Good to know before buying in Georgia

Here you will find some general information regarding buying the real estate in Batumi.

• Batumi is one of the fastest-growing cities on the Black Sea coast, with strong demand from tourists and investors.

• While the World invests in Dubai, Dubai invests in Georgia.

• Foreigners can purchase property in Georgia with full ownership rights (freehold, no restrictions).

• Georgia is Number 7 out of 190 countries in the Doing Business ranking.

• No permissions to live and to work.

• Stay 365 days without any paperwork.

• You do not even need to be in Georgia to buy real estate here. Remote deals are practised very often here.

• Non-residents are eligible for mortgage loans from Georgian banks — usually up to 70% of the property value.

• The buying process is simple, fast, cheap (max. 130 USD) and transparent — it can be completed within one day.

• In most cases, there is no property tax on residential properties held by individuals.

• Georgia has one of the easiest residency programs in Europe: property owners of 100,000 USD+ can apply for residency.

• Batumi’s tourism is growing by 15–20% yearly, boosting rental income potential for property owners.

• There are no year-round attractions such as a water park, a large shopping center. There is a lack of offices and warehouses.

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Please contact Konstantin Slanikov by WhatsApp +99 55 911 013 00 or fill out the form below.