Buy Property in Georgia

Buy Property in Georgia

Buy property in Georgia is one of the common ways to obtain residence in Georgia, which has attracted a lot of attention from investors and foreigners in recent years. This issue has also had a great impact on the economy of Georgia. Undoubtedly, in order to buy a property in a foreign country, you will need extensive research so that you can safely step on this path. Therefore, if you intend to buy property in Georgia, stay with us to get comprehensive and complete information about this issue.

Advantages Of Buy Property In Georgia

Buy property in Georgia has many advantages, the most important of which are the absence of taxes, high social security, reasonable property prices, and pleasant weather. This factor has led to an increase in the number of investors and immigrants in this country in recent years.

No Tax For Property Maintenance in Georgia

No Tax For Property Maintenance in Georgia

One of the main reasons for the popularity of buying property in Georgia among foreigners is the absence of property taxes. In fact, according to the rules about tax in Georgia, a person who owns a property in Georgia will not need to pay any taxes just to maintain and use the property.

Reasonable Property Prices in Georgia

Reasonable Property Prices in Georgia

Another advantage of buy property in Georgia is the reasonable price of property in this country. In the best area of Tbilisi, which is the capital of Georgia, in a tower with many amenities, including a swimming pool, club, meeting hall, etc. you can buy a furnished apartment unit for about $3,000 US per square meter.

Compared to many countries, especially similar countries, this price is equivalent to the price of a simple property in a medium area. Also, for example, if you are planning to buy a furnished apartment unit in the middle area of Tbilisi city in a normal building, you can experience a good purchase by paying about $1,200 per square meter, which is also very cheap, compared to many similar countries.

The Effect of High Social Security in Buy Property in Georgia

The Effect of High Social Security in Buy Property in Georgia

Georgia’s incredible social security is one of the other factors that have attracted foreigners to buy property in this country. It is interesting to know that in recent years, Georgia has always been among the safest countries in the world. It may seem a little strange, but if you live in Georgia, you may not hear about a theft or disturbance even once a year.

Georgia Economic Growth For Property Buyers

Georgia Economic Growth For Property Buyers

In the last 2 years, property prices in Georgia have increased by an average of 40%, which has made foreign investors choose this country as a suitable destination for investment and property purchase. Therefore, it can be said that investment in Georgia has grown significantly.

The Pleasant Climate of Georgia

The Pleasant Climate of Georgia

The excellent climate conditions and the beautiful nature of Georgia can be seen as other reasons for the popularity of buy property in Georgia. This country has 4 seasons and is rich in natural resources, including fertile soil and abundant water.

Good International Relations of Georgia

Good International Relations of Georgia

Georgia can be considered as one of the peaceful countries that has commercial and political relations for the world. Fraser Institute has ranked Georgia as the 12th country in the world in terms of free trade, and for this reason, buy property in Georgia has attracted the attention of foreign investors.

Appropriate behavior of the native people of Georgia with foreigners

Appropriate behavior of the native people of Georgia with foreigners

Georgian people are very hospitable and kind and have a very good relationship with foreigners. For this reason, the number of immigrants to this country is always increasing. If you travel to this country, you can easily feel this good behavior.

Geographical Location of Georgia

Geographical Location of Georgia

As you know, Georgia is a Eurasian country. This country is located between Europe, Russia and Central Asia and it is not far from the countries located in the mentioned regions. In this way, commuting is very easy for the people of these countries.

Also, it is possible to travel to Georgia in 3 ways: land, air and sea, which is considered one of the important advantages of Georgia in the transportation system abroad and has caused more foreigners to think about buy property in Georgia because it is easy and in a short period of time, they can travel to Georgia and use their property.


Conditions For Buy Property in Georgia

Conditions For Buy Property in Georgia

To buy property in Georgia, you first need to find a reliable and professional property consultant to introduce you to the best property files according to your budget and conditions. First of all, it is recommended to know the different cities of Georgia and get complete information about each of them.

Check several different files including villas, apartments and land so that you can find the area you want to buy property in Georgia. After the property has been approved by you, you need to go to the Public Utilities Office with the seller of the property, who will be a person or a company, and while paying for the property in cash or transfer to the seller’s bank account, sign the property and transfer documents.

