Property Purchase in Georgia for Foreign Buyers
Whether you are purchasing an apartment for personal use, a holiday property, a second home or an investment property, C100P Limited can accompany you throughout the transaction.
Purchasing property abroad involves more than selecting an apartment and transferring the purchase price. Before completing a transaction, it is important to understand:
- Who legally owns the property
- Whether any mortgages, seizures or other restrictions are registered
- Whether the seller or developer has the authority to complete the transaction
- What exactly is being purchased, and when ownership will be transferred
- How and when payments should be made
- What happens if construction is delayed
- Whether the purchase agreement adequately protects the buyer
- How ownership will be registered after completion
We assist foreign buyers with these issues and coordinate the legal and practical aspects of purchasing real estate in Georgia.
Tbilisi
Georgia's capital is the country's main business, administrative and residential centre. We assist clients purchasing:
- Apartments in new developments
- Completed residential apartments
- Secondary-market properties
- Premium residential property
- Apartments intended for long-term rental
- Property for personal or family use
Tbilisi may be particularly suitable for buyers looking for a property connected with everyday city life, business, longer stays in Georgia or long-term residential use. Our assistance can include reviewing the developer or seller, checking the property's registration status, reviewing the purchase agreement, coordinating payments and completing the ownership-registration process.
Batumi
Batumi is Georgia's principal Black Sea destination and one of the country's most active markets for internationally marketed residential property. We assist clients purchasing:
- Seafront apartments
- Apartments in new developments
- Hotel-style apartment projects
- Holiday properties
- Completed residential apartments
- Properties intended for personal use and seasonal rental
We can review the purchase structure, developer documentation, construction status, payment schedule, management arrangements and registration position before the client proceeds.
What We Do
C100P Limited provides assistance throughout the property-purchase process.
Property & Seller Verification
Before signing, we assist with reviewing:
- Registered ownership and Public Registry information
- Mortgages and registered encumbrances
- Restrictions affecting the property
- Seller and developer information
- Existing registration documents
- Property identification and cadastral information
Purchase Agreement Review
We review the proposed purchase agreement before you sign it. For properties purchased from developers, particular attention is given to the property description, apartment size, purchase price, payment schedule, construction deadlines, completion conditions, handover procedure, developer obligations, penalties and liability, cancellation provisions, registration of ownership and management or rental obligations where applicable.
Our objective is to identify material legal or practical issues before funds are transferred.
Negotiation & Communication
Where necessary, we communicate directly with developers, property owners, real estate agents, lawyers, banks, translators, notaries and Georgian public authorities. This is particularly useful for clients purchasing property remotely or who do not speak Georgian.
Bank Account & Payment Support
Property purchase and banking are often closely connected. For clients purchasing property in Georgia, we can also assist with opening a Georgian personal bank account, including applications with major Georgian banks. For property buyers, supporting documents may also include a reservation agreement, preliminary purchase agreement, developer documentation or other evidence demonstrating the planned real-estate transaction.
A Georgian account can be useful for:
- Paying the developer or seller
- Converting funds into Georgian Lari
- Making instalment payments
- Paying utilities and building-management charges
- Renovation and furnishing expenses
- Everyday expenses while in Georgia
- Managing the property after completion and receiving rental payments
Learn more → Opening a Bank Account in Georgia
Buying Property Remotely
You do not necessarily need to manage every stage of the transaction personally in Georgia. Depending on the transaction and the documents involved, certain procedures may be handled through an authorised representative. C100P Limited can assist with preparing the documentation required for representation, including coordination of:
- Powers of Attorney
- Notarisation
- Apostille
- Certified translations and Georgian translations
- Supporting documents from Israel or Europe
This can be particularly useful where a client selects a property during a short visit to Georgia but wishes to complete subsequent legal or administrative steps remotely.
The Purchase Process
- Tell us what you are buying. Send us information about the property, developer or seller. If you have already received a reservation agreement, preliminary agreement or purchase agreement, send it to us for review.
- Preliminary review. We review the basic structure of the transaction and identify the documents and checks that should be completed before proceeding.
- Due diligence. Where appropriate, we review available property, seller and registration information and identify relevant legal risks.
- Contract review. We review the proposed agreement and explain important provisions, obligations and potential issues. Where necessary, amendments can be proposed or discussed with the other party.
- Banking & payment. If required, we assist with a Georgian bank account, KYC documentation, source-of-funds issues and practical payment arrangements.
- Signing & completion. We assist with coordinating the signing and completion process.
- Registration of ownership. Following completion, we assist with the process of registering the purchaser's ownership with the relevant Georgian Public Registry.