Over the last decade, Georgia has experienced a tremendous boom in the real estate sector, making it an attractive destination for foreign investors. This small country, located between Europe and Asia, has garnered attention thanks to its flexible laws, economic growth, flourishing tourism, and low cost of living compared to Western European countries. The question many investors are asking is: Is Georgia one of the best places to buy property for foreigners?
The answer lies in a comprehensive review of a range of key points, such as:
- Ease of buying property in Georgia for foreigners without the need for complex procedures.
- Advantages of buying property for foreigners in Georgia, such as residency and investment returns.
- Best areas to buy property in Georgia for foreigners, such as Tbilisi and Batumi.
- How to buy property in Georgia for foreign investors and legal registration steps.
- Excellent rental yields in Georgian properties that enhance the market's attractiveness.
- Opportunities to buy property remotely or without an intermediary.
In this detailed article, we will address all these aspects, supported by figures and data to clarify the picture for any investor considering entering the real estate market in Georgia for foreigners.
Can Foreigners Buy Property in Georgia Easily?
Clear and Encouraging Laws
Georgian real estate laws are very open, allowing any foreigner to own residential and commercial properties directly, with the exception of agricultural land, which requires special approvals.
This feature makes buying property in Georgia for foreigners simpler compared to European countries like Switzerland or Austria, which impose restrictions on ownership.
Own Property in Georgia Without Prior Residency
The law does not require a foreigner to be a resident of Georgia to own property. Even a visitor holding only a passport can sign a purchase contract and register it within a few days. This legal flexibility attracts thousands of investors looking for ease and speed in ownership procedures.
Buying Property in Georgia Without an Intermediary for Foreigners
Foreigners can buy directly from the owner without the intervention of an intermediary. However, it is preferable to seek the expertise of specialized offices such as Mbany Real Estate to avoid any legal problems and ensure smooth procedures.
Buying Property in Georgia Remotely for Foreign Investors
Georgia offers the option to buy properties remotely through official power of attorney. The investor can appoint a lawyer or authorized agent to complete all procedures on their behalf.
This service is useful for investors who cannot travel easily and gives them the opportunity to enter the Georgian market without travel costs.
Advantages of Buying Property for Foreigners in Georgia
Low Prices Compared to Other Countries
The price per square meter in Tbilisi or Batumi ranges between $700 and $1,500 USD depending on the location, while in European cities such as Paris or London, the price exceeds $10,000 USD. This significant difference illustrates the attractiveness of investing in Georgia.
Excellent Rental Yields in Georgian Properties
High demand for short-term rentals due to tourism has led to high rental yields. In Batumi, returns reach up to 12% annually in some cases, while in Tbilisi they range from 6% to 10%, which are competitive rates globally.
Obtaining Residency Through Property Purchase
One of the most important advantages of buying property in Georgia for foreigners is the possibility of obtaining residency by purchasing property in Georgia, provided that the property value exceeds $100,000 USD. This residency is renewable and allows the investor and their family to benefit from health and education services in the country.
Low Taxes and an Encouraging Investment Climate
The property tax rate is very low compared to other countries, and there are no capital gains taxes if the property is sold after a certain period. This enhances the attractiveness of the Georgian market for long-term investment.
Steps to Buy Property in Georgia for Foreigners
Choosing the Right Property
The investor must determine their goal before buying: is the property for living, tourist rental, or resale later? Tbilisi is suitable for housing and commercial investment, while Batumi is ideal for tourism investment.
Verifying the Legal Status of the Property
It is necessary to ensure that the property is officially registered and free of any mortgages or legal disputes. This is where companies like Mbany Real Estate, which provides legal verification services, come in.
Signing the Contract and Registering Ownership
After agreeing on the price and signing the contract, the property is registered in the National Public Registry Agency. This process takes no more than 3 business days, making buying property in Georgia one of the fastest procedures in the region.
Best Areas to Buy Property in Georgia for Foreigners
Property in Tbilisi for Foreigners
Tbilisi, the capital, combines modern life and historical heritage, making it an ideal destination for real estate investment. Areas near the city center such as Vera and Vake are in high demand from tourists and students.
Property in Batumi for Foreigners
Batumi is known as the "Dubai of the Black Sea," thanks to its modern towers and huge hotel projects. The high tourist turnout makes real estate investment here very profitable.
Other Cities Like Kutaisi and Borjomi
Kutaisi is considered an educational and tourist center at the same time, while Borjomi is famous for its health resorts, making it an ideal choice for investments related to medical tourism.
Real Estate Investment in Georgia: Why is it a Strategic Choice?
Real estate investment in Georgia is characterized by a unique mix of factors:
- Strategic location on the trade route between Europe and Asia.
- Rapid growth in the tourism sector, where the number of tourists exceeded 9 million in 2019.
- A growing economy with GDP growth ranging between 4% and 5% annually.
- A simple and supportive tax system for foreign investors.
How to Buy Property in Georgia for Foreign Investors
The purchase process requires:
- A valid passport.
- A notarized sale contract.
- Property registration in the Public Registry Agency.
No prior residency or local partner is required, making the process easy and transparent.
Buying Property in Georgia Without an Intermediary for Foreigners: Is it Safe?
Foreigners can buy without intermediaries, but the risk lies in the potential for legal problems with the property. Therefore, it is always recommended to use the services of accredited real estate offices such as Mbany Real Estate to ensure the investor's rights.
Buying Property in Georgia Remotely for Foreign Investors
Many investors prefer to complete the deal online, especially if they live in distant countries. Through a legal power of attorney, they can complete all procedures without having to attend in person, which is an option that saves time and money.
The Future of the Real Estate Market in Georgia for Foreigners
Experts predict that property prices will continue to rise by 5% to 7% annually, especially in major cities.
This growth is driven by increased foreign investment, tourism development, and improved infrastructure. Therefore, the current time is ideal to enter the market before prices rise further.
Frequently Asked Questions: Is Georgia One of the Best Places to Buy Property for Foreigners?
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Can foreigners buy property in Georgia easily ?
Yes, foreigners can buy property in Georgia easily, as the process is simple and requires only a passport and an official sale contract.
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Does buying property in Georgia grant residency ?
Yes, buying property in Georgia grants residency, provided that the property value exceeds $100,000 USD.
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What are the best cities for real estate investment in Georgia ?
The best cities for real estate investment in Georgia are: Tbilisi for residential and commercial investment, Batumi for tourism, and Kutaisi for long-term investments.
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Can property be bought in Georgia remotely ?
Absolutely, property can be bought in Georgia remotely through an accredited legal agency.
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What are the returns on real estate investment in Georgia ?
Returns on real estate investment in Georgia range from 6% to 12% annually, depending on the city and type of property.
Conclusion: Is Georgia One of the Best Places to Buy Property for Foreigners?
In light of what we have reviewed, the answer to the question: Is Georgia one of the best places to buy property for foreigners? is a clear yes. The real estate market in Georgia offers an ideal mix of competitive prices, high investment returns, flexible laws, and opportunities to obtain residency.
Whether you are considering buying property in Tbilisi for foreigners for residential investment or in Batumi for foreigners to take advantage of tourism, Georgia opens its doors to investors with multiple options. And with the support of reliable companies like Mbany Real Estate, any investor can ensure a safe and profitable investment.
14-03-2025 
