Why investing in real estate in Georgia is profitable: facts and figures

Georgia is one of the most popular destinations for buying foreign real estate. In this article, we explained why this warm and hospitable country attracts investors and what conditions it provides to foreign buyers.

The government supports the real estate sector and creates favorable conditions for investors: it pursues a loyal tax policy, ensures the safety of investments and launches joint projects for the renovation of buildings with leading developers.

Millions of tourists visit Georgia every year, and the tourism sector plays a key role in the economic development of the country.

The large tourist flow fuels demand for short-term rentals. But many people also come for long-term holidays: citizens of 108 countries can stay in Georgia without a visa for a year.

Real estate in resort regions such as Adjara is especially in demand among foreign investors, where 80% of housing sales in 2023-2024 were made by foreigners.

Real estate prices in Georgia remain affordable, although due to the growing demand, the cost per square meter in new residential complexes is gradually increasing.

The main strategies for investing in real estate in Georgia are renting out the property and reselling it after construction is completed.

Investment profits can be legally withdrawn from Georgia abroad.

Foreigners and non-residents can purchase property in Georgia under the same conditions as citizens of the country. Data on property owners is not transferred to other countries, and investors' investments are reliably protected by legislation.

Georgia has the lowest level of corruption in the Black Sea region, the Caucasus and Central Asia according to the Global Corruption Index 2023.

Georgia has one of the most loyal tax systems in the world for foreign investors.

The transaction of buying property in Georgia is transparent and with a minimum package of documents — only a passport is required from a foreign investor. A remote transaction can be done in one day through a representative with a notarized power of attorney.

When investing in property worth $ 100,000 or more in any region of the country, the investor and his family members can obtain a residence permit in Georgia, which opens up additional opportunities for obtaining visas to the U.S. and EU.