It is possible to receive the document of the purchased property in 3 ways: on the same working day by paying 300 GEL, after 1 working day by paying 220 GEL and after 4 working days by paying 75 GEL. The document is issued online and you can easily view your property document by entering the property registration code on the Georgian Real Estate and Documents website. This issue has had a significant effect in preventing any abuse and fraud.

The noteworthy point here is that you can sign the documents in a translated form in the presence of an official translator in the government offices of Georgia in the language you are fluent in. This will help you stay away from scammers and read the text you sign carefully and completely.

To buy a house in Georgia, two different categories should be considered: General conditions of the building – Internal conditions of the building

First, we examine the general conditions of the building, which itself is divided into two general categories: Finished buildings – Buildings under construction


Buy Apartment in Georgia

We will skip talking about the finished buildings because as their name suggests, they are finished and need no explanation. So we go to the explanation about the buildings under construction.

One of the most important points about the buildings under construction is that these buildings are divided into two categories according to the document: one category is the buildings under construction that are under construction under the supervision of the municipality, and the separate document of its units from It is ready at the very beginning and you can get Georgia residency by buy them (generally these buildings are projects built by reputable construction companies) and the other category are buildings under construction that have the original or so-called popular documents.

They have a master document, and the separation document for its units will not be prepared until the completion of municipal work and government works, and the very important point here is that you cannot obtain residence by purchasing such buildings, because there is still no separation document for each unit, and you need to obtain residence. You need a separate document, so please be very careful in buy property in Georgia with the aim of obtaining accommodation in buildings under construction.

Note: It is not out of place to mention that you can always get a better profit by buying buildings under construction anywhere in the world. You just have to make sure that you choose the right project, the experts of Sisno Group are ready to advise you in these choices and buy property in Georgia. After checking the general conditions of the buildings, we will check the internal conditions of Georgian properties. You can buy real estate in one of the following four domestic situations

Price of Apartments in Georgia

The cost of apartments in Georgia has undergone significant changes and advancements in recent years. One of the factors that make purchasing an apartment in Georgia appealing to investors is the comparatively low property prices compared to European countries. However, it can be generally stated that apartment prices in different cities or regions of Georgia vary based on various criteria. Let’s explore this topic in more detail.

Average Price of Apartments in Georgia

As mentioned previously, the price of apartments in Georgia is determined by various factors. Typically, there is greater demand from investors to purchase properties in major Georgian cities such as Tbilisi and Batumi. The average price of apartments in Tbilisi is $1,600 per square meter, while in Batumi, it is $1,500 per square meter. In fact, the average price of apartments in Georgia is determined based on the specific city. However, there are other factors involved in this matter, which we will discuss in detail in the following section.

Factors Influencing the Price of Apartments in Georgia

As mentioned earlier, apartment prices in Georgia are influenced by various factors, including economic, social, and political factors.

  • Location: If you examine the article comparing apartment prices in Tbilisi and Batumi, you will find that one of the main factors affecting property prices in Georgia is the location. Naturally, property prices in major cities like Tbilisi and Batumi are higher than in other cities. However, these cities are also divided into different districts, and property prices vary in each district.
  • Economic Situation: Economic growth, inflation rates, and exchange rates directly impact housing prices. Economic prosperity usually results in increased purchasing power and, consequently, higher prices.
  • Market Conditions: Demand and supply in the housing market in Georgia play a significant role in determining prices. Increased demand usually leads to higher prices.
  • Growth in the Tourism Industry: Tourism is one of the main industries in Georgia. The growth of the tourism industry can increase the demand for short-term apartment rentals and, therefore, drive up prices.

Apartment Prices in Other Georgian Cities

Cities like Tbilisi, Batumi, Kutaisi, and Gori are recognized as popular destinations for investors and buyers in Georgia. Each of these cities has its own distinct characteristics and advantages that affect apartment prices. Tbilisi, as the capital of Georgia, has a more active housing market. Next, Batumi, with its beautiful beaches and tourist activities, is one of the most sought-after destinations for real estate investment. Kutaisi and Gori are also cities that have gained recognition as attractive destinations for property purchases in Georgia in recent years. Apartment prices in these cities are generally lower than in Tbilisi and Batumi, but due to rapid growth in the housing sector, the investment value is increasing. However, the most important aspect when buying an apartment in any city in Georgia is conducting a thorough analysis of the market, location, and local amenities.

