Question 1

How do I buy property in Georgia as a foreigner?

Accepted Answer

Foreigners can freely purchase apartments and commercial property in Georgia. The process involves: 1) Finding a property, 2) Conducting due diligence, 3) Signing a preliminary agreement, 4) Notarizing the sale agreement, 5) Registering with the Public Registry. You'll need a passport and tax ID number (available same-day).

Question 2

What are the typical property prices in Tbilisi?

Accepted Answer

Tbilisi prices vary by district: Premium areas (Vake, Saburtalo) $1,200–2,500/m², Mid-range (Vera, Didube) $800–1,500/m², Budget areas (Gldani) $600–1,000/m². Prices depend on location, condition, and amenities.

Question 3

Do I need a lawyer to buy property in Georgia?

Accepted Answer

While not legally required, hiring a lawyer is highly recommended. They ensure proper due diligence, verify ownership, check for liens/debts, review contracts, and guide you through registration. Cost: $300–800.

Question 4

What are the annual costs of owning property in Georgia?

Accepted Answer

Annual costs include: Property tax (1%, capped at ~$200–500), Utilities ($50–150/month), Building maintenance fees ($20–100/month), and Insurance (optional, ~$200–400/year).

Question 5

Can I get a mortgage as a foreigner?

Accepted Answer

Yes, but it's difficult. Requirements: Valid residence permit, stable income in Georgia, 30–40% down payment, interest rates 10–14%. Most expats buy cash or use home country financing.

Question 6

How long does the buying process take?

Accepted Answer

Typically 2–6 weeks: Due diligence (1–2 weeks), Contract negotiation (3–7 days), Notarization and registration (1–2 days). Cash purchases are faster than mortgages.

Question 7

What's the difference between MyHome.ge, SS.ge, and Place.ge?

Accepted Answer

All are major Georgian real estate portals. MyHome.ge is the largest. SS.ge focuses on premium properties. Place.ge has strong international presence. Kavlian aggregates all three.

Question 8

Are rental contracts enforceable in Georgia?

Accepted Answer

Yes, but notarization strengthens enforceability. Standard contracts include: Duration (typically 1 year), Deposit (1–2 months), Payment terms, Maintenance responsibilities.

Question 9

What areas are best for investment ROI?

Accepted Answer

High ROI areas: Batumi (tourism, 7–10% yield), Tbilisi city center (long-term rental, 6–8% yield), New developments near metro (capital appreciation).

Question 10

Do I pay capital gains tax when selling?

Accepted Answer

No capital gains tax if you owned the property for 2+ years. If sold within 2 years, profit is taxed as income (20% for non-residents). Primary residence exemptions may apply.

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