How to buy property in Georgia: a step-by-step guide for foreigners

Georgia attracts foreigners not only with its rich cultural heritage and majestic nature, but also with its affordable property market. Buy property in Georgia - is not just an investment in square metres, it is also an opportunity to experience a distinctive country where East meets West. For those considering relocation or additional investment opportunities, Georgia offers tempting conditions, from the ease of transaction processing to the possibility of obtaining a residence permit.

• Tbilisi: The heart of Georgia, combining ancient streets and modern skyscrapers. Here you will find a variety of offers on the market, from classic flats in the old town to modern flats in new neighbourhoods.
• Batumi: A Black Sea resort that attracts with its atmosphere. Buying property here, you get not only accommodation by the sea, but also access to the developed tourist infrastructure.
• Kutaisi: The third largest city, famous for its historical sights. Property prices here are more than attractive.
• Borjomi: Famous mineral water resort. Ideal for those looking for seclusion and relaxation surrounded by nature.
• Signakhi: The City of Love, as it is often called, is located in the heart of the wine region. The offerings here will fill your home with grape flavour and cosiness.

Legal status of foreigners when buying property

When it comes to property in Georgia for foreignersIt is important to understand which properties are available for purchase. In Georgia, foreigners can freely purchase residential and commercial property. The main thing is to choose the right accommodation, because the variety of offers is really impressive.

• Tbilisi: In the capital, foreign buyers will have no problems in acquiring property. The exception is agricultural land plots. However, this does not apply to flats in new residential complexes or flats in old houses.

The purchase of agricultural land by foreigners is restricted; however, it is possible to circumvent this restriction by opening a legal entity. This is especially relevant for investors interested in developing agricultural business.

• Batumi: A great place to buy an apartment on the coast. Here you will find a variety of offers from comfortable flats to penthouses with sea views. Commercial property is also available - Batumi is booming as a tourist centre.

Opening a company and buying property through it not only allows you to evade restrictions, but also to optimise your taxes. Many people choose this the way forward for long-term investments.

• Kutaisi and BorjomiThe market is less saturated in these cities, but prices are noticeably lower than in Tbilisi or Batumi. A great option for those looking for peace and quiet, as well as for those who are not chasing the hustle and bustle of big cities.

Choice of property type

When choosing a property in Georgia, it's important to understand which options best suit your needs and financial capabilities. Depending on your plans - whether for investment or personal residence - each type of property has its own features and benefits.

New buildings: These properties are particularly popular among foreigners. Numerous neighbourhoods such as Saburtalo and Didi Digomi are being actively developed in Tbilisi, where developers offer modern complexes with full infrastructure. If you are choosing a new building, familiarise yourself with the stages of construction, as it is most profitable to invest in the initial stages.

Secondary market: Tbilisi offers a wide range of secondary housing in historical parts of the city, such as Mtatsminda or Vera. This can be a great option if you are looking for a special Georgian charm with high ceilings and spacious rooms. However, be prepared to check the legal cleanliness of such properties.

Commercial property: In Batumi, an emerging tourist centre, it is popular to invest in commercial real estate - hotels, restaurants or office space. The city is actively expanding and the demand for commercial space is constantly growing due to the flow of tourists.

Building plots: In the vicinity of Batumi and Borjomi you can find attractive plots for development. This is a suitable option for those who want to build their dream home or even open a hotel business. However, be aware of the restrictions on agricultural land.

Special offers: In Sighnaghi, a famous wine region, you can find unique offers - for example, houses with wine cellars or your own vineyards. This is a choice for true connoisseurs of Georgian culture and winemaking.

Step-by-step instructions for buying a property

Buying property in Georgia can seem complicated, but with the right approach and preparation you can avoid the hassle and enjoy the process. Let's break down each step in more detail.

1. Searching and selecting an object: Start by exploring the neighbourhoods you are interested in. In Tbilisi, for example, Saburtalo and Vake are popular with foreigners due to their developed infrastructure. In Batumi, choose a property closer to the beach for a better investment. Use websites, reviews and advice from local agencies to make a list of suitable options.

