In an era of rapid digital development and modern technology, executing major deals, such as buying property in Georgia remotely, has become a reality and accessible to investors worldwide.
Visiting Georgia is no longer a requirement to acquire a property in a strategic location, whether in Tbilisi or Batumi. Today, this option is a prominent trend in the international real estate market, especially with governmental encouragement of foreign investment and the simplification of legal procedures.
This guide for foreign investors on buying property in Georgia provides you with a detailed explanation of each step in the process, from identifying the appropriate property to the electronic signing of contracts, going through the method of buying property in Georgia remotely, to how to invest in real estate in Georgia for investors.
We will explain how to obtain residency through buying property in Georgia for investors and highlight the most prominent opportunities for buying an apartment in Tbilisi or properties for sale in Batumi. We will also discuss the role of Mbany Real Estate in facilitating this process safely and professionally.
Why Choose Georgia for Real Estate Investment?
An Attractive and Safe Investment Environment
Georgia is characterized by stimulating investment policies that make it an ideal destination for investors from all over the world. The state grants full ownership of property to foreigners without the need for a local partner, which enhances the confidence of foreign investors.
Furthermore, the laws protecting foreign investors are strict and ensure complete transparency in transactions. Real estate investment in Georgia is an ideal option for those looking for safe and fast-growing investment opportunities.
Competitive Property Prices Compared to Neighboring Countries
Georgian properties for investors are characterized by relatively low prices compared to market value, with attractive rental yields, especially in tourist areas. For example, you can buy an apartment in Tbilisi for a reasonable amount and then rent it to tourists or students, achieving returns exceeding 7% annually.
Steps to Buying Property in Georgia from Abroad
Identifying the Required Location and Specifications
Before starting the process of buying property remotely in Georgia, the investor must determine the type of property required (residential, commercial, tourist) and the preferred location, whether in the capital Tbilisi or the coastal city of Batumi.
It is common for foreign investors to start by buying an apartment in Tbilisi for long-term rental purposes or looking for properties for sale in Batumi to rent out during the tourist seasons.
Cooperating with a Licensed and Reliable Real Estate Company
It is advisable to rely on a professional company such as Mbany Real Estate, which has extensive experience in the Georgian market, offering integrated services that include property search, legal inspection, translation, and completion of procedures on behalf of the investor.
Relying on a trusted company is the foundation of success in buying property online in Georgia and ensuring the safety of documents and transactions.
Verifying Property Ownership and Legal Registration
It is essential to ensure that the property is legally registered and that there are no reservations or debts on it. This can be done by examining the real estate registry, a procedure offered by companies like Mbany Real Estate as part of their services to investors.
Buying Property Remotely in Georgia: Is It Safe?
Official Authorization and Legal Representation Procedures
A lawyer or local representative is appointed under an officially notarized power of attorney that can be created from the Georgian embassy or through an international notary public, enabling the investor to complete all procedures without the need to travel.
Electronic Signature and Bank Transfer
Most remote property purchases in Georgia are conducted online through electronic signing of contracts and bank transfers to the seller's or real estate developer's account. Georgia also offers reliable digital government services that make the process completely secure.
How to Invest in Real Estate in Georgia for Investors
Daily and Tourist Rentals
Due to the enormous tourism growth, especially in Batumi and Tbilisi, investing in furnished apartments and renting them through Airbnb or Booking has become an ideal option. This method guarantees a high monthly return that exceeds traditional rent.
Buying for Resale
Some investors are buying property in Georgia and holding it for a short period before reselling it for a profit, especially in new projects that increase in value immediately upon completion of construction.
How to invest in real estate in Georgia for investors depends on the goal: monthly income, quick profit, or residency and citizenship.
Best Cities to Buy Property in Georgia
Tbilisi
The capital Tbilisi offers modern infrastructure, educational and health centers, and excellent opportunities to buy an apartment in Tbilisi at reasonable prices with increasing demand for rent throughout the year.
Batumi
Batumi is known as the premier tourist destination in Georgia. Therefore, buying property in Batumi for foreign investors is a strategic step for those seeking to benefit from the tourist season and high daily rental rates.
Residency Through Buying Property in Georgia for Investors
A foreign investor is entitled to obtain legal residency in Georgia for one year, renewable upon purchasing a property worth at least $100,000 US dollars.
This residency can be renewed annually as long as the property remains registered in the investor's name. Permanent residency can also be obtained later after specific years.
Real estate residency through buying property in Georgia is considered one of the easiest legal ways to live in a European-style country.
Guide to Buying an Apartment in Georgia Without Traveling
Choosing a Reliable Real Estate Developer
You should look for reliable projects from licensed developers with a proven track record of delivering properties according to standards, and it is preferable to cooperate with companies such as Mbany Real Estate, which offers you ready-made and guaranteed options.
Implementing All Procedures Remotely
Steps to buying property in Georgia from abroad include: choosing the property, signing contracts via email or electronic signature, bank transfer, officially registering the property in the buyer's name, and obtaining ownership documents without attending in person.
Benefits of Real Estate Investment in Tbilisi
- High rental yields thanks to monthly or tourist rentals.
- Annual increase in property value ranging between 7-12%.
- Increasing demand from students and tourists.
- Legal facilities in ownership and registration.
- Possibility of quick resale or converting the property into a commercial activity.
- Government support for real estate development projects and facilities.
Mbany Real Estate: Your Trusted Partner in Georgia
Mbany Real Estate is one of the leading companies that provides integrated solutions in buying property online in Georgia, and facilitates all the steps of how to buy property in Georgia remotely, starting from the search, legal inspection, until registering the property safely. When dealing with Mbany , you are guaranteed a safe, transparent, and 100% successful buying experience.
Frequently Asked Questions: A Guide for Foreign Investors: Buying Property in Georgia Remotely
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Can I buy property in Georgia remotely without visiting the country ?
Yes, through an official power of attorney and a local lawyer, all purchase steps can be completed remotely. Companies like Mabani Real Estate offer this service with complete professionalism.
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What is the minimum value to obtain residency through buying property in Georgia ?
The property value must exceed $100,000 US dollars to obtain renewable legal residency.
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What are the best cities for real estate investment in Georgia ?
Tbilisi and Batumi are the best options, depending on the investment objective (residential, tourist, commercial).
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Are there taxes on buying property for foreigners in Georgia ?
Yes, but they are low compared to European countries, and there are no restrictions on ownership for foreigners.
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What is the role of the real estate company when buying property remotely in Georgia ?
It handles all legal procedures, inspections, organizing powers of attorney, registering the property, and translating documents, and ensures buying property in Georgia safely.
Conclusion: A Guide for Foreign Investors: Buying Property in Georgia Remotely
In conclusion of this guide for foreign investors: buying property in Georgia remotely, we find that the Georgian market offers real and promising opportunities for anyone wishing to invest in real estate in Georgia.
Whether you are thinking of buying an apartment in Tbilisi or property in Batumi, or want to obtain residency through buying property in Georgia for investors, this market is characterized by flexibility, competitiveness, and ease.
Relying on Mbany Real Estate guarantees you a reliable and smooth buying process from abroad and makes buying property online in Georgia a successful and safe experience.
14-04-2024 
