Georgia country real estate investors

Georgia country real estate investors

Georgia has become one of the most popular European destinations for investment and business, besides its tourism destination, which no one disagrees about.

Over the past years, Georgia attracted real estate investors and businessmen around ‎the world and recorded a high demand on the experience of ‎ investment especially in the field of real estate. In a country like Georgia the areas of investment are varied, as it is ‎fertile ground for many profitable projects, not only due to a large number of ‎foreigners but also because it provides a wide range of choices in businesses that can be created in cities and villages of this country.

Real Estate investors’ advice when buy a property in Georgia country

Firstly, you’ll need to have money saved if are thinking seriously to buy a property in Georgia

1. Buy and Fix 

After buying the property, you still need to put funds into fixing it up and sell it for a profit

Home repair needs more money other than your initial investment, and more time than you might have, it also needs strong knowledge of the property and homes upgrading.

2. Rent to own 

It is a tactic where you sign a contract to rent a home for a fixed time with an available option to buy the house once it is finished.

An amount of the monthly rent goes for the down payment on a mortgage when the purchase becomes official.

Although it is risky, it is still a proper choice for those who cannot commit to buying a property, it gives people with other liabilities (credit card debt, hospital bills, etc.) time to pay those debts without the added financial burden of a monthly mortgage.

3. Buy a vacation property 

This vacation property when you rent out to tenants for shorter periods, if you could buy a good property in the right area – like near the beach in summer -with the needed renovations and facilities, you may be able to make the same money off few tenants’ vacations.

Do proper research, consult with good realtors and weigh the pros and cons carefully 

4. Buy Rental Property

You may buy an entire rental property and rent out any room or apartment to tenants.

Keep your expenses low so you can keep rent affordable to entice prospective tenants.

You may also buy a property to live in, while you are the landlord, and at the same time, you may rent other rooms in the property.

Make sure to keep your place in a good condition, you can hire someone who can help with repairs and renovations if needed, be always ready to receive your tenants.

Establish a company in Georgia

Georgia is making a lot of effort to attract real estate investors from all over the world, by providing advanced administrative system and its efforts to eliminate corruption. Among the advantages of real estate investment in Georgia is also its picturesque nature, which makes it a tourist destination for many travelers, which makes tourism investment in it very profitable.

All economic evidence and studies indicate that Georgia will become a leader in attracting investment in the region.

Registering a company in the state of Georgia is not a big issue and requires no trouble as it happens in other countries, due to the various facilities of the state and the Georgian government, so we will guide you through steps to know how to establish a company in Georgia.

  • The first official step is to go to the Justice House to get a copy of the company’s founding contract, and this copy is divided into two parts, the first in the Georgian language and the second in the English language.

 

  • The company incorporation contract must contain all the required data in the Georgian and English languages, the most important of which is the company address that you can obtain by renting an office or purchasing an address from a Georgian citizen.

 

  • In case you are not good at understanding the Georgian language, you can ask for the help of a contract writing specialist.

 

  • The establishing process starts when you go to the house of justice with a copy of the contract that contains all the correct data to go through the registration process.

 

  • After sending the contract to the House of Justice, within 24 hours, a message will be sent to your private number informing you of the successful registration of the company.

 

Real Estate investment is one of the most profitable areas of investing in Georgia, especially after the increase in the number of visitors and international tourists coming to Georgia.

Georgia also has an excellent regional location between Asia and Europe, in addition to its privilege of more than 94 countries to enter with free visas, in addition to the distinction of multiple visa holders and valid residence permits from entering and staying in Georgia for 90 days per year, and this increases investment opportunities in Real estate in Georgia.

Real Estate investments in Georgia

If you are thinking of breaking into the world of real estate investment in Georgia, you should be aware of the following: –

  • The Georgian government supports real estate investors through its property law, for example, providing land free of charge so that mega projects can be implemented on it.

 

  • Georgia is also supplying the facilities, services, and infrastructure needed to start up a project. Many people who invest in real estate in Georgia will benefit from all these advantages and services, and in the end, they will make huge profits in a short period.

 

  • Banks in Georgia are also giving out a lot of loans with various guarantees and easy, accessible methods for investors.

 

  • Georgia is ranked fifth according to the World Bank’s index of ease of doing business with it.

 

  • You can start a company in Georgia in just one day.

 

  • It is possible to obtain a residence permit for you as an investor in Georgia if you invest $ 300,000 or more.
buying real estate in Tbilisi

Why do we recommend buying real estate in Tbilisi?

It is known that real estate is one of the best investments that give a large return in the long run. buying real estate in Tbilisi is one of the most important and secured types of investment, and through it, you can gain a very good profit back.

Therefore it is a chance for individuals who are able to do so, there are basic rules for real estate investment and the most important of them is the right place that gives more space for marketing. There are cities that have made their reputation with the presence of global markets open to real estate marketing. The capital of Georgia (Tbilisi) and Batumi are the tourist capitals.

The real estate market in Tbilisi has a strong short-term rental demand along with the highest rent in Georgia, a property located in Tbilisi will gain in value over the year and still can be sold easily at the end.  

Why you should buy a real estate in Tbilisi ?

Georgia has entered this field with a strong economy and lots of international money flow into the commercial and residential real estate markets over the past years.

Demand for property in Georgia is increasing from year to year and foreign investors are showing more interest in buying real estate in Georgia. According to the Index of Economic Freedom, Georgia ranks 21st among 185 countries in the world, surely it is really difficult to find more interesting and comfortable conditions for buying real estate in the resort area.