The Price of Apartments in Different Areas of Georgia

The cost of apartments in Georgia varies significantly across different areas, much like in other countries. Tbilisi is a highly sought-after destination for property investors in Georgia. The city is comprised of various neighborhoods and districts, each with its own distinct characteristics. Vake and Saburtalo are among the priciest neighborhoods for buying apartments in Georgia, attracting a lot of property buyers. On the other hand, the cheapest neighborhoods for apartment purchases in Georgia include Isani, Varketili, and Didube. Regardless of the price, it is advisable to be familiarize with the best neighborhoods in Georgia to make an informed decision when buying property.

Seaside Apartments in Georgia

Georgia, with its breathtaking beaches along the Black Sea coastline, is renowned as a beautiful and popular travel and entertainment destination worldwide. Seaside apartments in Georgia offer stunning views and convenient amenities, making them an attractive option for investment and living. Coastal cities like Batumi combine urban life with the soothing sound of sea waves and awe-inspiring beach vistas. The seaside apartments in these cities boast modern designs and luxurious facilities, making them particularly appealing. In addition to the abundant attractions, seaside apartments in Georgia also present reliable investment opportunities.

Types of Properties in Georgia in Terms of Construction

Black building or black frame

Black building or black frame

This type of property, which is very popular in Georgia, is actually a building that is apparently completed. In the Black frame property, the facade of the building, corridors and common areas are complete, but when you enter the unit, you will see an empty cement cube.

In this type of property, the electricity, gas and water branches are extended to the door of the unit and you have to complete the inside of the unit yourself according to your taste. If you intend to buy this type of property in Georgia, you can get help from a professional and experienced design and renovation team to design and implement your building from 0 to 100 at the most suitable price and in the shortest possible time.

White Building or White Frame

White Building or White Frame

In this type of property, as in the previous case, the facade of the building and common areas have been completed, but when you enter the unit, in addition to the internal walls, you will see that simple plastering, gas piping, and internal electrical wiring have also been done to some extent.

In this way, it will be up to you to make the floor, ceiling and walls. To complete the white or white frame building in Georgia, you can also get help from the building renovation expert team in the design and renovation department.

Completed Building

Completed Building

In this type of building, all the internal affairs are done and the only thing you need to do is move the household appliances inside the property so that you can use them.

Furnished Building

Furnished Building

In this type of property, all works are done and fully decorated. Therefore, the necessary items for living are at home and you only need to move your personal items.

Prices of Different Types of Apartments in Georgia

Real estate in Georgia is generally categorized based on various criteria, including the construction type of the properties. Newly constructed apartments typically command higher prices compared to units in older buildings. Therefore, it can be said that both the location and the type of apartment construction influence its price. Let’s delve further into this matter.

Prices of Different Types of Apartments in Georgia

Prices of Newly Constructed Apartments in Georgia

With the growth of the construction industry in Georgia, newly constructed apartments have become popular choices for buying and investing in the housing market. These apartments feature modern designs, luxurious amenities, and high-quality building materials, making them highly appealing to investors and buyers. The price of newly constructed apartments in Georgia is influenced by several factors, including location, building amenities, and the prevailing economic situation.

Prices of Old Apartments in Georgia

Older apartments in Georgia generally have lower prices compared to newly constructed ones. These apartments are more affordable due to their age, construction quality, and the need for renovation. However, the lower price is accompanied by other advantages, such as

  • central location in the city
  • the opportunity to purchase a larger-sized property compared to a similarly priced new construction
  • the flexibility to renovate the property according to the buyer’s preferences

Price of furnished apartments in Georgia

One of the most popular types of properties to buy or rent in Georgia are furnished apartments. The price of furnished apartments in Georgia depends on various factors we mentioned earlier, such as location and the age of the property. Furnished apartments in Georgia come with essential household equipment like a refrigerator, television, washing machine, furniture, beds, closets, and kitchen utensils. Due to these amenities, furnished apartments have higher prices compared to unfurnished ones.

