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Real Estate in Georgia

real estate in georgia

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.

real estate in Georgia

to buy or rent home you can use Georgia Real Estate Search Engine

real estate in Georgia

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.

real estate in Georgia

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

real estate in Georgia

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.

real estate in Georgia

Steps to buying a property in Georgia

First we suggest that you ask your real estate consultant to show you the city so that you can identify different parts of the city and also get an overview of Georgia construction projects and different examples of villas, apartments and land. After that, you can select the area you want to buy property in Georgia, and according to the budget, using property search engines, you can identify the properties and inspect the property in a few days. After selecting the desired property with the seller of the property, which can be a person or company, refer to the Public Services Office and at the same time pay the property, which according to the agreement of the parties is in the form of cash or bank transfer, signing the property transfer documents It is done in Georgia and the buyer can receive the property document on the same day by paying 206 GEL, one working day later by paying 150 GEL and after four working days by paying 55 GEL. A real estate deed in Georgia is issued online, and anyone can view the title deed by entering the property registration code on the website of the Deed and Real Estate Office of Georgia, which prevents any misuse and fraud. Do not forget a very important point and that point is that you can sign the documents in Georgian government offices in translated form and in the presence of an official translator in any language you are fluent in. Remember that having a professional team with consultants, experts and professional lawyers by your side will help you to have the best choices and do your job in buying and selling property in Georgia without any problems.

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

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:
  • 🎫 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.
buy real estate in Georgia

It is better to read more about the Interior design and execution in Georgia

real estate in Georgia

Buying villa in Georgia

Regarding the villa, it can be said that the price of the villa is very reasonable in this country, and compared to other countries, it can even be said that it is unbelievable, and you can experience having a villa in an incredible climate with the lowest cost. The only important point that we will explain below is that in order to buy a villa in Georgia, you must make sure that the land is non-agricultural, because villas built on agricultural land cannot be bought and sold by foreigners. It should be noted that with a good consultant and lawyer, this mistake will never happen to you when buying a property in Georgia.

Buying land in Georgia

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

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
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