2. legal due diligence of real estate: Contact an experienced lawyer who will check the property documents. This is especially important for secondary properties, as there may be hidden encumbrances or debts. There are many qualified professionals in Tbilisi who can help you avoid unpleasant surprises.

3. Drawing up and signing the sale and purchase agreement: Once you have selected a property and checked the documents, a lawyer will help you draw up a contract. Make sure it covers all the terms of the deal, including price, terms and possible guarantees. The document should be in Georgian and your mother tongue for your assurance.

4. Registration of the transaction at the House of Justice: Schedule a visit to the House of Justice to officially register the transaction. This is a mandatory step that completes the purchase process. In Tbilisi and other major cities, the registration procedure is fast and efficient, thanks to the digitalisation of the processes.

5. Obtaining an extract from the register: After the registration of the transaction, you will receive an extract from the state register confirming your ownership. This document is an official confirmation that you have become the owner of a property in Georgia. Keep it in a safe place.

Buying property in Georgia is not just an investment, but an opportunity to become part of an amazing country. By following these steps, you will be able to enjoy your new home without any hassle.

Remote property purchase

Buying property in Georgia from a distance can be a convenient solution, especially if you can't be there in person. By taking advantage of modern technology and reliable partners, you can make the transaction hassle-free.

Purchase by proxy: Appoint a representative to act on your behalf. This can be a personal acquaintance or a professional agent. There are agencies in Tbilisi and Batumi that specialise in such services, ensuring transparency and reliability of the transaction.

Required documents and procedures: To issue a power of attorney, visit a notary in your country. The document must be apostilled and translated into Georgian. Make sure that the power of attorney specifies all the necessary powers for the transaction.

Technology to help: Use video tours and online consultations. Many agencies in Tbilisi offer virtual walk-throughs of properties, which is especially useful for evaluating new buildings. This allows you to make a more informed decision.

Security of the transaction: Due diligence is crucial for a remote purchase. Hire a reliable lawyer in Georgia who will oversee every stage of the transaction and ensure your protection from possible risks.

Completion of the transaction: After signing all documents and registering the transaction at the House of Justice, your representative will receive an extract from the register. You can choose a convenient way of delivery of this document to you: post or courier service.

Buying property remotely in Georgia is not only a way to invest in the market, but also an opportunity to become part of this hospitable country from the comfort of your own home. Prepare thoroughly and the process will go smoothly and safely.

Financial aspects

Buying property in Georgia requires careful planning and understanding of all financial nuances. Let's look into this in more detail.

• Registration fees and additional costs: In Tbilisi and Batumi, registering property at the House of Justice usually costs around GEL 50-200, depending on the urgency. Take into account additional costs for notary services, translation of documents and lawyer's fees.
• Taxes on the purchase and ownership of real estate: There is no tax on the purchase of real estate in Georgia, which makes it particularly attractive to foreigners. However, if you own a property, you will pay an annual tax that varies from 0.1% to 1% of the value of the property. In Batumi, due to the tourist attraction, this tax may be slightly higher.
• Possibility to obtain residence permit with investments from $100,000: If you invest more than $100,000 in property, you can apply for a residence permit in Georgia. This opens up additional opportunities for travelling and doing business in the country. There are many attractive properties in Tbilisi and Batumi that fit these conditions.
• Property maintenance expenses: Depending on the city and type of property, maintenance costs may vary. In Tbilisi, utility costs average around 150-250 GEL per month, in Batumi they are slightly lower, especially due to savings on heating.
• Financial planning and loans: If you plan to finance the purchase through a loan, many local banks offer programmes for foreign investors. Terms and conditions may vary, so it is advisable to consult a financial advisor to choose the best option.

Knowing all the financial aspects will help you avoid unexpected costs and make buying property in Georgia more predictable and successful.

Opening a bank account in Georgia

Opening a bank account in Georgia is an important step for comfortable financial management, especially if you intend to purchase property or visit the country frequently. Let's look at the details of this process.

Account opening procedure for foreigners: Banks such as TBC Bank and Bank of Georgia make the process as simple as possible for foreign nationals. You will need a passport and, in some cases, a certificate of income. In Tbilisi, thanks to the availability of English-speaking staff, you will be able to go through all the steps easily.

