Georgia: buying an apartment as a foreigner, taxes and yield

In short

• A foreigner buys an apartment without restrictions, except agricultural land

  2026 · US State Department, 2026 Investment Climate Statement · estimate

• Tax on residential rent, on the gross amount5%

  as of 24 October 2026 · Revenue Service of Georgia (rs.ge) · verified

• Tax on a sale after 2 years of ownership0%

  as of 24 October 2026 · Andersen Georgia · estimate

• Property tax when household income is up to GEL 100,000 a yearGEL 0

  law of 30 September 2026 · Matsne, Law No. 1874 · verified

Buying as a foreigner

• Apartments, houses and commercial property can be bought outright without a residence permit

  2026 · US State Department, 2026 Investment Climate Statement · estimate

• Only Georgian citizens can buy agricultural land (Constitution)

  since 16 December 2018 · US State Department, 2026 Investment Climate Statement · estimate

• Registration of ownership at the Public Registry, 4 working daysGEL 150

  as of 24 October 2026 · Public Registry (napr.gov.ge) · verified

• Registration of ownership, 1 dayGEL 270

  as of 24 October 2026 · Public Registry (napr.gov.ge) · verified

• Registration of ownership on the day you applyGEL 350

  as of 24 October 2026 · Public Registry (napr.gov.ge) · verified

• There is no purchase tax and no stamp duty

  12 October 2026 · AVI Estates · estimate

• A notary is not required: the contract can be registered at the Public Registry

  as of 24 October 2026 · Matsne, Government Resolution No. 507 · verified

• Notary, deal from GEL 100,001 to GEL 500,000 (Resolution No. 507, Art. 23)GEL 362.5

  plus 0.2% of the amount above GEL 100,000

  as of 24 October 2026 · Matsne, Government Resolution No. 507 · verified

• Cap on the notary feeGEL 10,000

  as of 24 October 2026 · Matsne, Government Resolution No. 507 · verified

• Example: notary for a $100,000 apartmentabout GEL 682

  as of 24 October 2026 · Levelvale (Government Resolution No. 507, NBG rate) · calculationFormula: GEL 362.5 + 0.2% × (price in lari − GEL 100,000); price in lari = $100,000 × 2.5971 (NBG rate on 24 October 2026)

• Agent's fee: not set by law, usually paid by the sellerusually 2% to 3%

  12 October 2026 · AVI Estates · estimate

• Total buyer's costs on the resale marketabout 1.3% of the price

  12 October 2026 · AVI Estates · estimate

Mortgages for foreigners

• TBC «Mortgage for expats», in dollarsfrom 7.40%

  effective rate from 8.30%, term up to 120 months, down payment from 20%

  24 October 2026 · TBC Bank · verified

• Credo, mortgage for expats, in dollarsfrom 8.50%

  effective rate from 10.31% with a 40% down payment

  24 October 2026 · Credo Bank · verified

• Basisbank, mortgage for foreigners: down paymentfrom 30%

  term up to 15 years

  24 October 2026 · Basisbank · verified

• NBG rule (Order No. 131/04): loans in lari only when the amount isup to GEL 1,000,000

  does not apply to borrowers who are not Georgian citizens (Art. 1(3)(b))

  since 1 July 2026 · Matsne, NBG Order No. 131/04 · verified

Residence permit through property

• Short-term residence permit for property (Resolution No. 146)from $150,000

  since 1 March 2026 · Matsne, Resolution No. 146 · verified

• Investment residence permit (Law on the Legal Status of Aliens, Art. 15)from $300,000

  as of 24 October 2026 · Matsne, Law on the Legal Status of Aliens · verified

• On renewal, an owner who has kept the property does not need a new valuation (Law 1803)

  since 1 September 2026 · Matsne, Law No. 1803 · verified

Taxes (not tax advice)

• Residential letting with registration in the Revenue Service landlord register: on the gross amount, no deductions (Tax Code Art. 81(2))5%

  as of 24 October 2026 · Revenue Service of Georgia (rs.ge) · verified

• Without registration: on the profit20%

  as of 24 October 2026 · Revenue Service of Georgia (rs.ge) · verified

• Property tax when last year's household income was no more than GEL 100,000GEL 0

  law of 30 September 2026 · Matsne, Law No. 1874 (Tax Code Art. 202(5), 206(1)(a)) · verified

