Sunday, 05.10.2025, 10:55
Welcome, Guest | RSS
Menu
real estate » found » Realty

Georgia r.e

Real estate in Georgia



Some recognize Georgia as part of Europe, others - part of Central Asia while it is part of the Great Silk Way connecting those and other parties.



The country starts attracting actively tourists and investors 

In Georgia - this to the country blessed with warm and solar climate (average annual temperature + 130C), occupied by the hospitable and original people, so ancient, as well as this earth which up and down can be crossed less, than in days, practically, is all.

Despite hard times which Georgia had to endure since disintegration of the Soviet Union, this country starts attracting actively tourists and investors.

For the last three-four years extensive interest to this state especially increased. The key role in it was played by the revolution which come true on November 23, 2003 and has received popularity worldwide, as "velvet". It caused change of the government and global revision of the legislation that created favorable image of a stable political and economic situation and, in particular, caused flow wishing to get inhabited and commercial objects.

The real estate in Georgia freely is bought and on sale. It is much simpler to buy it to the foreign citizen, than in many other countries. As the independent expert in Nuts Asatiani's real estate speaks: "For this purpose it is necessary to have at itself only the passport and money".

Local laws freely allow foreign citizens to buy real estate (including representing historical value) in a private property practically on the same rights, as to aboriginals of the country. As it is paradoxical, to foreigners smaller demands, than are made to citizens of Georgia. In particular, the last are obliged to specify sources of the income.



View of Tbilisi from Narikal's fortress 

Process of purchase is simplified so far as preliminary preparation of documents necessary for the act of purchase and sale is entirely assigned to the seller of real estate. Both parties halve fee of notary office and intermediaries if those participate in the transaction.

The tax of about 12% from a total cost of real estate is raised only in case from the moment of the last resale passed less than two years. Exceptions are made by representatives of diplomatic missions who are fully exempted from payment of taxes and are obliged to pay only for utilities.


In Georgia within the last one and a half-two years the unknown boom of construction is observed. That it is possible to coordinate to certain reasons. On the one hand that until recently in force there was a law on the construction restriction, nowadays already cancelled; and on the other hand - existence of permanent demand for real estate. In a certain measure it at the same time caused also an incessant rise in prices. Realtors assume that the prices will intensively continue to grow. Though as Nutsa Asatiani speaks: "Unfortunately, it is difficult to foresee at what rates and to what limits they will grow, and also till what time and as similar events will be developed. It is necessary to consider that though last year, the situation at which the prices suddenly rose twice was created, next year there can already be an unforeseen stop of process".

Recently in Georgia mortgage loans began to become fashionable. For that receiving it is necessary to provide only the contract with the employer or any other official paper on the income, to carry out expertize of acquired real estate and to wait three days. Bank percent while are rather great and make from 16% to 24% per annum. And today their delivery to foreign citizens is forbidden by the legislation.

But in "The joint Georgian bank" - the fourth in Georgia on volumes of assets, 51 which % of actions since 2005 belong to Russian "Vneshtorgbank" - the citizen of Russia can take the consumer credit from 3000 to 10000 US dollars. But in order that to receive it, within the territory of Georgia it is necessary to have real estate subject to pledge already. Interest rates make, on the average, from 18% to 24% per annum. For information, the last two or three years it is steadily headed ratios of the Russian ruble to the Georgian lari (1 Russian ruble = 0,06 Georgian lari).

Today the most attractive and, respectively, the following districts of the city of Tbilisi numbering nearly one and a half million inhabitants are considered as the expensive: To Vaka, Belief, Saburtalo and so-called "The old city": Sololaki, Maidan, Avlabar, region of the well-known sulfuric baths. In above-mentioned areas the square meter of living space is appreciated ranging from 500 to 2000 US dollars. It concerns, generally new buildings.



Saburtalo's region.  New buildings differ from the Moscow a little 

However about 20 thousand buildings in modernist style, being historical monuments of architecture which to sell to foreign citizens, generally under non-residential premises are around the city dispersed, not only it is allowed, but even is welcomed. The price for such house can reach and half a million US dollars.

Depending on interests and a kind of activity of the foreigners, ready to invest the capital in the Georgian real estate, interest represents not only the capital, but also the regions, capable to attract with variety of a choice.