Noteworthy, about 5.5 million foreign visitors enter the country every year through hotels, most of which are located in Tbilisi and Batumi Resort, and it has 75 percent occupancy rates, which attracts investment for real estate in Tbilisi.

In addition to the marvelous nature of the Black Sea, beaches, mountains, and a subtropical climate, a resort area is a really heavenly place.

Buying a plot of land on the coast and the acquisition and ‎construction of residential and commercial properties are the most preferred options ‎from an investment point of view. By the end of the construction, residential and ‎commercial spaces are already sold out.

Which neighborhood is the best to buy a property in Tbilisi?

The answer to this question depends on your needs, financial situation, and the aim ‎of investment and the time frame, as you might prefer the areas with high rental profit, ‎or you might prefer the ones with heritage aspects.

The location of the property, the type and the design of the buildings are the main factors that will determine the rental return of the place.

The best real estate in Tbilisi where is the best living environment, the attractive district ‎that is well equipped in shops, and active. ‎

  • The historic district of Tbilisi, before the Soviet invasion in 1918, is one of the highest safe value in the market and still maintains a certain character in terms of buildings and designs.
  • The central historic district of Tbilisi, which is not well exploited yet, but still more expensive than the historic district of Tbilisi.

Wherever the neighborhood is, a real estate in Tbilisi with a careful renovation and a tasteful decoration, will be your certain way to get a high rental return.  

Hospitality in Georgia 

Georgia has proved to be a highly desirable location for hospitality and real estate investments. Both hospitality and real estate sectors become one of the main drivers of Georgia’s economy because there is no restriction on foreigners’ ownership of properties in Georgia and no complication procedures as well. 

Today Georgia is giving considerable potential to develop city sites, entertainment and gaming facilities, medical and wellness centers, and beach resorts. That’s why Georgia was ranked as the 12th fastest-growing tourism destinations in the world and the 4th in Europe by the United Nations World Tourism Organization in 2018.

Tbilisi Housing Fund consists of 290K apartments covering almost 21,640,000 square meters.

Last year, about 2,318,000 square meters were sold in Tbilisi, meaning that the average medium-sized flat consists of 67 square meters. According to the research, the price per square meter has increased by 6% compared to 2017, which assure that the real estate market is healthy, and the price of apartments could increase even more.

Apartments renting prices in Tbilisi 

You will always find distinct and different real estate in Tbilisi in terms of areas or locations and their proximity or distance from the main cities. Also, you can’t miss the real development that Georgia is experiencing in regard of the infrastructure of roads and transportation networks as well as various services.

Owning a real estate in Georgia is easy and simple, Georgia has recently become a land of investment opportunities in various fields.

There are no administrative complications or governmental bureaucracy, and ownership procedures do not take more than one day to transfer ownership of the real estate, and because the real estate market in Georgia is considered to be emerging to some extent, and for a high return on investment.

For these reasons, Georgia attracts people who are interested in buying real estate in a city like Tbilisi, whether for residency in Georgia or for investment, especially with the increase of tourist numbers coming to Georgia. 

In Georgia, the options vary for the investor, and in Tbilisi, real estate prices range in general, from $ 30,000 to $ 150,000 to own an apartment, and the price is determined based on the area and location.

Rental rates in Tbilisi, Batumi and Gori range from $ 250 to $ 300 for a two-room apartment located in the heart of the city. if you rent it for a period longer than a month, often at the height of the season, monthly rents rise to $ 500, but always remain a lot cheaper than hotels, especially for a larger number of individuals.

property for sale in Tbilisi Georgia

All you need to know about property for sale in Tbilisi

Buying a property in Georgia is one of the fastest ways to obtain permanent residence for those looking to immigrate or invest in real estate.

In this guide, we will illustrate how to find a property for sale in Tbilisi, Georgia, the prices of apartments, and how to invest in real estate in this country. We will also review purchasing laws such as property, the paperwork needed to buy a property in Georgia, and how-to manage all the required procedures.

The advantages of buying a property in Georgia

Obtaining permanent residence in Georgia

if you own an apartment in Georgia that gives you the chance to obtain the permanent residence, then you can obtain Georgian citizenship in only six years.

According to the article #26 of the Georgian Citizenship Law issued in 2014, it stipulates that any foreign citizen who owns a property valued at more than $ 35,000 (or in exchange for it in the local currency) has the right to receive an annual renewal residence (or be granted a permanent residence of five years if the property is in an investment capacity And its value is more than 300 thousand Georgian Lari)

The ownership of the property must be present in full, knowing that the conditions for ownership of the property must be completed and accordingly the owner can grant residency to the wife and children. After six years of permanent residency, he can apply for Georgian citizenship.

Better life and lower cost of living

Georgia has a charming nature, modern and safe atmosphere for citizens and foreigners. It is suitable for immigration to a better place to live, and a notable lower cost of living if compared to other cities whether in transportation, housing, utilities, and other costs of living.

So, buying a real estate in Georgia gives you the right to a nationality and enjoy all the advantages and rights of a Georgian citizen. It is expected that citizens will soon receive the Schengen, as any citizen in a country belonging to the European Union for you and your children.

Ownership Law for property in Georgia

In Georgia, real estate is sold on a freehold basis, and unlike most countries in the world, you are not required to be a citizen in order to be able to purchase property in a foreign country.

