Georgian real estate types: Before you make a serious decision to buy a property in…
Is buying land in Georgia a good idea?
Is buying land in Georgia a good idea? – The short answer is – YES! Foreigners can buy property in Georgia.
Foreigners have exactly the same rights when it comes to buying residential real estate as Georgian citizens have. There are no extra requirements for foreigners and there are no extra taxes either. The only documents that are required for purchasing property are a copy of your passport.
In addition to residential real estate, the same applies to the purchase of commercial real estate such as hotels, shops, restaurants, offices, etc. There are no restrictions here either.
There is only one type of real estate investment that is not open to foreign investors and that is agricultural land. As of May 2017, foreigners are no longer allowed to buy or own agricultural land. Get In Touch