Documents required: In addition to a passport, you may need proof of your residential address and a visa if you are staying in the country for a long time. In Batumi, known for its tourist flows, banks are already used to working with foreign clients and will help to solve all bureaucratic issues.

Choice of bank and services: Georgian banks offer a variety of services from standard current accounts to multi-currency and deposit accounts. Online banking is also available in Tbilisi and Batumi, allowing you to manage your accounts from anywhere in the world.

Advantages of Georgian banks: Opening an account with a local bank gives you the opportunity to enjoy low transfer fees and favourable loan terms. For example, in Kutaisi, banks often offer special programmes for property owners, which can be useful if you plan to invest in the region.

Safety tips: While the Georgian banking system is reliable, it is important to take precautions. Use complex passwords, set up two-factor authentication and regularly check your transaction history to avoid potential problems.

Currency handling: Most banks offer convenient conditions for working with different currencies, which is especially important for investors. You can easily exchange currencies at favourable rates, which is useful for both personal and business needs.

Opening a bank account in Georgia is not only a step towards convenience, but also an opportunity to optimise your financial transactions in the country. With the right approach, you can make the most of the local banking system.

Recommendations for choosing a property

Choosing a property in Georgia requires careful analysis and attention to detail. Here are a few recommendations to help you make the right choice.

Residential complexes in Batumi

from $39 820

REAL PALACE BLUE

Batumi

from 35.8m²

2026

from $260 000

Wyndham Grand Resindences Aqua

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from 31.2m²

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from $74 000

GREEN SIDE GONIO

Batumi

from 25.1m²

Surrendered

from $50 900

Next Gardens

Batumi

from 23.43m²

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Popular cities and neighbourhoods for investment:

• Tbilisi: The neighbourhoods of Saburtalo and Vake offer a variety of investment options. Saburtalo is known for its modern residential complexes and proximity to business centres, while Vake is known for its green areas and prestigious schools.
• Batumi: Waterfront apartments are becoming increasingly popular with tourists and investors. The proximity to the seafront provides not only great views but also easy access to cafes, restaurants and entertainment venues.

Tips for choosing a reliable property developer or seller:

Research the reputation of property developers. It is important to visit completed projects to assess the quality of construction. Talk to local residents or other buyers to learn about the real conditions and experience with the developer.

Market analyses and forecasts:

Follow economic indicators and trends in the property market. In Tbilisi, the demand for new buildings continues to grow, indicating stable investment attractiveness. In Batumi, the tourist flow is expected to increase, which makes investments in apartments by the sea particularly promising.

Assessment of infrastructure and amenities:

Make sure that your chosen neighbourhood offers everything you need for a comfortable life. In Tbilisi, a well-developed transport network and an abundance of shopping centres will make your daily life convenient. In Batumi, choose neighbourhoods with good transport links and proximity to major tourist attractions.

Development perspectives and personal preferences:

Determine what is more important to you - the dynamics of a big city or the tranquillity of a province. Borjomi and Signakhi, for example, offer a unique blend of nature and culture that may appeal to those seeking privacy and traditional Georgian charm.

With these factors in mind, you will be able to choose a property in Georgia that will not only be a good investment, but will also suit your personal preferences and life goals.

🔗 Useful links

1. House of Justice of Georgia (justice.gov.ge)
   Official site for real estate transaction registration and document verification.
2. National Agency of Public Registry (ANPR) (napr.gov.ge)
   Checking cadastral data, ownership history and encumbrances on the object.
3. Tax Service of Georgia (rs.ge)
   Information on property taxes, filing and payment of fees.
4. MyHome.ge
   Largest secondary property search site in Georgia with up-to-date listings.
5. TBC Bank и Bank of Georgia
   Georgia's largest banks for account opening, mortgages and money transfers.
6. Website of the Government of Georgia (gov.ge)
   The official source of laws and changes in legislation.

These questions and answers will help you better understand the process of buying property in Georgia and avoid common mistakes.

If you are interested in buying property in Georgia, we are ready to help you at every stage - from choosing the ideal property to finalising the deal. Our experts will provide full support, taking into account all nuances and your wishes. Leave a request on our website and we will contact you to discuss details and start searching for your future home in Georgia.