If you are looking for a property for sale in Georgia, don’t worry, you will not go through complicated procedures or crooked methods, buying the property is very easy and the purchase contract will be written in your name directly.

The same applies to commercial real estate such as shops, hotels, restaurants, etc. There are no restrictions on these purchases, this only excludes the purchase of agricultural land, as the right of foreigners to own agricultural land has been revoked since 2017.

The contract is written in the Georgian language according to the desire of the client, and translation service is available in Georgia, when can be used and the cost is only $ 5 per page, and upon Georgia law mandates that security deposits for rentals be held in escrow and that it be returned within 30 days of lease termination.

Property for sale in Tbilisi / Georgia is a good investment

Buying a real estate in Georgia is one of the best ways to get a long-term financial return, there are no restrictions whatsoever, so you can invest in Georgia with confidence.

The country is ever-evolving in the real estate investments and attracts investors with multiple facilities such as easing bank loans, laws protecting foreigners, investing, providing services, infrastructure, and building materials. This made it the ideal destination for businessmen and individuals wishing to invest.

It should also be noted that the prices of apartments in Tbilisi are constantly increasing due to the increase in international visitors to the country and their need for places to live and suitable housing units. Georgia had 5.9 million visitors in 2015, more than the original population of just 4 million.

So, it can be said that buying a property in Georgia, especially in the capital city Tbilisi, will now return the abundant profit to the buyer in the next few years.

That’s why Georgia rather than other countries is recommended for buying real estate, immigration, or even residence for investment purposes.

Real estate in Georgia is among the lowest prices compared to other countries, as the ownership price starts at 30 thousand dollars.

It is worth mentioning, that today traveling to European countries is not as easy as before, political and economic changes have forced the governments of these countries to impose severe laws on people wishing to travel or migrate to them. But in Georgia, it is still easier to obtain visa because there are more than ninety countries whose citizens are not required to obtain a visa for Georgia. Besides, Georgia is one of the cheapest and easiest countries to travel to.

Economic development

Georgia was one of the countries of the Soviet Union before its collapse, although it is considered one of the developing countries, but it has abundance of natural resources and distinguished geographical location as a middle area between Asia and Europe, which make Georgia an important commercial center for its ability to transport and shipping between these countries.

The innovative and healthy economy in this country is about to create work places, economic growth, and prosperity.

Upon the above, Georgia has a promising future in all fields while living in a country like this ensures a wonderful financial future in the short and long term as well, and that buying a property in Georgia guarantees stability and living a decent life inside the state.

Batumi real estate investment

Georgia-Batumi real estate investment 

Batumi real estate in Georgia has become lately one of the most important fields of investment, it attracts foreign investors, especially Russian citizens with the purpose of further lease and short-term vacation.

In addition to the high returns that investors can achieve through real estate investment in Georgia, another advantage they can have, which is the possibility of obtaining residency in this country.

All procedures are recognized by clarity, comprehensiveness, and speed. All procedures have fixed fees. You will not be able to pass any illegal transactions by paying bribes and tips.

Batumi is in second place – from popularity in the field of real estate investments- after Tbilisi, the capital of Georgia, in the first quarter of 2019, 2,720 residential property was sold, comparing to 12,303 in the year 2018.

Batumi real estate gained its popularity among foreign investors by its tourist orientation, no wonder that the number of tourists that visited Batumi in 2018 reached 1,4 million and the city received the World Travel Awards in 2019 as one of the best tourist destinations in Europe, which promoted its reputation among investors.

Why investing in Batumi real estate?

Georgia is located in the Caucasus region, Western Asia and Eastern Europe. It is bordered to the west by the Black Sea, to the north by Russia and the south by Turkey and Armenia. As for the east, it is bordered by Azerbaijan. Georgia covers an area of 69.875 square kilometers. Georgia is considered an ideal trade center linking Asia, the Middle East and Europe, which makes it a distinguished center for all types of investment, whether it is an investment in real estate or any other type of investment.

The fact that the apartments average prices in 2018 has increased for 5,5% in USD, and the gross rent profit from leasing in Batumi real estate is at the level 9,5%, which exceeds the interest rates on deposits, makes investing in real estate in Georgia is an excellent option for businessmen, investors, and people who are looking for a suitable environment that provides them with all the necessary ways of investing money.

Noteworthy, the World Bank has recognized Georgia in 2003 as one of the fastest-growing economies and fighting corruption in the world, and as ninth in the world (out of the 185 countries surveyed) to ease doing Business in June 2012.

The expanded market area 

Georgia’s liberal trade systems provide investors with favorable opportunities to reach the country’s 4 million population and the region’s outer market, as a direct result of the absence of customs and import tariffs, 

Also, Georgia has signed free trade agreements with countries like Ukraine, Kazakhstan, Tajikistan, Uzbekistan, Turkmenistan, as well as their neighbors Turkey, Azerbaijan, and Armenia, which made them at the forefront of countries that provide the best ways to invest money, whether in real estate investments or other areas of investment.

A free trade agreement with the European Union

There are almost no customs duties with 90 percent of goods exempt from import duties without any restrictions on quantity, and the average time for customs clearance is currently 15 minutes.

In addition to a free trade agreement with the European Union, there are general regulations with the United States, Norway, Switzerland, Canada, and Japan, which led to lowering tariffs on 3,400 goods exported from Georgia and in addition to Georgia being a member of the World Trade Organization.

