Friday, December 19, 2014
House Prices in Georgia
“Despite an overall positive outlook, there are several key macroeconomic vulnerabilities that would impact the financial sector: (…) Sudden decline in asset prices. As more than half of domestic private credit is backed by real estate, continued increases in real estate prices toward the pre-collapse level in 2008 could become a source of vulnerability,” says a new IMF report on Georgia.
Posted by at 9:06 PM
Labels: Global Housing Watch
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