Price of furnished apartments in Georgia

Luxury Apartment Prices in Georgia

In recent years, the construction industry in Georgia has seen significant growth due to increased investment. Luxury towers and apartments have emerged in cities like Tbilisi and Batumi, built by well-known Georgian construction companies. Naturally, these luxury buildings have higher prices compared to regular ones. Some famous examples include

  • Green Hill
  • Green Diamond
  • Archi
  • M2
  • York Tower
  • Tbilisi Gardens

The price of luxury apartments in Georgia varies based on the aforementioned criteria we discussed earlier. For instance, prices for apartments in the Archi project in the Didube-Dighomi district start at $1100 per square meter, but the same project in the Saburtalo district has a higher price.

Buy Villa in Georgia

One of the types of property that is very popular in Georgia is a villa. The price of a villa in Georgia is very reasonable and cannot be compared with other countries. For example, you can buy a luxury 300 square meter finished villa on a plot of about 1,000 square meters in one of the best villa areas of Tbilisi for around $450,000 to $600,000. When buy a villa in Georgia, you should keep in mind that the land must be non-agricultural. Villas built on agricultural land cannot be bought and sold by foreigners.

Buy Villa in Georgia


Buy Land in Georgia

If you are planning to buy land in Georgia, stay with us to check the types of land in Georgia.

Buy Non-Agricultural Land in Georgia

Buy Non-Agricultural Land in Georgia

Non-agricultural land in Georgia, as its name suggests, has a non-agricultural use. Buying and selling this type of land is allowed for foreigners, and foreigners who intend to buy property in Georgia can buy and sell this type of land without any problems. The important point for those who want to use non-agricultural land for their desired construction is to check its construction permit and the level of occupancy (k1) and its density (k2).

The simplest and most understandable definition can be expressed as the occupation level means how much of the area of this land can be built and the density means how many meters of buildings can be built in that occupation level. For example, the ground is 1,000 meters and its occupancy level (k1) is 0.5; it means that a building can be built on 500 meters of this land and the rest is for the yard and common areas. And its density (k2) is 1.5; it means that 1,500 meters of building can be built on the occupied level of this land.

Buy Agricultural Land in Georgia

Buy Agricultural Land in Georgia

In Georgia, agricultural land is usually used for growing crops. According to Georgian laws, foreigners are not allowed to buy agricultural land or houses located on agricultural land. Since the sale of agricultural land to foreign buyers is not allowed, there is no need to explain this further in this article.

Due to the very favorable weather conditions and fertile soil in Georgia, many people interested in agriculture visit this country. Leasing agricultural land in Georgia with long periods like 20 years is possible, it is a common way to invest in agriculture and it is particularly attractive for foreign investors.

It is necessary to explain that the demand for non-agricultural land is high due to the profit and suitable environment for investing in the construction industry in Georgia, but note that buying non-agricultural land in Georgia has very small and important points that should be consulted by professional experts in buy property in Georgia. Therefore, the experienced experts of SisnoGroup are ready to advise and accompany you in this matter.

Important Points to Consider When Buying an Apartment in Georgia

People intending to buy real estate in Georgia will undoubtedly face the challenge of where to start. What is the first step in buying property in this country? Which city or region is preferable for purchasing property? What documents are required to buy an apartment in Georgia? In the following, we will provide comprehensive and detailed explanations in this field.

Steps to buy apartment in Georgia

When purchasing property in Georgia, individuals may face various challenges and questions. Here are some important considerations:

  • Research and Property Selection: Start by researching and selecting a suitable property. Analyze the legal status, location, amenities, and prices of apartments to make an informed decision.
  • Cooperation with a Consultant or Real Estate Agency: Working with a local consultant or real estate agency can provide valuable guidance and information about available properties and relevant laws. Sisno Group, with extensive experience in the Georgian real estate sector and a multilingual team, can offer specialized consultation.
  • Legal Review: Before signing any contracts, it is crucial to have a lawyer or legal consultant review the legal status of the property, including ownership and debts.
  • Negotiation and Contract Signing: Once the property is selected and the legal review is complete, negotiate the terms and sign the purchase and sale contract, agreeing on the price, delivery date, and other details.
  • Payment and Ownership Transfer: Make the payment for the property and proceed with the transfer of ownership.
  • Property Registration: The final step is to register the property at the Public Registry Office to officially confirm ownership.