Cost of Energy 

Georgia is the gateway between Europe and Asia, which gives many advantages for investors in the manufacturing and other sectors that require energy. 

Georgia does not only offer the advantage of competitive work, low taxes, and a corruption-free environment to serve the region but rather gives many preferential energy costs free trade agreements that are the result of lower energy costs compared to other neighboring countries and Europe.

Labor cost

The average monthly salary in Georgia is $ 490 and includes white- and blue-collar workers as well as C-suite employees. There are no minimum wage regulations in the country, which is an added benefit in investing in Georgia.

Also, the unemployment rate there is about 14.6%, and the Georgian labor market provides job opportunities for young people, no visas or work permits is needed for citizens from about 100 countries, this helps to attract professional staff from other countries in a wider area for everyone who decides to invest in Georgia.

Georgia has a very flexible labor law and has one of the most liberal working environments not only in the region but globally. The Freedom of Employment index is 79.9 out of 100 (ranked 24 worldwide).

Weather in Batumi 

If you are thinking of Batumi real estate as an investment or as a place to live in, you should know better about its weather.

Batumi has become a wonderful summer destination for tourists from all walks of life to enjoy a wonderful array of amazing tourism experiences, activities and events. This charming city has seen lots of change in the recent years, enabling its visitors to enjoy many attractions, international hotels, and wonderful scenes for dining and a bustling nightlife, which satisfies all visitors’ tastes and desires. 

The location of Batumi next to the Black Sea gives it an important position in the economy of Georgia and makes it a popular summer tourist destination for people who want to enjoy the best beaches in Georgia.

Because of its location on the Black Sea, Batumi has a mild climate all year-round, away from the harsh cold in winter and very hot summers. The average temperature in winter is 5°C, while the highest temperatures in summer are around 25°C.

In summer, the city of Batumi turns into a charming popular destination, thanks to its picturesque beaches, where you can spend the happiest time between the soft sand and the beautiful crystal waters and countless opportunities for enjoyment.

Property for sale in Georgia

Property for sale in Georgia. All you need to know

 

Buying a property in Georgia is one of the fastest ways to obtain permanent residence for those looking to immigrate or invest in real estate.

In this guide, we will illustrate how to find a property for sale in Georgia, the prices of apartments, and how to invest in real estate in this country. We will also review purchasing laws such as property, the paperwork needed to buy a property in Georgia, and how to manage all the required procedures.

The advantages of buying a property in Georgia country

1. Obtaining permanent residence in Georgia

if you own an apartment in Georgia that gives you the chance to obtain permanent residence, then you can obtain Georgian citizenship in only six years.

According to the article #26 of the Georgian Citizenship Law issued in 2014, it stipulates that any foreign citizen who owns a property valued at more than $ 35,000 (or in exchange for it in the local currency) has the right to receive an annual renewal residence (or be granted a permanent residence of five years if the property is in an investment capacity And its value is more than 300 thousand Georgian Lari)

The ownership of the property must be present in full, knowing that the conditions for ownership of the property must be completed and accordingly the owner can grant residency to the wife and children. After six years of permanent residency, he can apply for Georgian citizenship.

Better life and lower cost of living

Georgia has a charming nature, modern and safe atmosphere for citizens and foreigners it is suitable for immigration to a better place to live, and a notable lower cost of living if compared to other cities whether in transportation, housing, utilities, and other costs of living.

So, buying a real estate in Georgia gives you the right to a nationality and enjoy all the advantages and rights of a Georgian citizen. It is expected that citizens will soon receive the Schengen, as any citizen in a country belonging to the European Union for you and your children.

Ownership Law for property in Georgia

In Georgia, real estate is sold on a freehold basis, and unlike most countries in the world, you are not required to be a citizen to be able to purchase property in a foreign country.

If you are looking for a property for sale in Georgia, don’t worry, you will not go through complicated procedures or crooked methods, buying the property is very easy and the purchase contract will be written in your name directly.

The same applies to commercial real estate such as shops, hotels, restaurants, etc. There are no restrictions on these purchases, this only excludes the purchase of agricultural land, as the right of foreigners to own agricultural land has been revoked since 2017.

The contract is written in the Georgian language according to the desire of the client, and translation service is available in Georgia, when can be used and the cost is only $ 5 per page, and upon Georgia law mandates that security deposits for rentals be held in escrow and that it be returned within 30 days of lease termination.

Property for sale in Georgia is a good investment

Buying real estate in Georgia is one of the best ways to get a long-term financial return, there are no restrictions whatsoever, so you can invest in Georgia with confidence.

The country is ever-evolving in the real estate investments and attracts investors with multiple facilities such as facilitating bank loans, laws protecting foreigners, investing, providing services, infrastructure, and building materials. This made it the ideal destination for businessmen and individuals wishing to invest.

It should also be noted that the prices of apartments are constantly increasing due to the increase of international visitors to the country and their need for places to live and suitable housing units. Georgia had 5.9 million visitors in 2015, more than the original population of just 4 million.

So, it can be said that buying a property in Georgia – especially the capital, Tbilisi – will now return the abundant profit to the buyer in the next few years.

That’s why Georgia rather than other countries is recommended for buying real estate, immigration, or even residence for investment purposes.

Real estate in Georgia is among the lowest prices compared to other countries, as the ownership price starts at 30 thousand dollars.

