Question 1

What documents are required to purchase an apartment?

Accepted Answer

A valid ID document is required for Georgian citizens, while foreign citizens need a passport. After signing the purchase agreement, ownership is registered with the Public Registry

Question 2

Can foreign citizens purchase an apartment in Georgia?

Accepted Answer

Foreign citizens can purchase apartments in Georgia without restrictions. Ownership registration is completed through the Public Registry in accordance with Georgian legislation and may be carried out either personally or remotely through an authorized representative

Question 3

Is it possible to purchase an apartment without a down payment?

Accepted Answer

Apartments in Well House projects can be purchased without a down payment through internal installment plans. Detailed terms are determined individually depending on the selected project and apartment

Question 4

Is there a discount available for full payment?

Accepted Answer

Additional discounts may be available in case of full payment. The discount amount depends on the specific project and the selected apartment

Question 5

In what condition is the apartment delivered (what does “green frame” condition include)?

Accepted Answer

The apartment is delivered in green frame condition, which includes internal partitions according to the layout, plastered walls, floor screed, aluminum window systems, a finished balcony facade, installation of electricity, water, and gas connections to designated points, and installation of individual utility meters. This condition allows the interior to be arranged according to personal preferences

Question 6

Is it possible to modify the internal layout of the apartment?

Accepted Answer

Changes to the internal layout are possible during the construction stage, subject to technical feasibility and agreement with the developer

Question 7

Is Tbilisi a good place for real estate investment?

Accepted Answer

Tbilisi represents one of the most active and rapidly developing real estate markets in the region, with consistently strong demand for residential properties and steady growth in rental demand. Central and developing districts are especially attractive for investment, offering both comfortable living conditions and long-term property value appreciation

Question 8

What is the average ROI on real estate in Tbilisi?

Accepted Answer

The average annual return on real estate investment in Tbilisi ranges approximately between 10–12%, depending on the type and location of the property. Investment performance is strongly influenced by project quality, location, and market demand, making carefully selected developments particularly attractive for both stable income and long-term value growth

Question 9

What procedures are required for foreigners to purchase an apartment?

Accepted Answer

A valid passport is sufficient for foreign citizens to purchase an apartment in Georgia. Based on this document, a purchase agreement is signed and ownership is registered with the Public Registry

Question 10

Does purchasing an apartment grant residency rights?

Accepted Answer

Foreign citizens may apply for a temporary residence permit in Georgia if the value of the purchased property equals or exceeds the equivalent of USD 100,000 in GEL. The residence permit is issued based on a formal application

Question 11

Is there an annual property tax on residential real estate for individuals?

Accepted Answer

Residential real estate in Georgia is subject to property tax depending on the individual’s annual income. The tax rate is calculated based on the market value of the property and ranges from 0.05% to 1%

FAQ