• When household income is above GEL 100,000: the municipality sets the rate within this range0.8% to 1% of market value a year

  law of 30 September 2026 · Matsne, Law No. 1874 (Tax Code Art. 202(5), 206(1)(a)) · verified

• Example: a GEL 300,000 apartment, household income above GEL 100,000, rate 0.8%GEL 2,400 a year

  law of 30 September 2026 · Levelvale (Law No. 1874) · calculationFormula: GEL 300,000 × 0.8% = GEL 2,400 a year

• Sale after 2 years of ownership0%

  as of 24 October 2026 · Andersen Georgia · estimate

• Sale within 2 years: tax on the gain for an apartment5%

  as of 24 October 2026 · Andersen Georgia · estimate

• Short-term letting with registration5%

  as of 24 October 2026 · Revenue Service of Georgia (rs.ge) · verified

• Fixed tax regime for short-term letting: with a turnover over 12 months ofup to GEL 100,000

  paid quarterly

  as of 24 October 2026 · Revenue Service of Georgia (rs.ge) · verified

• There is no tourist tax; an apartment needs no licence (Law on Tourism)

  version of 28 May 2026 · Matsne, Law on Tourism · verified

• Interest on Georgian government bonds (Tax Code Art. 82(1))0%

  as of 24 October 2026 · Matsne, Tax Code of Georgia · verified

• Deposits, coupons and dividends: withholding (Art. 131(1))5%

  as of 24 October 2026 · Matsne, Tax Code of Georgia · verified

We calculate your own country’s tax in the cabinet

Double tax treaties

• Kazakhstan

  since 5 July 2000 · Ministry of Finance of Georgia · verified

• Ukraine

  since 1 April 1999 · Ministry of Finance of Georgia · verified

• Armenia

  since 3 July 2000 · Ministry of Finance of Georgia · verified

• Belarus

  since 24 November 2015 · Ministry of Finance of Georgia · verified

• Germany

  since 21 December 2007 · Ministry of Finance of Georgia · verified

• Israel and France: treaties in place

  as of 24 October 2026 · Ministry of Finance of Georgia · verified

• Russia and the United States: no treaty

  as of 24 October 2026 · Ministry of Finance of Georgia · verified

We calculate your own country’s tax in the cabinet

Money and risks

• Lari against the dollar over 1 year: strengthened by4.5%

  12 months to 24 October 2026 · National Bank of Georgia · calculationFormula: (lari per dollar a year earlier ÷ lari per dollar on 24 October 2026) − 1, official NBG rates

• Lari against the dollar over 10 years: weakened on average by0.93% a year

  24 October 2016 to 24 October 2026 · National Bank of Georgia · calculationFormula: (2.5971 ÷ 2.3679)^(1/10) − 1

• Official NBG rateGEL 2.3679 per dollar

  24 October 2016 · National Bank of Georgia · verified

• Official NBG rateGEL 2.5971 per dollar

  24 October 2026 · National Bank of Georgia · verified

• Inflation for the year4.0%

  2025 · Geostat · verified

• Average inflation over three years2.09% a year

  2023 to 2025 · Geostat · calculationFormula: ((1 + inflation 2023) × (1 + inflation 2024) × (1 + inflation 2025))^(1/3) − 1, Geostat annual inflation

• NBG refinancing rate8.25%

  21 October 2026 · National Bank of Georgia · verified

One-year deposits

• Halyk, in lari, 12 months, effective rate10.20%

  24 October 2026 · Halyk Bank Georgia · verified

• Pasha, in lari, 12 months, effective rate10.14%

  24 October 2026 · PASHA Bank Georgia · verified

• Halyk, in dollars, 12 months, effective rate4.00%

  24 October 2026 · Halyk Bank Georgia · verified

Current rates are updated in the calculator.

Crises

• Crisis: apartment prices in Tbilisi fell (asking prices)about 42%

  2008 to 2009 · GED Analytics / RBC Realty · estimate

• Price per m² in dollars barely changed: start$910 per m²

  February 2015 · ISET REMLab · verified

• Price per m² in dollars barely changed: six years later$922 per m²

  June 2021 · ISET REMLab · verified

This is the past, not a forecast.