It is worth mentioning, that today traveling to European countries is not as easy as before, political and economic changes have forced the governments of these countries to impose severe laws on people wishing to travel or migrate to them, but in Georgia, it is still easier to obtain visa because there are more than ninety countries whose citizens are not required to obtain a visa for Georgia. Besides, Georgia is one of the cheapest and easiest countries to travel to.

Economic development

Georgia was one of the countries of the Soviet Union before its collapse, although it is considered one of the developing countries, but it has abundance of natural resources and distinguished geographical location between Asia and Europe, which make Georgia an important commercial center for its ability to transport and shipping between these countries.

The innovative and healthy economy in this country is about to create work opportunities, economic growth, and prosperity.

Upon the above, Georgia has a promising future in all fields while living in a country like this ensures a wonderful financial future in the short and long term as well, and that buying a property in Georgia guarantees stability and living a decent life inside the state.

 

 

living in Georgia country

Have you ever thought of living in Georgia country?

The Republic of Georgia states in the Caucasus region, at the intersections of Western Asia and Eastern Europe, Georgia has a privileged location on the shores of the Black Sea with a unique and ancient cultural heritage.

It is known as the land of endless wonders, it is full of variety of places to see and it is blessed with pleasant climate during the year.

You will be impressed by Georgian blaze of colors and unspoiled nature, its stunning mountain ranges, picturesque valleys are still relatively an unknown vacation destination.

Georgia is gaining popularity slowly and surely, whether you are traveling alone or with your family, living in Georgia country should be on the top of your list

Your guide to living in Georgia

The experience of living in Georgia country is a bit different than any other country in the world, many expats agreeing that a move to this beautiful country is full of challenges, especially that English is not their main language, so you may struggle to try to communicate. Even though the expat community is relatively small, but their relationships are considered interconnected, close, and reliable, moreover the Georgian people are friendly, warm and helpful.

Finding an apartment in Georgia

When relocating to a new country, the most struggling job is to find an inexpensive and appropriate apartment to live in, buying an apartment here is quite expensive unless you are planning on making Georgia your permanent home.

Prices in Georgia for lodging rentals vary, and it is mostly depending on the district and the apartment condition and available utilities.

Regularly, central areas are more expensive then the suburb, but you can still find a decent apartment in a central part of the city at a reasonable price.

For example, the price for a studio with one bedroom flat starts at $250 and might go up to US$1000 per month.

It is important to know while you are doing your researches that the number of rooms in Georgian reality does not reflect the exact number of bedrooms, but the total number of rooms (bedrooms and living room are counted together as bedrooms).

Hence, an apartment of two rooms is not a two-bedroom apartment, but one bedroom and a living room which is counted as a second room.

Notable, that most of the owners quote monthly rates in US dollars and expect you to pay cash in that currency.

Education in Georgia


Upon expat’ experience, education in Georgia is varied. You may struggle Living in Georgia country to seek out faculties for your kids far away from the capital, which means that education is a serious factor to choose a location to settle.

State schooling in Georgia is just mandatory between the ages of six till fourteen and is conducted in either Russian or Georgian. 

 

Kids receive a basic education in associate degree primary school settings till the age of twelve. Afterward, they move to a secondary school, when they can opt to complete higher education for the coming three years, to be certified with the associate degree Arasruli Sashualo Ganatlebis Mostmoba at fifteen. 

 

Those who prefer to continue schooling for 2 more years attain a Sashualo Ganatlebis Atestasi certificate, before entering institutes and universities.

The international schools in Tbilisi meet the needs of the expat’s community. Buckswood International School, where students can study in English for UK qualifications, including GCSE’s and A-Levels, also The British International School of Tbilisi offers an academic program from early education to A-levels.

Not only English study, the French-Georgian Ecole Marie Brosset, where students study for the French Baccalaureate examination

The American QSI International School is also located in Tbilisi, where the students study the US curriculum and recognized qualifications.

Most of Georgian private universities are located in Tbilisi, as we as in Zugdidi, Fori, Rustavi and Kutaisi.

Culture and Leisure

Georgia is a gorgeous country with different cultural of ethnic, and religious backgrounds which mixes medieval and modern structures. 

Georgia is full of beautiful ancient churches nestled next to modern buildings, great food, and cheap beer. You can have fun and enjoy all the year along; in late spring and early summer you can enjoy hiking, while in late July you can spend summer on the beaches, and in winter you have another option, when you can try skiing and snowshoeing.

The Tusheti National Park on the northern slopes of the Caucasian Mountains is considered one of the most ecological and pure regions in the Caucasus, which was placed by UNESCO on its world heritage list in 2007.

For those who are looking for challenges, a weekend climbing Mount Elbrus (the highest in Europe) will be fascinating, you will satisfy yourself with an exceptional view that could only belong to Georgia.

On the other hand, Tbilisi has different vibes, especially at night, where you have varied choices of nightclubs, bars, and live music venues, you can always join your friends to spend a lovely evening.

Health Care in Georgia

Healthcare in Georgia is in a very high standard; although most of the facilities are mainly found in Tbilisi and Batumi.

According to records, Georgia receives considerable health financing from external sources; like the United Nations, the World Bank, non-governmental organizations and other countries, such as Germany, Japan, and the United States.

Nevertheless, the cost of medical care is still high, and if you are living in Georgia country you will not be entitled to free or subsidized health care, which means you need a comprehensive insurance policy before you move. You can find many companies would help you in this regard.

