Thinking about moving to Georgia and using real estate as a way to gain residency? You’re not alone. Many expats and digital nomads choose to buy property in Georgia thanks to its low cost of living, simple bureaucracy, and investor-friendly laws. Here’s everything you need to know about obtaining Georgian residency through property investment.
🏠 Why Buy Property in Georgia?
Buy property in Georgia is not only a smart investment, but also a strategic way to obtain legal residency. The country offers a straightforward and accessible process for foreigners who wish to invest in real estate, without the complex barriers found in many other countries.
One of the most attractive aspects is that there are no restrictions on foreign ownership—you can fully own residential or commercial property in your name, without needing a local partner or entity. This level of freedom is rare in the region and makes Georgia stand out as an investor-friendly destination.
The property market is growing steadily, especially in popular areas like Tbilisi, Batumi, and Kutaisi, where tourism, infrastructure, and digital business hubs are driving demand. Real estate prices remain relatively low compared to Western Europe or North America, making it an affordable option for first-time buyers or long-term investors.
In addition to potential rental income and capital appreciation, purchasing property worth $100,000 USD or more allows you to apply for a one-year renewable residency permit.
✅ No citizenship required
✅ Relatively low property prices
✅ Fast application and approval process
✅ 100% foreign ownership allowed
✅ Residency benefits tied to property investment
📋 Step-by-Step Process
1. Choose a City and Property Type
Most investors opt for apartments in Tbilisi or Batumi, but rural areas are also valid. Your property must be officially appraised at a minimum of $100,000 USD (or its GEL equivalent) to qualify for residency.
2. Hire a Local Lawyer
While not mandatory, hiring a local lawyer is highly recommended. They’ll guide you through the purchase contract, title checks, and residency application.
3. Sign the Purchase Agreement
Once you’ve found the right property, sign the agreement in front of a notary. This can be done even without being physically present if you grant Power of Attorney.
4. Register the Property
The property must be registered with the Public Registry of Georgia. This process usually takes 1-3 working days and can be done online or in person.
5. Apply for Residency
Once the property is registered, apply for a one-year residence permit. You’ll need:
- 🧾 Property registration certificate
- 🛂 Copy of your passport
- 💵 Proof of minimum property value ($100,000 USD)
- 📷 Passport-sized photo
- 📝 Application form
The process typically takes 30 calendar days (or 10 days with an expedited fee).
💡 Tips from Expats Who’ve Done It
“I bought a flat in Tbilisi in 2022. The process was smooth, but I strongly suggest using a lawyer to avoid translation issues.” – Mark, 42, UK
“Batumi was my choice for investment. I got residency within a month after registering the property. Definitely worth it!” – Elena, 34, Ukraine
❓ Frequently Asked Questions
Can I rent out the property while holding residency?
Yes, many foreigners rent their apartments either long-term or short-term via Airbnb, and it doesn’t affect residency status.
Is it necessary to live in Georgia full time?
No. You can maintain your residency even if you don’t spend the entire year in Georgia, but you’ll need to renew it annually.
What happens if property value drops below $100,000?
You might lose eligibility for permit renewal. It’s essential to invest in stable areas with good resale potential.
📌 Final Thoughts
Buy property in Georgia is not just an investment—it’s a pathway to living in a country that values freedom, low taxes, and easy living. With the right planning, it can be your ticket to Georgian residency and a better quality of life.
Need help navigating the legal side of property investment in Georgia? Stay tuned for our dedicated legal guide coming soon.