Georgia has become a highly attractive destination for British investors, retirees, and expatriates looking for affordable real estate, strong rental yields, and low taxes. Whether you’re considering a holiday home, investment property, or relocation, this guide will walk you through everything you need to know about buying real estate in Georgia as a British citizen.
If you need professional legal or financial assistance with your property purchase, schedule a consultation here.
Why Georgia Appeals to British Property Buyers
Georgia’s real estate market has seen rapid growth in recent years, making it an excellent opportunity for foreign investors. Some of the key benefits include:
- Affordable Prices – Georgian property prices are significantly lower than in the UK.
- No Restrictions on Foreign Ownership – British citizens can buy apartments, commercial spaces, and residential properties without restrictions.
- Visa-Free Stay for One Year – Property ownership makes it easier to live long-term in Georgia.
- No Property Purchase Tax – Buyers only pay registration fees, unlike many European countries that impose high purchase taxes.
- High Rental Yields – Short-term and long-term rentals in Tbilisi, Batumi, and Gudauri offer strong returns on investment.
- No Capital Gains Tax on Property Held for 2+ Years – A major advantage for real estate investors.
Whether you’re looking for a profitable investment or a place to live, Georgia offers strong real estate opportunities for British buyers.
Can British Citizens Buy Property in Georgia?
Yes, British citizens can buy real estate in Georgia without any restrictions. Foreign nationals can purchase:
- Apartments
- Residential homes
- Commercial spaces (offices, retail shops, hotels)
However, foreigners cannot directly own agricultural land, though there are legal workarounds for investment purposes.
If you need legal assistance with purchasing property, contact us here.
Step-by-Step Guide to Buying Property in Georgia
Research the Real Estate Market
Some of the best locations for British buyers include:
- Tbilisi – The capital city, offering an urban lifestyle, business opportunities, and strong rental demand.
- Batumi – A seaside resort city, ideal for short-term holiday rentals.
- Gudauri & Bakuriani – Popular ski resort destinations with strong investment potential.
- Kakheti – The heart of Georgia’s wine region, perfect for countryside retreats.
Work with a Trusted Real Estate Agent
A reputable local agent ensures that you:
- Get a fair price without inflated rates for foreigners.
- Verify property ownership and legal status.
- Handle negotiations and contracts professionally.
Conduct Legal Due Diligence
Before purchasing a property, ensure:
- The seller has clear legal ownership (confirmed via the Public Registry extract).
- There are no outstanding debts, liens, or disputes on the property.
- The building has all the necessary construction permits.
Sign a Preliminary Sales Agreement
Once you select a property, sign a preliminary agreement that outlines:
- Purchase price
- Payment schedule
- Property details and legal description
Register the Property in Your Name
Property registration is done via the National Agency of Public Registry and usually takes 1-4 business days.
- Standard Registration (4 business days) – 50 GEL (~£15)
- Expedited Registration (1 business day) – 200 GEL (~£50)
Make the Final Payment
Payments are typically made via:
- International bank transfer
- Local Georgian bank accounts (recommended for smoother transactions)
Most sellers accept GBP, EUR, or USD, but transactions are officially converted into Georgian Lari (GEL).
Legal and Financial Considerations for British Buyers
Taxes on Property in Georgia
- No property purchase tax
- Annual property tax is 0.1% – 1% of the property’s market value
- Rental Income Tax – 5% flat tax on rental income
- No capital gains tax if the property is held for over two years
Mortgage and Financing Options for British Buyers
While local Georgian banks offer mortgages, interest rates are often higher than in the UK. Most British buyers pay in cash or finance through UK lenders.
Managing Your Property in Georgia
For British nationals investing in rental properties, a property management company can handle:
- Tenant screening and rental agreements
- Maintenance and property upkeep
- Short-term holiday rental services (Airbnb, Booking.com)
If you need assistance with rental property management, get in touch.
How Nomos Georgia Can Help
At Nomos Georgia, we provide legal, financial, and investment assistance for British citizens purchasing property in Georgia. Our services include:
- Legal due diligence and contract review
- Property purchase registration and compliance
- Tax structuring for real estate investors
Schedule a consultation to ensure a safe and profitable property investment in Georgia.
Final Thoughts
Buying property in Georgia as a British citizen is straightforward, tax-efficient, and offers high investment potential. Whether you are looking for a holiday home, rental income, or long-term relocation, Georgia provides affordable real estate and strong market growth.
By following the right legal steps and working with trusted professionals, you can secure a successful investment in Georgia.
Contact us today for expert guidance on your real estate purchase.