But generally, the health care system has a skilled staff, equipment for modern diagnosis and treatment, and speed in completing examination and reports.

apartments for sale in Georgia

Are you looking for apartments for sale in Georgia?

Traveling to Georgia is easy, as the requirements for obtaining a visa are simple. Most citizens of Arab countries do not need a visa (Georgia Visa) and can enter Georgia for the purpose of tourism for periods of up to a year.

After visiting Georgia for the first time as a tourist you will fall in love with this city, you may decide to settle down there.

Over the past few years, Georgia has become one of the favorite destinations for immigration for Arabs from different Arab countries, and the home of people from different cultural of ethnic, and religious backgrounds.

Most buildings and real estate in Georgia have attractive views, wide green areas and stunning lakes, moreover, you can find apartments for sale in Georgia among the cheapest countries in the world in terms of prices of housing units.

Apartment Prices in Georgia

Owning or buying real estate in Georgia is easy and simple, there are no administrative complications or governmental bureaucracy, and the ownership procedures do not take more than one day only to transfer ownership of a real estate.

As the real estate market in Georgia is considered to be emerging to some extent, and for a high return on investment, Arab interest in buying real estate in cities increased Georgia is different, whether, for residency in Georgia, or for investment, Georgia has recently become a land of investment opportunities in various fields of investment.

There are also multiple options whether buying apartments that are fully furnished or without furniture, and the prices vary also according to location

  • On the seaside: $ 500-1500 per square meter.
  • Far from the sea: $ 300-600 per meter.
  • Complete finishes: $ 600-1000 per meter.
  • Without finishes: $ 250-400 per meter

Ownership conditions in Georgia

Here are the most important ownership conditions to be applied for any apartments for sale in Georgia:

  • The ownership of two properties at most for the intention of private housing for the family without prejudice to the right to own the real estate necessary to carry out commercial or private business activity provided that it is authorized by the government.

 

  • The property should not be under the authority of the state’s antiquities protection law.

 

  • The area of the property should not exceed four thousand square meters.

 

  • A special condition is applied in case of ownership in the tourist and urban areas.

 

  • In the case of owning a building property or vacant land, it is necessary to adhere to the conditions within 5 years, otherwise, it will be prohibited to dispose of it.

 

Residence and immigration to Georgia

 

Georgia covers an area of 69,700 km². It is located on the Black Sea in Eastern Europe between Europe and Asia, and it has borders with Russia, Azerbaijan, Armenia, and Turkey.

With its political and liberal reforms, administrative advancement, and the e-governance system, Georgia excels among all the neighboring countries and even a number of European countries.

The real estate investment in Georgia has a high return, and many investment opportunities are available where starting a company in Georgia takes no more than a day. Worth mentioning that Georgia ranks highly among the safest countries in the world with a low rate of crime.

In this modern and fast-growing country with its beautiful nature, many people all over the world are thinking of immigration to Georgia especially the cost of living is very low compared to other European countries

There are many types of residence permits in Georgia, most notably

  • Residence based on an investment in an amount of $ 300,000‎
  • Residence based on an employment contract from one of the Georgian companies
  • Residence due to the purchase of a property and the value of the property must not be less than $100,000

The Georgian residence permit grants you the right to engage in any business activities, working in a company, studying and unrestricted stay in the country.

You will be enjoying all the constitutional rights and freedoms in Georgia including education, healthcare, social security, property and privacy rights, freedom of speech, conscience, religion, and belief.

You should become an owner of a real estate to grant short-term residence permit like an apartment or a house, any other residential or commercial property except for the agricultural land.  

Living in Georgia

Georgia is one of the safest areas, and people are recognized by kindness and hospitality in a great way. Some people may face a problem of communication because of the language barrier, as most of the Georgian people are not fluent in English, but there are simple ways to communicate that will facilitate this issue.

The Georgian people follow the Orthodox Christian religion, and you can get that easily as soon as you roam the cities of this ancient country, where you find old churches, crosses and hanging pictures everywhere bearing pictures of Christ and the Virgin Mary, especially in the popular markets.

Life in Georgia is simpler than many other countries with no complication, you can easily search for apartments for sale in Georgia, and you will be surprised by the quality of public transportation, which eases life in Georgia.

The currency of Georgia is the Georgian Lari, and the cities of this country are full of many Banks, and there are ATMs, especially in tourist places.

The Euro is also accepted as a method of payment in many places in Georgia, although it is expected to be at the bad rate of exchange, so you can keep this to an emergency option.

However, in most places, there are banks through which you can change money, as this is one of the eases of life in Georgia.

Prices in Georgia are cheap compared to other tourist countries, whether in terms of transportation, hotels or food.

For example, 20 Lari would be more than enough to make you roam around the city you live, by a taxi.

الإقامة في جورجيا

What you should know about apartments in Tbilisi ؟

The city of Tbilisi is the capital of Georgia country in the Caucasus, on the foothills of the Trials Mountains, and on the ancient Silk Road, which is the capital of the country and its largest city, and the Kura River divides it into two main parts, which gives it beauty and splendor, on the one hand, and a strategic role, on the other hand. It is the bridge that East and West are the first pipelines to transport Caspian Sea oil.

 Why buy an apartment in Tbilisi?

Tbilisi has a promising future in all fields, especially the real estate field, whereas Georgia is one of the easiest ten countries in the world to buy real estate, as there are no restrictions on buyers of any nationality if you are looking for apartments in Tbilisi, because of the flexibility in all investments, especially foreign investments.

