Installment Plans for New Developments: How to Buy Property Without a Bank Loan

The developer simply divides the total cost of the apartment into equal installments, which the buyer pays according to an agreed schedule.

Typically, the down payment ranges from 20% to 40% of the property price, with the remaining amount payable over 1 to 3 years.

This format is especially popular among international buyers — you can secure an installment plan even without a local bank account or official income in Georgia.

Today, most developers in Batumi offer installment options for new residential projects. The main thing is to review the terms carefully and ensure the developer’s reliability.

Pay attention to:

• Completion date — the closer the project is to delivery, the shorter the installment period.
• Condition of the apartment — whether it’s a “white frame” (shell & core) or a fully finished unit.
• Location — the most in-demand areas are New Boulevard, Khimshiashvili, Rustaveli, and the Old Town.

Prices vary by district: on New Boulevard, the average cost per square meter ranges from $1,200 to $1,600, while in the city center and on Rustaveli Avenue it starts from $1,800 and can reach $3,500.

Buying with an installment plan directly from the developer in Batumi is a simple and transparent process:

1. Choose the apartment that suits you.
2. Make the initial payment.
3. Sign the purchase agreement with a detailed payment schedule.

After the full amount is paid, the developer transfers the title deed to the buyer.
In some projects, ownership can be registered after paying 50–70% of the total cost.
Keep in mind: the installment terms vary depending on the specific development. For completed buildings, the payment period usually doesn’t exceed 12 months, while for projects under construction, the plans may extend up to 36 months.

When considering buying an apartment in Batumi through installments, new developments are usually a better deal than resale properties.

Firstly, new buildings offer better quality — modern materials, soundproofing, gas systems, elevators, and security.

Secondly, you can pay gradually and choose your layout, floor, and sea view even before the construction is completed.