Buying Property in Georgia as a Foreigner: A Simple Guide

This simple guide explains everything about buying property in Georgia as a foreigner, based strictly on the original content you provided.

Georgia has become a hot spot for those looking to buy real estate. People are drawn to it because of its easy-to-understand registration system, simple procedures, and a housing market that keeps getting stronger. Whether you’re thinking about moving or just want to invest, Georgia has a lot to offer. This guide will walk you through the steps a foreigner needs to take to buy property in Georgia, pointing out what’s important along the way.

Can Foreigners Own Property in Georgia?

Yes, they can! In Georgia, foreign citizens have the same rights to own property as Georgian citizens. This is supported by law and confirmed by the National Agency of Public Registry (NAPR).
Official NAPR Website

There’s just one catch: foreigners can’t buy agricultural land. But when it comes to apartments, houses in new developments, villas, or commercial buildings, you’re all set.

As Sea Inside’s experts say, the ease of buying property here is a big reason why so many investors from all over the world are interested in Georgia. The entire process is very clear and usually takes only one to ten days.

Why Go for New Developments?

Buying straight from a developer is often seen as the safest and most common way to buy property in Georgia. The market is full of new residential buildings that have great facilities, professional management, and the potential to rent out.

Payment Plans
Many developers offer payment options that don’t charge interest, usually lasting from 12 to 36 months.

Better Prices
Properties that are still being built usually cost less than those already on the market.

Less Risk
Because all property deals go through the NAPR’s online system, there’s less chance of fraud.

Modern Standards
New buildings use the latest technologies, making them comfortable and energy-efficient.

Good Investment
Prices in new developments tend to increase as construction progresses and the area becomes more attractive.

Property prices in Georgia are going up. This shows that the market is growing, especially in cities like Tbilisi and Batumi.

How to Buy Property in Georgia as a Foreigner: Step-by-Step Guide

Buying property in Georgia is pretty easy, even if you’ve never bought property in another country before.

Step 1. Pick a Property and Check Out the Developer

First, decide which city or area you like. Then, take a close look at the specific project and the developer. Make sure the developer is officially registered in Georgia and has all the necessary building permits. You can check this information through NAPR. It’s a good idea to choose bigger, well-known companies that have finished other residential projects.

Step 2. Reserve Your Place

Once you’ve made up your mind, put down a deposit (usually around USD 1,000–2,000) to reserve the apartment. After that, it’s officially yours until you sign the contract.

Step 3. Sign the Agreement

You can sign the agreement in a few ways:

• In Person: Go to the developer’s office or meet with a notary.
• From a Distance: Use a power of attorney, which you can get through a Georgian consulate or a notary in your own country.
• Online: Many developers also offer the option to sign the contract online, which is handy for buyers who are overseas.

Step 4. Register Your Ownership

After signing, the documents go to NAPR to register your ownership. How quickly this happens depends on the service you choose:

• Fast Registration: Takes one business day.
• Standard Registration: Takes four business days.

The fee is between 50 and 200 GEL. Once registered, you’ll get an official electronic certificate showing you own the property.

Step 5. Pay and Get Your Keys

You’ll pay through a bank transfer. Foreigners can easily open a bank account in Georgia (at places like TBC Bank or Bank of Georgia), and it doesn’t take long. After you’ve paid for the property, the developer will give you the keys and the final paperwork.

What About Taxes and Fees?

The good news is that there’s no tax when you buy property in Georgia.

But, there are a few things to keep in mind:

• Registration Fee: 50–200 GEL, depending on how fast you need the registration done.
• Notary Fees: Around USD 100, if you need a notary.
• Capital Gains Tax: 5% of the profit if you sell the property within two years.
• Maintenance Fees: From USD 0.5 to 1 per square meter each month in residential buildings with management services.

Professional Tips from Sea Inside Experts

• Carefully read all the documents, and check the building permits.
• Don’t pay in cash; always use bank transfers.
• Understand the conditions of any payment plan, including payment schedules.
• Research the developer to see what others say about them and their past projects.
• Keep all your electronic documents safe, as property rights are confirmed digitally.

Useful Internal Link

Explore new development projects in Batumi:
https://sea-inside.net/en/batumi-projects/

Final Thoughts

Buying property in Georgia as a foreigner is a fast and clear process. With few rules, a straightforward system, and a growing housing market, Georgia offers great chances for both personal use and investment. Just make sure to choose a reliable developer, fill out the paperwork correctly, register your ownership, and enjoy your new property in Georgia.