Population 

The population of Tbilisi, according to a statistic in 2019, reached about 1.077,000 people spread over an area of about four hundred million square meters, and the indigenous people owe Christianity to the Orthodox doctrine, and they constitute about 89% of the total population, while the proportion of Muslims in the country is estimated at 4%, There are some other minorities from Greece, Armenians, Azerbaijanis, and Russians, and they constitute 7% of the total.

Climate 

The climate of the city of Tbilisi is considered a pleasant and likable climate for many people, it is moderate and semi-wet, and the average temperature there is about 12.7 annually, and it drops below this limit in the month of January to 0.9 ° and rises in the months of July to reach 24.4 °. The opportunity to fall snow is very likely almost every year, which makes it a unique tourist destination.

Tourist

Tbilisi is at the top of the list of tourist destinations in Georgia due to many reasons, the most prominent of which is its distinctive geographical location, which connects the Georgian east to the west and the south to the north as well. In addition to that, it is the capital and the main airport in Georgia (Tbilisi International Airport). You will never find someone who visited Tbilisi and never fell in love with it.

What are the prices for buying an apartment in Tbilisi?

You can travel to Tbilisi, to have a closer look and to meet your purchase criteria, but if it is not possible to travel to Tbilisi to see the available options, it is still possible to buy without a visit, because some developers can send you the contract by email, while others will ask the buyer to give a power of attorney to a local lawyer to handle the purchase on your behalf.

If you already have made up your mind, and you can make the purchase immediately, it is possible to complete the purchase of real estate within two working days.

Once you choose your preferred property, the purchase agreement will be concluded within an hour or two, and the only document necessary to create the contract is a copy of your passport, as some developers need a small, non-refundable reservation fee, usually around $ 1,000 before the contract is created, but the majority will drop the reservation fee.

When you sign the contract, usually you have up to two weeks to pay the contract, so that you can make the payment by bank transfer directly to the developer’s account once you return to your home country.

But in case that you send the money from outside the country, the contract can be in US dollars, and If you are sending money to the developer “selling” from an account in Georgia, then the contract must be concluded in the Georgian Lari, to avoid any risk happening due to change of exchange rate.‎ 

Advantages of investing in apartments and real estate in Tbilisi

When considering Prices of apartments in Tbilisi, you will find the best opportunity for international real estate investment, and that’s because of the following: – 

1.  Affordable

If you are looking to purchase international property anywhere, you should know that prices of apartments in Tbilisi are among the lowest of other countries over the world, as fully-fledged apartment prices in Tbilisi start from less than $ 30,000.

2.  High occupancy rates

The number of tourists visiting Tbilisi is increasing every year, and much more than the number of hotel rooms being added to the market, so this excellent occupancy rates may exceed 80% in well-marketed real estate, and room rates are relatively high, especially in the busiest summer months, so there is a great opportunity to invest your money in real estate in Georgia, it is necessary to know its advantages and also know the prices of apartments in Tbilisi.

The number of tourists visiting the city increased by more than 30% and the number of international visitors arriving at Tbilisi Airport increased by more than 42%, and there is still a lot of growth in the coming numbers.

3.  High rental profit

High demand and low supply is a great chance for excellent profits, for the right property in the right place that is marketed the right way, you can see the total rental income profit up to 20%.

4. There are no restrictions for foreign investors

Some countries make it difficult for foreigners to buy a real estate, but in Georgia You are free to buy. The foreigners can buy real estate in Georgia on a full freehold basis.

Property registration system is incredibly fast and direct, the property can be registered in your name within a few hours

5. The permanent residence

When you want to invest in Georgia, you will be like having a second permanent home, Tbilisi is an ideal option, as the cost of living there is the lowest in Europe, and the climate and the hospitality of its people are two other reasons behind thinking about investing in Georgia, anyone who invests 35,000 dollars or more in a real estate has the opportunity to obtain a permanent residence in Georgia, and to get all the advantages like the native Georgians.

buy a house in Tbilisi Georgia

How can I buy a house in Tbilisi, Georgia ?

Foreigners can buy property in Tbilisi, where ownership is registered in the House of Justice (Georgia Ministry of Justice). It is difficult to find more reliable guarantees. The procedures for registration are fully uncluttered and transparent.

Notably, that there are no extra requirements or procedures for foreigners to buy a residential real estate, and no extra taxes as well, you will just need a copy of your passport and then you can buy a house in Tbilisi.

Moreover, the same regulations are applied in case of purchasing a commercial real estate such as shops, offices, hotels, restaurants, cafes, etc., no restrictions here either.

The only exception here goes for the agricultural land, as of May 2017, foreigners are no longer allowed to buy or own agricultural land.

Although this point might look not a very important issue, as long as you are planning to be a farmer, still the term ‘agricultural land’ goes for any land which is outside the boundaries of major cities like Batumi and Tbilisi.

The problem is clearly shown if you want to buy a house in the countryside with a garden because the land will still be counted in this case as agricultural land.

Except for that, if you are looking to buy a house in Tbilisi city limits, there are no restrictions whatsoever, so you can invest in Georgia with no worries.

What is the registration process required to buy a house in Tbilisi?

