Property in Georgia
Georgia. Supplemental information
Georgia. General information about the market
How much does real estate in Georgia cost?
According to the Numbeo portal, 1 sq. m real estate in the center of Tbilisi costs $1206. In Batumi, economy-class housing on the primary market costs from $396, real estate on the first coastline is estimated from $700. The average cost of a "square" in ski resorts is $1,150. On average, 1 square meter of real estate in the country costs $826.
According to the website Makler.ge , an apartment in a new building in Tbilisi (Samgori district) costs from $39,500. The cost of an apartment of 80 sq. m. m with mountain views in the secondary market of Batumi starts from $59,000, for the same amount a new building in Batumi will have an area of 76 sq. m. In the resort of Borjomi for $44,000 – $49,000, you can buy apartments with an area of 100 sq. m.
Which areas of Georgia are the most popular among foreigners for buying a home?
Due to the seven climatic zones, the tourist flow to Georgia is year–round. Therefore, in addition to the capital ${Tbilisi}, it is profitable to buy housing in resorts – sea (${Batumi}, Poti, Kobuleti), ski (Gudauri, Bakuriani), balneological (Nunisi, Tkvarcheli) and balneoclimatic (Borjomi, Surami).
Are there any restrictions for foreigners when buying real estate in Georgia?
The legislation of Georgia does not impose any restrictions on the purchase of real estate by foreign citizens – this will require only a valid passport and the required amount.