Real Estate in Georgia

Buying Property in Georgia Inexpensively: Myth or Reality?

Georgia is one of those countries that strives to be as open as possible to foreign investors. The country's leadership is committed to creating laws that do not restrict the rights of foreign citizens who want to live or do business on its hospitable lands. Therefore, today, almost everyone has the opportunity to buy a house, apartment, country house, or any other real estate in Georgia at an affordable price. The country has always been a favorite holiday destination for tourists. Those who have visited Georgia once will never forget its natural beauty, the unique charm of the local people, and the incredibly clean mountain air. That's why many people who have visited Georgia as tourists are eager to buy a house or land here.

Why Buying Property or Land in Georgia Is the Right Choice

As mentioned earlier, Georgia does not restrict the rights of foreigners to buy a house, apartment, or condominium. Property ownership rights undergo mandatory registration in the mortgage and land state registry. This can be done not only after a successful transaction but even during the construction phase. This sets Georgian legislation apart from other post-Soviet countries. If you visit websites dedicated to real estate sales in Georgia, you can see that it is possible to buy a house, apartment, or condominium at quite an affordable price. And this is not a scam. Property prices in Georgia have always been significantly lower than in some other neighboring countries. The location of the property primarily influences the cost. If you want to buy property in the capital of Georgia or in a city like Batumi, the price per square meter can vary from $400 to $500. In smaller cities in the country, you can find quite affordable residential options. For example, any Georgian real estate website may offer houses for sale in the provinces for $150 to $200 per square meter. Land for building a house is also available at an affordable price. Therefore, you always have a choice of where to invest your finances. Individuals are not subject to property tax. In addition, entrepreneurs who earn income from renting out property are not required to provide their data to the state registry. This is a significant advantage when it comes to investing in Georgian real estate or commercial properties.

Safe Buying and Selling of Property in Georgia

Just like in any other country in the world, there may be fraudsters in the Georgian real estate market. People who try to conduct property transactions on their own, hoping that everything will turn out well, often fall victim to them. Therefore, it is not advisable to rely on chance, and it is better to seek assistance from professional real estate agents. One of the companies operating in the international real estate market is Hayat Estate. Since 2012, the agency has been successfully operating in this field and helps its clients make profitable and secure property transactions. The company collaborates with developers from 15 countries around the world. Because the work is carried out directly with construction companies, they cover all the necessary expenses. At the same time, clients are exempt from paying a commission. This makes the process of buying and selling real estate more comfortable and increases the level of profitability.