  • Signing the real estate sale and purchase contract between the seller and the buyer. The contracts can be formalized and registered in the House of Justice and the Ministry of Justice of Georgia.
  • The buyer disburses the due payment to the seller’s account according to the concluded contract, and payment is made in any convenient way either in cash or in non-cash payment.
  • The real estate object is registered to the buyer by the contract concluded and the agreed payment and the registration are officially registered in the Justice House of the Ministry of Justice of Georgia.
  • Notably that the most prevalent method is the non-cash payment, as this payment is implemented for real estate through the developers by the national currency.
  • The payment is transferred to the construction company account, through the exchange rate which is determined by the National Bank of Georgia Payday. 
  • The mortgage cannot be granted to foreign citizens, but they can benefit from the installment payment offered by construction companies and developers. Nearly all construction companies – developers offer installments for 5-36 months and the initial contribution of 20-50% to new buildings.  

Why invest in Tbilisi ?

Tbilisi is considered now one of the safest cities for ex-pat and a real estate competitive market, it is rapidly developing and has managed to draw the interest of foreign investors.

This emerging real estate market doesn’t trouble by geopolitical instability, which makes it a much better choice than it was five years ago.

Georgians people are really honest when it comes to prices, you can trust them in the more competitive real estate market in Tbilisi.

Tips before buying a house in Tbilisi

1. You need to look hard to find a good real estate

Unlike most places in the world, it is not common and easy to find a good real estate online in Georgia, and that would be one of the challengings you will be facing, also, most of the property owners often don’t update their list.

Moreover, it is common that no one uses Google in Georgia, most people here use Facebook all the time, so you will have to go through Georgian Facebook posts about Tbilisi to do your real estate search.

2. Foreigners are treated in a different way than resident people

Some people might try to benefit the idea of not paying a “tourist tax” to take advantage of the fact that you’re a foreigner.

So, you will need a local contact if you decide to buy a house in Tbilisi, who will be dealing directly with the owner and that would be an advantage to avoid high rates.

3. Find a good broker

a good broker, who can handle and deal with the seller and keep things from getting out of hand, he will help you to find quality real estate and to avoid taking the risk.

4. You need a good relationship

In this small country relationships matter, and that is how things are going here. You’ll need a solid network of people whether developers, renovators, brokers, and attorneys they will be a great help to buy a property in Georgia, or even to make major renovations.

Finally, Tbilisi has a promising future in all fields while residing in a country like this guarantees a wonderful financial future in the short and long term as well, and that buying a property in Georgia guarantees stability and living a decent life inside the state.

There is a sincere wish from the country to achieve the economic growth that depends on the flow of money, employment, and investment projects, so the government of Georgia does not make an effort to starve foreigners in owning real estate in its territory either by enacting laws that facilitate this issue or by reducing purchase costs and other related matters besides the low population that did not exceed 4 million people, which makes it an attractive country for the population.

What will attract you to invest in Georgia

Invest in Georgia

If you want to invest in Georgia so geographically it has a strategic location, low taxes, easy procedures if you need services, low employment, the government encourages businesses and trades, it is truly a secure and viable real estate investment environment because it has stable security and prosperous economically. Start a new life and live like kings and queens in the best countries economically, geographically and insecure. There are several things will make you decide to invest in Georgia.

Location in Georgia

The location in Georgia is specialized, in front of the mountains, between Europe and Asia, with more than 12,000 historical and cultural monuments.

The capital of Georgia is Tbilisi, which is called the capital of beauty. Georgia is characterized by high tourism rate because you can find everything there, you can go skiing and enjoy the view of the snow covering the tops of the mountains.

About Vis in Georgia

94 countries have a free visa system to Georgia, and multiple visa holders and residents of more than 50 countries may enter and stay in Georgia for 90 days within one year.

So,

If you think of building your own project in Georgia, you will find low employment, and there is also low taxes, and the Georgian government reduces energy prices for foreign investors. If you are a buyer then you will have permanent residence and public health insurance and you will be treated like any other citizen in Georgia equally while taxes are low for all citizens.

Studying and Careers in Georgia:

Georgia is one of the countries with low prices, high job opportunities that guarantee a high standard of living with the lowest costs on the mountains in front of the charming landscapes. Georgia has convenient transports to all places easily and with very low costs. Georgia is economically stable and there are no citizens suffering from high prices because of the prices within the level of the average citizen.

education in Georgia

There is a high education level in Georgia:

The educational level in Georgia is great and at the same time, its expenses are good and inexpensive. Georgia is generally the country with the lowest costs in the world especially in education, so students can experience a lot with low prices in several courses or MA or Ph.D. The Georgian generation, starting from 2013, are studying and practicing business besides that they are fluent in Russian, English languages with their original language “Georgian”. The level of education is remarkably high and it’s developing day by day.

Safety and security

You couldn’t find a safe place like Georgia, where you can leave your car open and go wherever you want. The roads are full of security cameras so everything is under the control of the country and there are no bribes. There is no discrimination between a Georgian citizen and a citizen of any other country.

Activities there:

The Georgian residents are hospitable having traditions and ethics similar to Arabic morals. You can practice many activities in Georgia where you can ride bikes, Climb Mountains because it is a mountainous area and there are many wonderful rivers where you can practice kayaking, in front of the magical scenery, in addition to horse riding is Georgia’s famous activity and you can also watch birds as there are more than 12 natural areas in Georgia.

Finally…

York Towers … your way to an elegant, comfortable and entertaining life because you really enjoy and deserve to live like a prince.