tbilisi apartments for sale – Investment in properties in Tbilisi

Real Estate
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Georgia has many natural features and capabilities that make it one of the most beautiful cities in Europe, and the nature of the Black Sea, beaches, mountains, and semi-tropical climate which make it really worth living in.

Foreign investors are giving too much interest to investment in Georgia, with an increased demand for apartments for sale in Tbilisi the capital.

Tbilisi has a promising future in all fields, especially the real estate field. The government of Georgia is keen to achieve maximum improvement in the environment of investment during the past few years and to provide certain benefits to investors through a continuous reduction of the tax burden.

The government of Georgia is taking decisive steps to provide favorable conditions to encourage foreign investors, companies, and individuals similar to the local citizens.

Noteworthy that the investment residence permit will initially be issued for 5 years. After this time and if you don’t sell the property, you will be granted with the Georgian permanent residence.

Buying a property in Georgia is much easier than it is in many other countries, as some countries don’t allow foreigners to buy properties on their lands, but it is not the case here in Georgia.

Foreigners buyers can buy properties or apartments for sale on a full freehold basis under exactly the same terms and conditions for the Georgian citizens.

To register a property in Georgia you only shall to pay around 20-80 $ depending on how quickly you want the procedures are done. no Stamp Duty or any hidden cost of property ownership like other countries.

Travel visa for Georgia

It is possible for citizens of 94 countries to reside in Georgia for a period not exceeding one year with no need to get any visa or residency, which proves that Georgia is following the policy of progress.

While citizens of the European Union and Turkey do not need a passport to enter Georgia, where the identity card is sufficient for them.

If you visited Georgia for the purpose of tourism or business, you can apply for a visa that ranges between 30: 90 days to enter the country, it is easy to do this via the Internet or through the Georgian embassy in your country, depending on the type of visa and the country.

All of that encourage investors, businessmen, and even individuals to think of real estate investment and there is an increase in the demand for apartments for sale whether in Tbilisi or Batumi.

Residence permit when buying a property in Georgia

when you buy property above $ 100,000 in Georgia it is possible to obtain it and it is necessary to attach proof of ownership of your property with the required documents from you.

So, if you are looking for apartments for sale in Tbilisi, you can guarantee that residence will be issued for the first time for a year and then renewed for the duration of the ownership of your property.

Residence permit in Georgia

Work residence permit: This type can be issued when you migrate directly to do business for yourself or others, but only if you provide papers proving the professional activity you do.

Investment residence permit: it is for the purpose of investment which can be issued for an endless period.

This one is eligible for a foreign citizen and his wife as well in case of investment with a value of no less than 300 thousand USD (before the amendment was around 110,000 USD).

Permanent residence permit: This type can be issued when you have been in the country for a period of more than 6 years, or when you marry a Georgian citizen, it is also easy to issue a residence permit immediately.

Ownership conditions in Georgia

As mentioned before, all apartments for sale in Georgia are done based on the basis of freehold, you can buy the property under your name, contrary to what some believe that it is a must to be a Georgian citizen, as well as that there is no need to set up a company or follow some complicated ways to own a property.

the ownership of a property is at most two and to be with the intention of family private housing, and not to prejudice the right to own a real estate to carry out the private activity authorized by the government.

The area of the property does not exceed four thousand square meters.

The property should not be on the impact of the state’s antiquities protection law.

Special conditions are applied in case of ownership in the tourist and urban areas.

In the case of owning a building or vacant land, it is necessary to adhere to the conditions within 5 years, otherwise, it will be prohibited to deal with it.

Prices of apartments for sale in Tbilisi

You can always find the best and cheapest prices for apartments for sale in Tbilisi because of the large numbers of tourists and visitors, which contributes to providing the largest possible number of apartments with different areas, attractive views, large green areas, and distinctive sea view

There are also multiple choices of apartments that are free of furniture buy finishes, and others that contain everything and fully furnished with very special prices

The price per square meter ranges between $ 500 to $ 700 in the middle areas.

The price per square meter ranges between $ 1,000 and $ 1,600 in an upscale neighborhood.