Everything you need to know about buying and investing in real estate in Tbilisi, Georgia.
After signing the initial agreement, depending on the type of investment, 10–30% of the property price is paid directly to the developer. Following this initial payment, we begin registering the property in your name with the Georgian Ministry of Internal Affairs.
The tenant can pay the monthly rent directly into a bank account that you open with a local bank in Georgia. Depending on the arrangement we agree on with the tenant, rent may be paid one month or three months in advance.
You will need to sign the purchase agreement, a power of attorney, and, of course, the documents required to transfer the property into your name with the Georgian Ministry of Internal Affairs.
There is no purchase tax and no tax on rental income. However, if you sell the property within the first two years of ownership, a 5% capital gains tax applies to the increase in its value. After two years, there is no tax on the appreciation either.
We aim for annual investment returns of 7–8%, separate from potential annual property appreciation of 10–15%.
For a resale apartment, the property is registered on the same day.
For a new apartment, a cautionary notice is registered, and the property is registered in your name on the day you receive the keys.
It is entirely your choice. We can manage the whole process for you from Israel through a power of attorney signed with our Israeli-Georgian lawyer. Our team will handle all the paperwork for you, including opening a bank account in your name.
If you would like to fly over and visit the property, our local team will accompany you during your visit.
If you choose to visit Tbilisi, the signing takes place at the Georgian Ministry of Internal Affairs. If you prefer to complete the process from Israel, you will sign a power of attorney at one of our affiliated law offices in Israel.
Since the beginning of the 2000s, Georgia has experienced significant economic growth, driven by government reforms aimed at increasing domestic and foreign investment and improving the business climate. The country also benefits from its strategic location along the historic Silk Road trade routes.
As of 2016, the real estate market was showing steady growth, with annual increases of 10–15% in property values and rental returns.
Tourism is another important contributor to Georgia’s economy. Georgia welcomed more than 5.4 million tourists in 2022 alone, from over 38 countries worldwide.
Any foreign national with a passport can purchase property in Georgia.
Financing of up to 80% may be available, regardless of your existing loans in Israel, provided you can demonstrate a stable, regular income.
You can get started with as little as $10,000.
The transaction value is denominated in US dollars and is not linked to any index.
You can deposit cash into your local bank account, and the funds will then be transferred to the developer.