Investor guide

Buying property in Georgia for foreigners

Georgia has become one of the most accessible European markets for international real estate investors. Foreign buyers enjoy the same ownership rights as citizens on residential property, taxes stay low, and a qualifying purchase can unlock a residence permit of up to five years. This guide summarises what you need to know before buying — from the purchasing process to residency and Tbilisi real estate investment ROI.

Residency benefits

Non-citizens who invest in Georgian residential real estate above the government-set threshold (currently USD 100,000, valued by a licensed appraiser) can apply for a short-term residence permit. The permit is initially issued for one year and is renewable, and under the current framework a qualifying investor can accumulate up to five years of residency tied to the property.

• Residence permit renewable annually while the property is held.
• Spouse and minor children can be included in the application.
• No requirement to live in Georgia full-time to maintain the permit.
• Path toward permanent residency after continuous legal stay.

The purchasing process

Buying property in Georgia as a foreigner is straightforward and typically completes within one to two weeks. The country operates a fully digital property registry (National Agency of Public Registry), and title transfer is recorded on the same day the contract is signed at a Public Service Hall or notary.

1. Reserve the unit with the developer and sign a preliminary agreement.
2. Open a Georgian bank account (optional but recommended for transfers).
3. Sign the purchase contract in Georgian and English at the registry or notary.
4. Pay the state registration fee (from GEL 50 to GEL 200 depending on speed).
5. Receive the updated title extract — usually the same day.

Foreigners can purchase apartments, commercial units and non-agricultural land without restriction. Agricultural land is the only category reserved for Georgian citizens.

Tax advantages

Georgia's tax code is one of the most competitive in the region and is a major reason yields like Mira Verde Tbilisi Hills' 8% guaranteed rental return over 10 years remain attractive after tax.

• No property purchase tax for individuals — only the small state registration fee.
• Rental income tax: flat 5% for individuals renting residential property.
• Capital gains: exempt if the property is held for more than two years.
• No annual property tax for households below the local income threshold.
• Territorial taxation: foreign-sourced income is generally not taxed in Georgia.

Tbilisi real estate investment ROI

Tbilisi has seen sustained price appreciation driven by tourism growth, remote-work migration and a young domestic rental market. New-build residences in the hills above the city — where Mira Verde is located — combine long-stay rental demand with hospitality-grade management, which is what makes an 8% net guaranteed yield over 10 years achievable in this segment.

This guide is general information, not legal or tax advice. Confirm your specific situation with a licensed Georgian lawyer or tax advisor before purchasing.