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Buying a property in Georgia FAQ

For executing the purchase and sale transactions, only the passport of the buyer is needed. All purchase and sale transactions are recorded in the Public Register in the House of Justice of Georgia.

The amount of payment for the services of the Register depends on the timing of registration of property rights.

  • Within 4 working days – 50 Gel (equivalent to $17).
  • For 1 day – 150 Gel (equivalent to $50).
  • Within 1 hour – 200 Gel (equivalent to $67).

This process is simple, clear, extremely fast, with a minimum required number of documents and a low registration fee. It takes no more than 2-3 hours in general.

In the country of Georgia, there is no requirement for compulsory insurance of real estate, this issue is left to the discretion of the buyer.

Payment of almost all utility bills is made according to the meter readings – electricity, gas, water. A fixed amount is set only for garbage collection.

The process of obtaining data on debt is automated as much as possible – data on consumed services are displayed in PAYBOX machines, which are literally on every corner in the city. With their help the payment is made. Also, payments can be made by bank transfer – via Internet banking, if you have an account in any Georgian bank.

(*the price for electricity is according to the minimum tariff – up to 101 kWh)

  • Electricity 1 kW / h costs 0.22 gel ($0.075).
  • Water 1 cubic meter costs 0.52 gel ($0.175).
  • Gas 1 cubic meter costs 0.57 gel ($0.19).
  • Garbage for 1 person / month. payment is 1.30 gel ($0.44).
  • Internet per month from 30 gel ($10).

In Georgia, there is no tax on the purchase of real estate, and on the ownership of the real estate. Only the rental of real estate from individuals registered with the tax authorities as taxpayers are taxable.

In 2017, blockchain technology has been introduced into the cadastral system of Georgia, thanks to which the contract cannot be recorded by a notary. The authenticity of each document is confirmed by a barcode of international standard, it makes any illegal fraud with real estate documents impossible.

Before the executing purchase and sale transactions, the buyer can independently check all information about the selected property in the Public Register. To do this, you need to make an application with a copy of the passport to the House of Justice. The extract from the Register will indicate the owner of the property, as well as information about all existing encumbrances, burdens or alienations of the object – whether the apartment is under arrest or in a mortgage. You can get the extract within 1 working day or faster, depending on the amount you are willing to pay for it.

The process of buying real estate from a developer and from an owner do not differ. If you buy an apartment off-plan, two contracts are prepared – preliminary and basic. The preliminary contract for the sale implies the registration of the apartment to the buyer, as the future owner until the parties fulfill the conditions. On the part of the buyer – until full payment, on the part of the seller – until the completion of the construction process and putting the house into operation.

Foreigners are allowed to buy and own all kind of real estates except agriculture lands.

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