Real Estate in Georgia: How to Buy a House or Apartment
Georgia attracts the attention of foreign investors and those seeking a new place to live or vacation. The simplicity of purchasing property, absence of property tax, and the possibility of obtaining a residence permit make the country especially appealing. In this article, we explain how to buy real estate in Georgia, what foreigners need to know, and where to find the best deals.
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Why Invest in Georgian Real Estate
Georgia is not only known for its picturesque landscapes and unique culture but also as a profitable destination for investment. Here are several reasons to consider the country’s real estate market:
• Simplicity of purchase: Citizens of most countries, including Russia, can buy property without restrictions.
• No property tax: Property owners are not required to pay annual taxes.
• Residence permit opportunity: Purchasing real estate worth $150,000 or more grants a one-year residence permit, with the possibility of renewal and citizenship after 10 years.
• Affordable prices: Real estate in Georgia is significantly cheaper than in many European and CIS countries.
Where to Buy Real Estate in Georgia
Batumi
The Black Sea resort city of Batumi appeals to those seeking seaside property. Here, you can find apartments in new developments starting at $700 per square meter. Batumi is ideal for those planning to rent out their property.
The Black Sea resort city of Batumi appeals to those seeking seaside property. Here, you can find apartments in new developments starting at $700 per square meter. Batumi is ideal for those planning to rent out their property.
Real Estate Purchase Process
- Choosing the property: Decide on the region and type of property (apartment, house, or land plot).
- Document verification: Ensure the transaction is clean, with no debts or encumbrances.
- Contract signing: It is recommended to sign a preliminary agreement with a deposit.
- Registration: The transaction must be conducted at the Justice Department, and ownership rights registered in the public registry.
FAQ
How much does real estate cost in Georgia?
Prices vary depending on the region and type of property. For example, in Batumi, prices per square meter start from $1,200.
Is it possible to buy real estate in Georgia remotely?
Yes, the purchase process can be completed remotely.
What documents are needed to buy real estate in Georgia?
Foreign citizens only need a passport to purchase property. It is recommended to consult a lawyer or agent to clarify all the details.
Prices vary depending on the region and type of property. For example, in Batumi, prices per square meter start from $1,200.
Is it possible to buy real estate in Georgia remotely?
Yes, the purchase process can be completed remotely.
What documents are needed to buy real estate in Georgia?
Foreign citizens only need a passport to purchase property. It is recommended to consult a lawyer or agent to clarify all the details.
Contact Us
Get in touch with us by phone or via messengers for a consultation and help choosing the right property.
+995 557 326 104
cappuccinoestate@gmail.com
cappuccinoestate@gmail.com
Georgia, Batumi
