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

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

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

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

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 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

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

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

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

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

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

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

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

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

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 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.

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.