So, for example, near Tbilisi, in only 20 kilometers from the central Rustaveli Avenue, the ancient capital of Georgia - the city of Mtskheta where in the last one and a half years it became especially prestigious to get houses is located. It is explained by keen interest of tourists and entirely all Georgian population to being in Mtskhetsky area historical and architectural and religious monuments. In particular to Svetitskhoveli's XI Patriarchal Cathedral of the eyelid, striking with magnificence of fresco, and to Dzhvari's VI monastery of the eyelid, become a place of described events in M.Yu.Lermontov's poem "Mtsyri".

Existence developed infrostructures, including the direct high-speed highway and favorable climatic conditions, together with beauty of a landscape, promote high level and intensity of life in this region. In addition, in Mtskheta, as well as in all central regional cities, are concentrated and the set of enjoying wide popularity gambling houses, totalizators and the other institutions intended for rest and entertainments, operated both domestic, and foreign owners functions.

Before wishing to acquire real estate in resort and recreational zones ample and various opportunities for interesting and outdoor activities open.

Especially intensively foreign citizens, in a bigger measure Russians, in such regions of Georgia, as Adzharia buy real estate. To them the following seaside cities are attractive: Batumi (one of three seaports of the country. Here come because of unique color, specially, to try the well-known Adzharian khachapuris on the embankment, to drink the fragrant coffee prepared on the special recipe. In recent time, summer of 2005, in this city, together with the French experts, the most beautiful fountains with a son of lumiere on which specially come were designed to admire from different places. It should be noted separately and the world famous Batumi Botanical Garden being on the Green cape); Kobuleti (the small city being the favourite vacation spot of capital citizens, including youth); Сарпи (the sparsely populated and quiet town being on the Georgian-Turkish border); Ureki (well-known for the magnity sand beaches possessing medical properties) and others. In Adzharia also, as well as in Gury, an exported various citrus and tea are cultivated.

Not smaller interest represent especially attractive to judges of environmentally friendly and reserved zones, mountain landscapes and mountain skiing of the city: Borjomi, Likani, Bakuriani (applying for carrying out the following winter Olympic Games), Gudauri.

Separately it is necessary to allocate the mountain area Racha for a long time called with "the second Switzerland".

You shouldn't forget and about the second after the capital in size the city of Kutaisi - one of the central cities of the Western Georgia, being in Imerety who also began to develop intensively and I drew attention of buyers of real estate.


In East Georgia, for its part, Kakheti which has received a wide world fame, as the homeland of rare species of wheat and more than three hundred grades of the grapes intended both for the use in food, and for winemaking is famous. It is in addition rather interesting that in this region nearly two centuries, since expulsion of Decembrists to Georgia, compactly live and are engaged in farming the whole settlements of Russians. At all times Georgia was known for the multinationality and multi-confessionality. In one city, the area, on one street amicably get on Christian (orthodox, Catholic, Gregorian) churches, synagogues, Muslim mosques and other communities of the various religious direction (Buddhists, Krishnaites, baptists, iyegovist and other).

To this day practically all non Georgian population of the country (and it, based on these population censuses of 2002, makes more than 17% from total number) besides is Russian-speaking. That became the reason for existence and functioning, almost on all territory of Georgia, the Russian kindergartens, schools, the Russian sectors in average technical and higher educational institutions, Russian-language editions, the press, the Russian poetic and literary clubs and even the Russian theaters. For example, Tbilisi Russian academic drama theater of a name of A.S. Griboedov who this year solemnly celebrated the 160 anniversary.

Despite of obviously taking place political disagreements between Russia and Georgia, in all spheres and areas of science, art, business and human relationship stable, bilateral and mutually advantageous ties don't interrupt.

In any situations process of receipt of a visa to Georgia for citizens of Russia happens freely. The monthly tourist visa becomes in consular department of embassy of Georgia in one week and costs 10 US dollars. At the same time it can be received at once after an arrival in the Tbilisi airport for only 20 US dollars.

It is thought, available above-mentioned favorable conditions can inspire citizens and investors of any countries on successful and safe purchase of real estate, to make a favorable contribution for future growth of the capital as the real estate can be handed over profitably simply.



Real estate of in market -> Next
Category: Realty
| Rating: 5.0/1
Find estate
Free web hostinguCoz