Over 100,000 families lose their homes because of bank debt in Georgia
Georgia, Tbilisi, Feb.29 / Trend, N.Kirtskhalia /
Georgian commercial banks sold the houses of 151,154 families because of debt on loans.
According to the Social Programs and Development Center, these people lost their homes and properties, and about 70,000 of them are almost on the street.
The Center's director Sofo Beroshvili said that the number of families left homeless due to bank debt is increasing every day.
"In 2008, 35,728 families lost their apartments; in 2009 this figure hit 38,799; in 2010 it climbed to 47,889, while in the first nine months of 2011 nearly 28,738 families were without homes. We expect to obtain data for the first quarter of 2012 in June - if no artificial barriers were created," Beroshvili said.