Real Estate in Georgia

Georgia has become one of the world's most popular destinations for investment, with more than 25 percent of its property purchased by foreigners, for a number of reasons. Here are some of them:

Buying real estate in Georgia is popular with foreigners because you do not have to pay any taxes to maintain your property, and the only tax that you need to pay is selling tax when you earned profit that it is 5 percent from your profit and if you dont have any profit in selling time you dont need to pay anything.

Another reason for the popularity of buying real estate in Georgia by foreigners is the very reasonable price of real estate which is less than the average price in most countries . Of course, it should be noted that in a good area of the city, the price of apartments starts from an average of $ 1,000 per square meter, which increases according to the facilities and conditions of the building and the location.you can buy best full furnished apartment in a tower with garden area,swimming pool,gym,beautifull lobby and etc with 2000$ per square meter.

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Another reason for foreigners to buying real estate in Georgia is the high level of social security and tranquility in the country, making it the sixth safest tourist destination in the world. It may be hard to believe, but if you live in this country, you may not even hear about theft or news harassment even once a year.

Another reason for foreigners to buy real estate in Georgia and turn to investing in it is economic tranquility and a great platform for investment, as the country is growing at such an incredible rate that the World Bank Has also been named the third most suitable destination for investment in the world. It is also ranked third in the world for ease of starting a business, which reflects the country's favorable conditions for investment.

Another reason for foreigners to buy property in Georgia is the country's extreme climate. The country has a four-season climate and is rich in natural resources such as fertile soil and abundant water. We can never hide the fact that living in a pleasant climate is one of the most lovable human desires

Another reason for foreigners to buy real estate in Georgia is its good international relations with other countries, which has introduced the country to the world as a peaceful country with free trade and political relations, so that Fraser Institute has established Georgia It ranks 12th in the world in free trade

Another reason for foreigners buying real estate in Georgia is the good relationship between the people of these countries and foreigners. Georgia has a very hospitable and kind people, and this good behavior has led to an increase in immigration and travel to this country. You can easily feel this with a short trip to Georgia.

Another reason why foreigners buy real estate in Georgia, especially in Europe, Central Asia, the Middle East and the CIS countries, is because it is located between Europe, Russia and Asia and Georgia is not far from the countries mentioned, so it's easier for them to travel.

Buying land in Georgia

First of all, let's look at the types of land. In Georgia, lands are divided into two categories:

Agricultural lands:

Agricultural lands, as their name shown are used for agriculture.

But sometimes you can see villa houses on this type of lands, and after examining the document, you realize that the land is agricultural and they got permition to build on it. This is only possible for Georgian citizens and it is better to mention that everyday it is going to be harder to get permition.

According to Georgian law from several years ago, foreigners were not be able to buy agricultural land or a house on agricultural land, so it is necessary to consider the possibility of buying and selling agricultural land for foreigners. Don't buy it

However, due to the fact that Georgia has excellent weather conditions and very fertile soil, it has attracted the attention of many agricultural industry enthusiasts and activists, and it can be said that it is possible to rent agricultural lands for a long time, such as There are 20-year-olds and above, which is very common among foreign investors interested in real estate in georgia and agricultural land.

Non-agricultural lands:

Non-agricultural lands that are known by their names are lands that have non-agricultural uses and also its sale and purchase is allowed for foreigners and they can do everythimg without any problem. An important point for those who want to use non-agricultural land is to check the construction permit and the level of occupation (k1) and its density (k2). The simplest and most comprehensible definition can be expressed as the level of occupation, that is, how much of the area of this land can be built, and the density, that is how many square meters building can be built on that level of occupation. For example, the land is 1000 meters and its occupancy level (k1) is 0.5, it can be built on 500 meters of this land and the rest is for the yard and its density (k2) is 1.5, which means that 1500 meters of building can be built on occupied area. It should be noted that due to the profits and space for investment in Georgia in the construction industry in Georgia, the demand for non-agricultural lands is high, but note that the purchase of land has very small and important details that should be in the direction of experts. Use it properly. Therefore, the experts and lawyers of SisnoGroup are ready to advise and help you about real estate in georgia.