Required Documents for Buying an Apartment in Georgia

The noteworthy point here is that foreign nationals can easily purchase any property in Georgia by having only their passport and its translation into Georgian (which is done by our lawyer).

Ancillary Costs for Buying an Apartment in Georgia

When purchasing property in Georgia, in addition to the property price, there are additional costs to consider. These ancillary costs may include:

  • Debts: Housing loans in Georgia are a common method for purchasing property. It’s important to check if the previous owner has paid off any housing loans attached to the property. If there are remaining installments, they can be deducted from the property price.
  • Property deed issuance fee: Once the property is fully paid for, a property deed needs to be signed and issued. The fee for property deed issuance varies based on the processing time, with fees of 350 GEL for same-day processing, 270 GEL for processing within 24 business hours, and 150 GEL for processing within 4 business days.
  • Maintenance and repairs costs: If the property is unfinished, you’ll need to furnish it. For older properties, renovation or refurbishment may be necessary. Additionally, costs related to maintaining and repairing the property’s utility systems should be considered.
  • Property management costs: If you plan to rent out the apartment, factor in the costs associated with property management. However, if you purchase a property from Sisno Group, you can benefit from their free property management services in Georgia. Whether you own a single property or hundreds of apartments, our professional team will manage all your properties excellently.

Investing in Real Estate in Georgia

Investing in the real estate market in Georgia is a popular choice for both domestic and foreign investors. The country’s strategic location and investor-friendly regulations make its housing market highly attractive. Purchasing property in Georgia has become a sustainable investment method that appeals to investors worldwide.

Advantages and Disadvantages of Investing in Georgian Real Estate

Investing in Georgian real estate offers several advantages that have drawn the attention of investors worldwide. These advantages include:

  • Rapid market growth: The real estate market in Georgia is expanding, providing numerous investment opportunities.
  • Favorable property laws: Georgia has investor-friendly property laws, allowing non-residents to easily purchase any type of property in the country.
  • Significant returns: Investment in Georgian real estate often yields favorable returns, with the potential for substantial profits. Rental prices for apartments in Georgia are attractive, enabling property owners to generate significant rental income. If you want to get more information about renting property in Georgia, click here. The rental housing market in various cities in Georgia is active, further enhancing the potential for rental profits in Georgia.

Frequently Asked Questions about Price of Apartment in Georgia

How much money do I need to buy an apartment in Georgia?

The minimum amount to consider for buying an apartment in Georgia is $60,000.

When is the best time to buy an apartment in Georgia?

The ideal time to buy an apartment in Georgia is during January and February, followed by October and November.

Can I obtain residency by buying an apartment in Georgia?

Yes, purchasing an apartment or any property worth at least $100,000 can qualify you for residency in Georgia.

What is the best way to find an apartment in Georgia?

The most effective method for foreign investors seeking a property in Georgia is to connect with a reliable and reputable real estate agency that can provide accurate and comprehensive information.

General Costs of Buying Property in Georgia

The cost of living in Georgia is significantly lower compared to European and Western countries. While the cost of living in Tbilisi, the capital city, has a higher cost of living than other cities in the country, it is still very affordable. Housing rent, food expenses, and transportation are the main costs of living in Georgia, and they are much lower compared to Western countries. When comparing the cost of living in Georgia with other countries, you will realize that you can have a relatively good quality of life with an affordable amount of money. Batumi’s cost of living ranks second is more expensive than other cities except for Tbilisi. The cost of living in other cities in Georgia is naturally cheaper and much more affordable compared to Tbilisi and Batumi.

