In Georgia, the majority of new apartments are sold in what is known as ‘white frame’ basis. This means that they come with bare concrete walls, floors, ceilings, no bathroom, etc. It costs around $150 per m2 of the interior of the apartment, not including the balcony as there is no work necessary on balconies. […]
Summary: It is very difficult for foreigners to get mortgages in Georgia. In those situations where it could be possible to get a mortgage, interest rates are very high compared to the rest of the world – in the region of 10% per annum. At Tbilisi Property, we are often asked if it is possible […]
Georgia is one of the Top Ten easiest countries in the world for buying real estate. There are no restrictions on buyers of any nationality purchasing real estate in Georgia. Here’s all that you need to do in order to purchase your ideal property in the city: By far the best way to start the […]
I started writing about real estate in Eastern Europe way back in 2007. At that time, the hot market was Bulgaria’s Black Sea coast resorts of Sunny Beach and Golden Sands, where prices were low and there was a massive building boom going on. Back in 2007, I could see that all of the signs […]
In addition to the high yields that it is possible for investors to make through investing in property in Tbilisi, another advantage of buying real estate in Georgia is the fact that it is possible to obtain Residence in the country as a result of the purchase. From 5 July 2019, the minimum investment necessary […]
Buy an offplan apartment in most countries in the world and you’re getting an apartment that is pretty much ready to just add furniture to – maybe plus a fitted kitchen – and you’re ready to move into it, or rent it out. But that’s not usually the case in Georgia. In the majority of […]
The short answer is – YES! Foreigners can buy property in Georgia. Foreigners have exactly the same rights when it comes to buying residential real estate as Georgian citizens have. There are no extra requirements for foreigners and there are no extra taxes either. The only documents that are required for purchasing property is a […]
If you were thinking about purchasing an apartment in the highly affordable Dirsi project, then now is the perfect time to buy your dream apartment in Tbilisi. The developer is currently running an exciting promotion. You need to act quickly, however, as the promotion is only valid until 31 December 2017. Anyone who is able […]
Christmas came early this year for Tbilisi’s shopaholics as the long-awaited Galleria Tbilisi Shopping Mall opened on schedule on 30 November, 2017. It was a close run thing. Always scheduled for completion during Autumn/Fall 2017. the mall opened at 8pm on the last day of November – just four hours before the start of winter. […]
After a delay of some 21 years, Tbilisi finally received a brand new metro station last week. Located in the popular and upmarket Saburtalo district of the city, the metro is an extension to the city’s green line, linking to Vazha-Pshavela station. Called ‘University’, the station is located close to Tbilisi State University’s Maglivi X building […]