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Buying an apartment (residential, commercial, office) in Georgia

To buy an apartment in this country, two different categories must be considered:

- General conditions of the building

- Conditions inside the apartment

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Let's not talk about finished buildings because, as the name shown, they are finished and dont need explanation. So let's go to the explanation about the buildings under construction. One of the most important things about buildings under construction is that they are classified into two categories: - Buildings under construction under the supervision of the municipality and the separate document of its units are prepared in the roof stage of each floor and by purchasing them you can easily get a residence in Georgia. (Generally these buildings are projects Are made by reputable construction companies) - Buildings under construction that have the original document or the so-called slang of the mother document and the separate document of its units will not be ready until finish construct and get final explotaion permit from municipality. because there is no separate document for each unit yet, and you need a separate document to get a residence permit, so please be very careful when buying an Real Estate in georgia a building under construction

Tip: It's not out of the question to say that you can always make a better profit by buying in buildings under construction all over the world. You just have to be smart to choose best. Sisno Group experts are willing to give you advice for buying any kind of property in Georgia.After examining the general condition of the buildings, we examine the internal conditions of the apartments in Georgia. In Georgia you can buy an apartment in one of the following four domestic situations:

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🎫 Black Frame: When you are buying a Real Estate in Georgia, you will hear this term a lot, because most of the building units in this Georgia are sold in this way. For more details, we will try to go with an example. In this case, you may see a completed building whose facade and corridors and common areas are completely ready, but when you open the unit door, you will see a concrete and black cube. The branches of electricity, gas and water are in the unit until the door and you have to build it according to your own taste. Such buildings are called Black Frame. It is necessary to know that Sisno Group Design and Reconstruction Department is ready to provide your property design and decoration services from zero to one hundred with the most appropriate price and in the shortest time, by having a professional and experienced team. So please don't worry about doing this at all because our experts will be by your side
🎫 White Frame: In this model, the facade of the building and its joints are finished, but when you open the unit door, you will see that in addition to interior walls, along with very simple plastering, gas piping and electricity It's partly done inside the unit, and you need to build the floor, ceiling, and walls, and you can do it with your taste. Such buildings are called white frames. It is necessary to know that Sisno Group Design and Reconstruction Department, with its professional and experienced team, is ready to provide your property design and decoration services from zero to one hundred with the most appropriate price and in the shortest time. So please don't worry about buying this kind of real estate in Georgia at all because our experts will be by your side.
🎫 Finished: In this model, all the interior work of the unit is done and you only need to buy or transfer the interior furniture of the apartment so that you can enjoy your property.
🎫 Furnished: As its name suggests, in this model, the units are complete and decorated, as well as with all the equipment, and you only need to transfer your personal equipment.

Frequently asked questions about buying real estate in Georgia

1 Is it possible to get residency in Georgia by buying a property?

Yes, you can get a residence permit by buying a real estate in Georgia for at least one hundred thousand US dollars

2 How long does the administrative process of buying a real estate in Georgia take?

The administrative process takes about an hour at the Public Service Office and you can get your title deed in one of three modes on the same day by paying 206 GEL, after 24 working hours by paying 150 GEL and after 4 working days by paying Get 55 GEL.

3 Is it necessary to have a residence in Georgia to buy a property in Georgia?

No, it is not necessary to have a residence permit to buy a property, and you can buy a property in Georgia with a passport of any nationality.

4 How to pay for real estate in Georgia? Cash or bank transfer?

According to the agreement with the seller, the buyer can pay the purchase amount of the property both in cash and by bank transfer.

5 Is property ownership in Georgia definitive and does it include inheritance monopoly?

Yes, property ownership in Georgia is 100% definitive and even includes inheritance laws.

Real Estate in Georgia

Real Estate in Georgia

Buying land in Georgia

Agricultural lands:

Non-agricultural lands:

Buying an apartment (residential, commercial, office) in Georgia

To buy an apartment in this country, two different categories must be considered:

Frequently asked questions about buying real estate in Georgia

1 Is it possible to get residency in Georgia by buying a property?

2 How long does the administrative process of buying a real estate in Georgia take?

3 Is it necessary to have a residence in Georgia to buy a property in Georgia?

4 How to pay for real estate in Georgia? Cash or bank transfer?

5 Is property ownership in Georgia definitive and does it include inheritance monopoly?

If you have any questions after reading a text, our experts are professionals in the company «Sisno Group» beside you to provide a free consultation