, currently 4.5%. For the 3rd and subsequent children, the subsidy is 1.5% below the refinancing rate [currently 6.5%]. The program also applies to single parents, widows, adoptive families. It has proven to be a vital support mechanism for families with kids and confirmed it will continue, offering more families the chance to participate", - explained Irakli Gabriadze, Deputy Director of the Enterprise Georgia agency.

The distribution of apartments purchased with subsidized mortgage loans by region is as follows:

• Tbilisi 65.6%
• Adjara 8.7%
• Samegrelo-Zemo Svaneti 1.4%
• Samtskhe-Javakheti 4.3%
• Shida Kartli 3.3%
• Imereti 6.7%
• Mtskheta-Mtianeti 2.3%
• Kvemo Kartli 5.6%