Looking to invest in Real Estate in Georgia and not sure how to start? Information is overwhelming Indeed. I decided to use my knowledge and experience to make your search for Tbilisi Real Estate Easier. I do analyze more than over 200 flats for sale. for each of my clients. Yes, I do help them to make the best investment decision possible and I would like to share the insights that I got working in this market right now. Before you proceed I advise you to read my post on which district you should choose to invest in Tbilisi. Which the best area for property investment in Georgia and where to look for houses for sale. Below you will find property prices in Tbilisi Hot and Cool districts of Georgia ( find on the before mentioned post what I mean by hot and cool district please, simply it’s shown on the picture below). I will also show you realistically, more laid forwards to pessimism, how much is rent for this kind of property in Tbilisi, and how much rental yield and return on Investment (ROI) should you expect.
Steps of Buying property in Georgia Remotely
The process is as straightforward as every procedure in Georgia is a first step we can prepare for your power of attorney or you will need a power of attorney, trustee in Georgia. That one needs to be apostilled or legalized in your country together with your password.
As a next step, you need to send the original copy by post after that your local trusting needs to take care of the legalization and authorization, and translation procedure in Georgia.
I am assuming that you have already found real estate property that you want to buy if not our company can help you to find some.
After all these steps your trustee will go to register your property in the public service Hall, of course, you will need a proper sales agreement.
The most important question is – how will you transfer your money? Usually, for extra safety we register the pre-purchase agreements only after registering the pre-purchase agreement our client, you, can transfer that money straight to the owner, and then the owner will go without your accompany and finalize the process. Basically, the owner confirms that everything mentioned in the career purchase agreement has been met.
House Prices in Tbilisi, Georgia
Now as we divided the districts of Tbilisi into three major parts – hot, cool and calm let’s talk about what is the market price of houses for sale in Georgia. Declaimer: These are not official figures for property prices in Tbilisi, I could not even find official figures. This is the data made by us as per my experience. This data we got from a weekly analysis of over 200 flats for sale in Tbilisi.
Important Note: Below Prices are given in USD for your convenience:
| Average Property Buy/Sell Price Per m2 | Invest in One bedroom – 42m2 | Invest in Two Bedroom -60m2 | |
| Hot Area | 1200 | 50400 | 72000 |
| Cool Area | 900 | 37800 | 54000 |
Expected Rental Income from your Tbilisi Property
Considering buying real estate for rental income in Georgia, country? Make sure you are aware of the current Georgia Real Estate market then. Now let’s compare together rental yield, which is probably most interesting for our readers. Let’s start with the hot area property. This is area mostly popular for short-term rentals. How much income should you expect from your Georgian Real Estate?
| Price in USD per night | Yield If Occupied 70% of times | ROI | |
| Average Price per Night. 1 bedroom | 25 | 6387.5 | 13% |
| Average Price per Night. 2 bedroom | 35 | 8942.5 | 12% |
As we can see, investment returns are very close for one bedroom studio flat and two-bedroom apartments in this district. Also, my estimation is super realistic, maybe more laid forwards to pessimism. Do not forget to take into account expenses associated with property maintenance, time required for serving short-term tenants and utilities which is usually paid by the host in case of short-term rentals. Now, as you will be looking to
invest in the real estate market in Georgia, I hope that you have approximate
orient on average prices for flats for sale Tbilisi Real Estate market.
How much is Tbilisi Property Investment Return in the Cool area?
Talking about Georgia Real Estate Market we should not be only looking for hot areas. Now if you are not sure what do I mean by cool area, make sure you read above definition suggested by me. You should not that long-term tenants do pay utilities and they bear other expenses related to property maintenance.
| Price in USD per month | Annual Yield | ROI | |
| Average Price per Night. 1 bedroom | 300 | 3600 | 10% |
| Average Price per Night. 2 bedroom | 400 | 4800 | 9% |
Graphs - Investment versus Return Graph in various Districts of Tbilisi
How to Buy Property Remotely in Georgia:
Are you interested in purchasing property in Batumi, Tbilisi, or anywhere in Georgia but can’t be physically present? Buying property remotely in Georgia is a straightforward process, and with the right guidance, you can successfully secure your real estate investment. Here’s a comprehensive guide to help you understand how to buy a property remotely in Georgia.
Step 1: Prepare a Power of Attorney
To start the process of purchasing property remotely in Georgia, you’ll need to assign a power of attorney to a trusted local representative. This legal document allows someone to act on your behalf during the transaction. The power of attorney must be apostilled or legalized in your home country, depending on local regulations.
Not sure what apostille or legalization means? In simple terms, apostille refers to the process of authenticating documents for use in foreign countries, while legalization may involve additional steps of certification. Once your power of attorney is legalized, send the original copy along with your passport via post to your representative in Georgia.
Step 2: Finding the Right Property
If you haven’t already identified the property you wish to buy, many real estate agencies, including ours, can assist you in finding the perfect investment. Whether it’s a flat in Batumi or a house in Tbilisi, we can provide a range of listings that fit your preferences.
Step 3: Property Registration and Documentation
Once the power of attorney and other necessary documents have been sent, your trustee in Georgia will handle the translation, authorization, and legalization procedures locally. Afterward, they will take the proper steps to register your property at the Public Service Hall in Georgia.
Before registering the property, a sales agreement must be prepared. This legally binding document outlines the terms of the sale, including the purchase price, payment conditions, and property details.
Step 4: Safely Transferring Funds
One of the most important aspects of buying property remotely is securely transferring funds. For added security, it’s advised to first register a pre-purchase agreement. This agreement outlines the key terms of the purchase, protecting both parties.
Once the pre-purchase agreement is registered, you can transfer the agreed-upon funds directly to the property owner. Upon receipt of the funds, the owner, with the help of your trustee, will finalize the property transfer. This ensures that all terms outlined in the agreement are met before the sale is completed.
Step 5: Finalizing the Purchase
After the money transfer and confirmation that all conditions in the pre-purchase agreement have been satisfied, the property ownership will be officially transferred to you. Your trustee will complete the final steps without your physical presence.
Looking for Real Estate Agent in Georgia?
We will happily assist you to make best investment decision. We guide with individual approach and offer customization depending on your needs. We do provide all in one support for real estate investment. Fill this form for real estate assistance request:
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