How to invest in Georgian real estate

Over time, people all over the world have been thinking about how to generate income without working. An excellent option that almost all novice investors stop at is investing in real estate.

It is not profitable to buy real estate in any part of the world. We suggest considering Georgia as an option for generating passive income.

Here you can easily buy an apartment in a new building in Batumi or a house in Tbilisi at low prices and excellent living conditions. In addition, the country's laws allow foreign citizens to invest in Georgian real estate easily.

Let's start with the fact that Georgia is an amazing country that is gaining popularity not only among tourists but also among investors. An analysis of economic development over the past five years has shown that the growth rates are stunning. The prospects of turning Georgia into a tourism center of the Caucasus are completely justified. And therefore, real estate investments in Georgia will pay off in the near future.

Advantages of buying real estate in Georgia

1. Affordable prices. Even in resorts on the seaside, prices do not go above $2000 per square meter, while in Tbilisi or ski resorts, average prices are around $1200 per square meter. At the same time, minimum prices start from $400 for rough finishing in new buildings on the outskirts. However, it should be understood that in Georgia, the construction of new neighborhoods is happening at a rapid pace, and very soon, the outskirts will turn into full-fledged parts of the cities. And considering that, for example, Batumi is a small city, you can walk from its outskirts to the seaside in 15 minutes. In Sochi or Turkey, it is impossible to find real estate for $400 within a 15-minute walk from the sea.
2. Tourism in Georgia is also developing very actively. If in 2015, the country was visited by 6 million people, in 2019, it was already 9.5 million. After the reopening of the borders closed due to the pandemic, the flow of tourists will resume instantly. Therefore, the demand for renting real estate in Batumi or Tbilisi is colossal.
3. No property taxes, including for non-residents. Expenses for utilities can also be reduced by installing a reasonable heating and conditioning system.
4. Georgia is among the top five countries offering the simplest documentation process for transferring real estate ownership. You will only need a passport, a contract, and payment of state duty. The procedure takes a maximum of 4 days. There are no restrictions for foreigners.
5. Foreign citizens in Georgia can use purchased real estate for commercial purposes without any restrictions or additional conditions.

We have described Georgia based on five parameters that should be considered when choosing a location to buy an apartment or a house. And in each of them, the ancient Caucasian country unequivocally outperforms other European countries.

Opportunities that arise after buying property in Georgia

Considering all the positive aspects that make Georgia a top choice for real estate investment, one should not forget about the additional opportunities that arise when buying property in this country.

You get the opportunity not only to buy an apartment in Batumi or Tbilisi and rent it out later through ads on Georgian websites. You also get the advantages of the hotel business.

In Georgia, there is the possibility of buying property as part of a hotel complex. This means that the management company will take care of finding and servicing tourists, while you will only receive rent. One of such investment projects is the Blue Sky Tower complex in Batumi. A unique project that will pay off in just a few years!

Also, when buying property worth more than $100,000, you have a chance to apply for a residence permit in Georgia. And this is a Schengen visa and Georgian citizenship after a certain period.

Buying property in Georgia means opening up new perspectives for yourself.