Basic Costs of Buying Property in Georgia

Basic costs of living in Georgia, a country in the Caucasus region renowned for its stunning natural landscapes, rich culture, and ancient history, is attractive to many immigrants and tourists. With a developing economy and lower expenses compared to many European and North American countries, Georgia is a desirable destination for those seeking a high quality of life at a lower price. Renting housing in Georgia is reasonably priced, allowing you to secure a clean and desirable apartment in a convenient location without breaking the bank. Additionally, the cost of food and groceries in Georgia is relatively low, enabling you to afford a variety of food items on a reasonable income. Transportation, utilities, healthcare, and education expenses are also comparatively affordable in Georgia, making it an economical place to live. The country is particularly attractive to students due to its low cost of education, allowing individuals to study at international schools and universities with European educational standards at a reduced expense.

When comparing the cost of living in Georgia with other countries, it becomes evident that Georgia offers a cost-effective option for a comfortable life. Not only does Georgia fare well in terms of living costs compared to European countries, but it remains more affordable than neighboring countries as well.

Cost of Living Based on Lifestyle in Georgia

The cost of living in Georgia depends not only on the country itself but also on an individual’s lifestyle just like anywhere in the world. The average income for a person in a regular job position in Georgia is around 1200 GEL, which is sufficient for one person’s living. As stated, expenses can vary based on lifestyle, as one person may manage their expenses with 500 GEL and save the rest, while another person may spend the entire amount. The impact of lifestyle on expenses in Georgia should not be overlooked, and the cost of living can vary for each person based on their individual choices.

When calculating the cost of living in Georgia, it differs for each person based on their lifestyle. Generally, Georgia is one of the most affordable countries in terms of living costs when compared to European countries. However, if you desire a more cost-effective life, you can still enjoy a good standard of living with a lower income by employing cost-saving strategies in Georgia. This doesn’t imply a life devoid of entertainment and excitement. Instead, by being aware of affordable recreational activities in Georgia, you can adopt a fulfilling lifestyle at a reduced cost.

Comparison of Georgia with Other Countries in Terms of Cost of Living

When comparing the cost of living in Georgia with other countries, it becomes evident that Georgia offers a cost-effective option for a reasonable life. Not only does Georgia excel in terms of living costs compared to European countries, but it also remains more cost-effective when compared to neighboring countries.

Frequently Asked Questions About Buy Property in Georgia

Is it possible to get Georgia residency through property purchase ?

Yes, you can get a temporary residence in Georgia by buy a property worth 100 thousand US dollars and a permanent residence in Georgia by buy a property worth at least 300 thousand US dollars.

How long does the administrative process of buy property in Georgia take?

The administrative procedures take about an hour at the public service office and you can get your property deed in one of three ways on the same day by paying 300 GEL, after 24 working hours by paying 220 GEL and after 4 working days by paying Receive 75 GEL.

Can I buy property in Georgia if I don't live in Georgia?

Yes, in order to buy a property in Georgia, it is not necessary to reside in this country, and you can purchase a property in Georgia only by holding your passport.

Should the money needed to buy property in Georgia be paid in cash or by bank transfer?

According to the agreement with the seller, the buyer can pay the purchase price of the property both in cash and by bank transfer.

Is property ownership in Georgia definitive and does it include the monopoly of inheritance?

Yes, property ownership in Georgia is definitive and 100% and also includes laws related to inheritance monopoly.

How can agricultural land be distinguished from non-agricultural land?

This issue is clearly stated in the property document.

Is it possible to live on a minimum wage salary in Georgia?

The minimum wage in Georgia is 800 GEL, which is sufficient to cover an individual’s living expenses, excluding housing rent.

How can the cost of living in Georgia be reduced?

To reduce the cost of living in Georgia, simple solutions like shopping at local markets instead of large stores can be considered.

Is living in Georgia affordable?

Living in Georgia is more affordable compared to European countries and neighboring countries.

How much money is needed to live in Georgia?

The amount needed to live in Georgia varies depending on one’s lifestyle, but generally, a couple can maintain a moderate lifestyle with a monthly income of $1500, which includes housing rent.

Do you have to pay taxes to maintain property in Georgia?

No, property maintenance in Georgia is not taxed, but if you sell your property after two years and make a profit from the sale of your property, you must pay five percent of your profit as tax.