Why Invest in Tbilisi Georgia
For a long time, many people have wanted a scoured and best international real estate investment opportunity and we found it in Tbilisi, Georgia. Currently, Georgia is a fast-growing country in the real estate sector. Mostly Tbilisi’s real estate market has consistently proven itself as a reliable investment for more than 300 of our investor clients, all the while retaining its exceptional potential for further growth.
And here’s why …
Affordable property
The property prices in Tbilisi are among the lowest of any capital city in the world, with apartment prices starting from $35,000 pre-construction. For anyone looking to purchase international property elsewhere and finding prices outside their reach, Tbilisi is the perfect destination for all.
Tourist Hot Spot
As per the Georgian National Tourism Department, Tbilisi, Georgia expected to welcome over 6 million tourists in 2023. This is an increment of 20% from the number of tourists who visited the city in 2022. Currently, the majority of visitors to the city are coming from the Middle East, Turkey, Ukraine, Russia, India, and the states of Central Asia. However, the number of tourists from Western Europe is increasing. In 2023, the number of direct flights from Western Europe and Asia to Tbilisi is expected to increase by 20%. This is likely to lead to a further increase in the number of European and all major country tourists visiting the city.
High Occupancy Rates
Georgia is a very high-demand tourist destination. Many country’s tourists visit Georgia every year. As per the govt. record rentals in Tbilisi in 2023 is 74%. This is higher than the average occupancy rating in other European cities, such as London (66%) and Paris (63%). The occupancy rate for rentals in Tbilisi is expected to remain high in the coming years, as the city continues to attract tourists. Huge tourists also come from the neighbor’s countries
Lack of Competition
At this time apartments are in high demand in Tbilisi due to tourists and also Georgia become an international education destination. And mostly apartments currently for rent in Tbilisi – both for long-term and short-term holiday rentals – most of the apartments have been finished and furnished to Georgian tastes. There is a major lack of accommodation in the city which is designed to appeal to the discerning and high-spending international market. It means that Georgia is the best opportunity for investors to buy properties that can be rented out to tourists or expats.
Excellent Rental income
If anybody invests in Tbilisi Georgia can get excellent returns. Add in the affordable buying prices for property in Tbilisi and you’re looking at some exceptionally high rental yields. For the right property in the right place marketed in the right way, you can be looking at Gross Rental Yields of up to 15%.
If the investor invests in Tbilisi, get key of the property by hand from our company. In the whole of Georgia, there is no company who hand over the position of the property at the time of payment.
If an investor wants to give the property on rent, our company takes it immediately on rent because we have many clients who want apartments on rent. It is a high demand for rented property in Tbilisi for tourists and international students. We pay the owner rent every month. The main point is that your property went on rent from the first day.
Profitable decision and capital gain
Investment gains potential for real estate in Tbilisi is also very good. The city is undergoing very fast development and the property market is expected to continue to grow in the coming years. The property is in high demand in Tbilisi. Many developers are working in Tbilisi and making Villas, apartments, indusial houses an multistory buildings, known Georgia is a very peaceful country and every year it’s in high demand for tourism and investment so investing in property is a very profitable decision.
Difficulties of Foreign Buyers
Some countries make it difficult for foreigners to buy property but not Georgia. Buyers are easily able to buy a property here on a full freehold basis under exactly the same terms as domestic Georgian buyers. The property registration system is incredibly fair, quick, and straight-forwarded. A property can be registered in your name within the hours.
No Property Taxes in Georgia
The cost of registering a property in Georgia is only 60-130$ depending upon how quickly you want it processed. There is no Stamp Duty or the equivalent to pay, avoiding the hidden costs of property ownership common in most other countries. So investors will always be in profit.
Georgia visa policy
Wherever in the world you’re from, you’re unlikely to have much trouble getting into Georgia as the country has one of the world’s most easy visa laws. And once you’re here, for most passport holders, investors can stay here as long as they like – up to one year in many cases.
Permanent Residence Possibility
Looking for a beautiful and permanent second home? Then Tbilisi, Georgia is an ideal choice for anyone. The cost of living here is the lowest then Europe and the climate and local hospitality are two more major reasons why you should consider moving to Georgia. Anyone investing more than $ 100,000 in real estate has the opportunity of receiving Permanent Residence in Georgia – receiving all of the same benefits as a Georgian citizen.
To take advantage of the unique opportunities the Tbilisi real estate market has to offer, contact us today so that we can help you to find the perfect property that meets all your buying requirements.