Georgia

• Apartments, houses, shops, offices — in ownership, in one's own name. Registration can take one day at the Public Service Hall (the state service centre).
• Agricultural land is closed to foreigners. In Kakheti, according to the official text, houses and non-agricultural land can be bought into ownership, while vineyards and other agricultural land can be acquired only by inheritance.
• The rule is the same across the country. In our records for Batumi, Gudauri, Bakuriani and Tbilisi it is the same; places differ not in the right to buy but in prices, seasonality and buyer protection.
• Source of the rule — pages of law firms and agencies, not the law itself; we have read the land ownership law only for Kakheti.

Buying:

Example on 100,000 lari (about $38k) at the standard term: fee 150 lari, notary about 200, agent 2,000–3,000. Total 2,350–3,350 lari (about $1.3k), that is 2.35–3.35% of the price. Without an agent and a notary — 0.15%. This is an illustration based on entry rates, not a forecast.

The sources differ in small details: a law firm gives the fee as 50–200 lari and the total as about 0.5%, a page on Batumi gives 82–307 lari, and the official Registry page gives 150, 270 and 350. We use the official one. For Gudauri the total is given as about 0.3% of the price, for Bakuriani about 0.1%.

The 18% VAT applies to new-build. The developer's price usually already includes it — this should be clarified in the contract. The reference in our base leads to an earlier edition of the code; the confirmation level is medium.

Holding:

• Property tax for individuals (except land) — according to the text of the code, from 0.8 to 1% of the market value at the end of the previous year. The exact rate within the range is set by the municipality. The date on which the latest edition took effect is not yet available; we will provide it on request.
• In Gurjaani (Kakheti), a council decision of 16 January 2026 sets 0.1% for a family income of up to 100,000 lari (about $38k) and 0.9% for an income of 100,000 and above. This is the rule of one municipality; we have not opened others. The two versions differ, and we will not choose between them.

Selling:

• A residential apartment or house with a plot: 5% on the gain, that is, on the difference between the sale and purchase prices. A non-resident pays on income from a Georgian source.
• If the owner has held the home for more than two years, the gain is not taxed. The period runs from the date of the document on the right to registration. There is no separate norm on non-residents; the conclusion is drawn from the text of the code.
• Other property is taxed at the general rate of 20%; details on it are available on request.

• Long-term — free for foreign owners. According to an agency page, the owner registers on the tax service portal rs.ge with a Georgian tax number.
• Short-term — no licence is needed and there are no strict restrictions. According to a law firm page, with registration on rs.ge the income tax is 5%, without it 20%. In Bakuriani demand is seasonal, November–March; in Batumi a developer cites a season of about 70–80 days of occupancy.

Tax on residential rental income for an individual: 5% of gross income, with no deduction of expenses. Whoever wants to deduct expenses pays the general rate of 20% on net income.

This is the tax in Georgia. Tax in the investor's country of residence is calculated separately.

A National Bank decision of 26 February 2025 temporarily raised the maximum loan share in the price of the property to 90% for loans in lari, and to 80% for borrowers with income from abroad. The increase is described as temporary. The page says nothing about non-residents, and the rule is addressed to banks: the terms of a particular bank may be stricter.

• A short-term residence permit is issued to a foreigner with property (other than agricultural land) whose market value is above 150,000 dollars in lari equivalent. The value is determined by an accredited appraiser, not by the transaction price. This is according to the official page of the Public Service Agency; the period of validity is not stated on it.
• Citizenship: a confirmed record of citizenship for property is not yet available in our base; we will provide it on request.

A housing price index for Georgia is not yet available in our base: the Bank for International Settlements does not publish it, or it has not been loaded. For that reason the four lines (in lari and dollars, adjusted for inflation and not) are not in the review. The lari exchange rate floats; the National Bank calls this a deliberate policy. What will happen to the dollar value of an apartment, the review cannot say.

The reference base has 56 districts: Tbilisi 20, Batumi 14, Kakheti 11, Kobuleti 5, Gudauri 4, Bakuriani 2.

Prices read on pages (dollars per sq. m):

What can be seen:

• Of what we read, Batumi is more expensive in the primary market, but the data relate to 2024.
• In Tbilisi prices differ by almost a factor of two: the centre is more expensive than the outlying new-builds.
• Prices for Kakheti, Kobuleti and Bakuriani were not found on the pages read.
• These are asking prices and retellings, not transactions; the columns cannot be compared with each other.

What a foreigner can buy. According to law firm pages, a foreign individual buys a shop and an office in their own name, on the same terms as a citizen of Georgia. Only agricultural land is closed. A licence and a local company are not mentioned in the sources. The sources give no size limits.

How it differs from housing.

• There is no transfer tax or stamp duty — the same as for housing.
• 18% VAT is charged when buying a non-residential premises from a VAT payer. A one-off sale of a non-residential building is treated as economic activity.
• 18% VAT on rent: leasing out property is treated as a service. Registration as a payer is mandatory when taxable operations over 12 months exceed 100,000 lari (about $38k).
• The general rate of personal income tax is 20%; 5% applies only to residential rent. The rate specifically for commercial rent and the withholding procedure for a non-resident are available on request.
• Property tax: the amount for commercial premises is available on request.
• The usual term of a lease is not yet available in our records.

Hotels and apart-hotels. Our base marks districts with hotel-type apartments: Bakuriani, Didveli, New and Old Gudauri, the Kobuleti embankment. In Kobuleti, the sale of hotel rooms and retail space is not yet confirmed.

Rent and vacant space. TBC Capital review (the investment bank of the TBC group), 2024, from the pages of Investor.ge magazine:

For Batumi it is not stated explicitly that the price is monthly. The data come from a bank review, not official statistics; shopping centres are not street-level shops.

Where it is concentrated. See the list above: the resorts Bakuriani, Gudauri, Kobuleti. For cities we have only rent levels.

The agencies' figures describe the upper end of the market: class A offices and shopping centres, not what a private investor usually buys.

Not yet available: yield, prices of small premises, mortgage for commercial property, taxes on commercial rent and property, contract terms. We will provide them on request.

• Permitted for foreigners.
• Batumi: developers pay penalties for delays. Risks: delays in handover, changes of layout by 1–3 sq. m, limited liquidity.
• Gudauri: the developer's reputation should be checked; the source speaks of the absence of mandatory buyer protection measures.
• Kobuleti: pre-sales are under way in several projects, including Swissotel and Kobuleti Resort; handover is given as 2029–2031.

The reference base has 7 developers: Archi, Gumbati Group, Lisi Development, New Group, ONE Development, Real Palace, Redco.

Listings: Korter.ge, MyHome.ge, SS.ge, Makler.ge, Realtor.ge, Livo.ge, MyMarket.ge. Auctions: Livo auction.