Want buy apartment in Georgia? Read this
In Georgia, foreign citizens are allowed to purchase real estate,foreigners can buy residential apartments and commercial spaces, but the purchase of agricultural land is restricted.
▫️When acquiring real estate, the buyer is required to pay a one-time registration fee to the Public Registry.
Under the current legislation, the purchase of real estate can serve as a basis for obtaining a residence permit under certain conditions, provided the property is valued at no less than the equivalent of $100,000 in Georgian Lari.
🔹The residence permit is valid for 1 year and can be renewed as long as the buyer retains ownership of the property.
The process of registering property rights is fast and transparent, typically taking 1 to 4 days.
The purchase of real estate requires an agreement between the buyer and the seller, prepared by attorney/lawyer in three copies and in two languages: Georgian and another language chosen by the non-resident buyer.
To register real estate (or to formalize the purchase agreement) in Georgia, only a passport is required.
The buyer’s presence is not mandatory for signing the agreement. This can be done by a representative with a notarized power of attorney.
When purchasing real estate in Georgia, only a state fee is paid at the Public Service Hall during the registration of the purchase agreement.
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