Buy Property in Georgia

Buy property in Georgia, which has attracted a lot of attention from investors in recent years. This issue has also had a great impact on the economy of Georgia. Undoubtedly, in order to buy a property in another 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.

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.

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.

Georgia’s exceptional social security is one of the other factors that has attracted investors to purchase property in the country. It is interesting to note that in recent years, Georgia has consistently ranked among the safest countries in the world. It may appear strange, but if you live in Georgia, you might not hear about a theft or disturbance even once a year.

Property prices in Georgia have risen by an average of 40% over the last two years, prompting international investors to consider Georgia as a viable investment and property purchase destination. As a result, it is reasonable to conclude that investment in Georgia has increased significantly.

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.

Georgia can be considered one of the peaceful countries with global commercial and political relations. According to the Fraser Institute, Georgia is the 12th most free-traded country in the world, and as a result, investors are interested in buying property in Georgia.

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.

Georgia, is a country in Eurasian territory. This country is located between Europe, Russia, and Central Asia, and it is close to the countries mentioned above. This makes commuting much easier for the people of these countries. Also, Georgia can be reached by land, air, or sea, which is regarded as one of Georgia’s major advantages in the international transportation system and has prompted more international investors to consider to buy property in Georgia because it is simple and quick to travel to Georgia and use their property.

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

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.

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.

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.

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 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.

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.

Here are some of the best areas to invest in Tbilisi which is the capitol city of Georgia, these districts are by far the most popular options for both students as well as homebuyers and investors.

Vake is Tbilisi’s most prestigious district, known for its luxury and modern lifestyle. It has the city’s highest real estate prices. Vake, located in the western part of Tbilisi, has long been a popular residential area for wealthy Georgians and politicians. What distinguishes this neighborhood is its beautiful natural surroundings and a diverse range of recreational amenities, including the well-known Vake Park and numerous top-rated restaurants.

Saburtalo is one of Georgia’s best neighborhoods and the largest district in Tbilisi. This neighborhood has a variety of convenient amenities, including shops, universities, and restaurants. There are also numerous parks, both large and small, where you can spend summer evenings or take peaceful nighttime walks. Saburtalo represents modern living through a variety of architectural styles, ranging from sleek and luxurious to charmingly traditional.

Didi Dighomi is a neighborhood in Tbilisi with low property prices for both renting and purchasing, making it an excellent choice for living. There is no metro station in the area, but it is close to the city center and the Saburtalo district. You can easily get around using public transportation, such as buses, minibuses, and taxis. Didi Dighomi, located in the western part of Tbilisi, has experienced impressive growth and development in construction due to the availability of non-agricultural land. As a result, the majority of the buildings in this area are new.

Despite being slightly away from the city center, Isani is a viable option for living in Georgia due to its easy access to Tbilisi’s commercial districts. It is located in the southeast of the city, close to Old Tbilisi, and includes the popular Isani Mall. Property prices in this area are relatively low, and the presence of a metro station provides easy access to the city center.

Bagebi is a luxurious and desirable neighborhood in the heart of Tbilisi, Georgia. Its central location within the capital city distinguishes it as one of Georgia’s best neighborhoods. Bagebi provides a peaceful environment for residents and tourists, as well as convenient urban amenities, well-developed infrastructure, beautiful natural attractions, and a variety of architectural styles. Its close proximity to the prestigious Vake district allows for easy access to other vibrant neighborhoods.

Dighomi is a vibrant and culturally rich neighborhood in Tbilisi that is popular among both locals and visitors. Its central location in the city makes it easily accessible and is widely regarded as one of the best places to live in Georgia. The presence of a prestigious international university has increased demand for rental apartments in the area, attracting investors seeking a high return on investment.

There are many types of properties in Georgia in terms of construction which differ from finish type to type, in this section you can learn about the difference of construction types in Georgia such as: Black-frame, White-frame, Finished and furnished.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

1. 1. 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.
   2. 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.
   3. 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.
   4. 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.
   5. Payment and Ownership Transfer: Make the payment for the property and proceed with the transfer of ownership.
   6. Property Registration: The final step is to register the property at the Public Registry Office to officially confirm ownership.

The important point here is that non-Georgians can easily purchase any property in Georgia with only their passport and its translation into Georgian (which is handled by our lawyer).

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.

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.

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

Non-agricultural land in Georgia, as its name suggests, has a non-agricultural use. 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.

In Georgia, agricultural land is typically used to grow crops. According to Georgian law, non-Georgians are not permitted to purchase agricultural land or houses on agricultural land. Since the sale of agricultural land to non-Georgians buyers is prohibited, there is no need to elaborate in this article. Georgia attracts many agriculturalists due to its favorable weather and fertile soil. Leasing agricultural land in Georgia for long periods of time, such as 20 years, is a popular way to invest in agriculture, and it is especially appealing to international 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.

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.

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.

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 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.

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.

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.

Buying property in Georgia for foreigners has been a hassle for many people who are actively looking to move or invest in this country, therefor it is crucial to have the proper information about different ways which you can buy properties in Georgia as well as leasing them. Interestingly many people believe that to be able to buy properties in Georgia, you will need to have Georgian residential permit which is not true, according to Georgian laws it is possible for foreigners to purchase and sell properties as well as putting them up for rent. Stay with us to learn more about how you can buy and sell houses from outside of Georgia and the ways that it can benefit you in the future.

Contrary to belief, when purchasing houses in Georgia, the legal owner will always be the actual buyer of the house, which is you, and there won’t be any need for putting the house under someone else’s name and making a separate contract to regain the property’s ownership. The homebuyer will always be able to have as many houses under his/her name and not be inside of the country or even have any residential permit, this will be a hassle free and easy way of investing in Georgia as well as obtaining its residential permit overtime. Understanding the regulations and processes associated with buying, selling, and leasing property in Georgia empowers foreigners to make informed decisions regarding real estate investments in this country. Now that you are equipped with this crucial information, you can make an informed decision about Buying property in Georgia for foreigners and the future of your investment as well as future plans to move into Georgia.