Skip to content
20+ Answers
FAQ & KNOWLEDGE BASE

Frequently Asked Questions

Everything you need to know about buying, selling, leasing, legal registration, and bank financing in Georgia.

Buying Property

1. Can foreign citizens purchase real estate in Georgia?

Yes. Under Georgian law, foreign citizens have the full legal right to purchase and hold freehold title to any residential (apartments, villas, townhouses) or commercial real estate with zero foreign ownership restrictions. The only statutory restriction applies to agricultural land, which foreign buyers can acquire once rezoned to non-agricultural status.

2. What are the closing costs and registration fees for purchasing property in Georgia?

Georgia features one of the most cost-efficient property transfer systems globally with 0% stamp duty and 0% property purchase tax. Buyers only pay the official National Public Registry registration fee: standard 4-business-day registration costs ~150 GEL (~$55), while same-day expedited registration costs ~350 GEL (~$130).

3. What documents are required to buy real estate in Georgia?

For individual buyers, the only mandatory document is a valid international passport or national ID card. RE/MAX Realty Park's legal department drafts the comprehensive bilingual purchase and sale agreement (Georgian and English) and coordinates the entire registration workflow.

4. Can I purchase property remotely using a Power of Attorney (PoA)?

Yes, real estate purchases and Registry title recordings can be executed 100% remotely. You can issue a notarized and apostilled Power of Attorney (PoA) to a RE/MAX Realty Park legal representative or your trusted proxy, enabling end-to-end execution without traveling to Georgia.

Selling Property

1. What is the brokerage commission rate at RE/MAX Realty Park for property sales?

RE/MAX Realty Park operates on the proven international standard 3% brokerage commission fee paid exclusively by the property seller upon successful transaction closing. Buyer consultation, property search, and viewing services are 100% free of charge.

2. What is the average timeline to sell a property through RE/MAX?

Accurately priced properties marketed through RE/MAX's multi-channel digital strategy, professional listing presentation, and global MLS syndication across 110+ countries close on average within 15 to 45 days.

3. What advantages does an exclusive representation agreement with RE/MAX provide?

An exclusive listing agreement pairs you with a dedicated senior broker who executes prioritized marketing spend, leads buyer negotiations to protect your asset value, screens unqualified buyers, and provides weekly analytics reports.

4. How does RE/MAX Realty Park determine the accurate market valuation (CMA) of a property?

Our certified brokers perform a Comparative Market Analysis (CMA) evaluating confirmed National Public Registry sale records over the past 90 days, competing active inventory, and hyper-local neighborhood price dynamics.

Renting & Leasing

1. What are the standard terms for renting residential or commercial properties?

Standard residential leases are executed for 6 to 12 months minimum. Upon lease signing, tenants typically pay first month rent plus last month or security deposit. Commercial leases are commonly structured on 3 to 10 year terms with indexation clauses.

2. Does the tenant pay a brokerage commission fee?

No. When renting a residential or commercial property through RE/MAX Realty Park, tenant advisory and selection services are 100% free of charge. Brokerage fees are settled by the property landlord.

3. How does RE/MAX screen and vet potential tenants?

We conduct thorough tenant background checks: verifying employment status, income verification, financial solvency, and reference checks to protect landlords from non-payment and property damage risks.

4. Do you offer full property management services for absentee/overseas property owners?

Yes. RE/MAX Realty Park delivers complete turnkey asset management: tenant placement, monthly rent collection, utility payment reconciliation, regular maintenance inspections, and cross-border bank disbursements to overseas owners.

Mortgages & Financing

1. Can non-resident foreign nationals secure a mortgage loan from Georgian banks?

Yes. Tier-1 Georgian commercial banks (TBC Bank, Bank of Georgia) provide mortgage financing to foreign non-residents for purchasing completed apartments and primary developer projects based on verifiable international income.

2. What is the standard down payment and interest rate structure for mortgages?

For Georgian residents, minimum down payment starts at 15-20%, while foreign non-residents typically contribute 30-40% equity. Foreign currency mortgage rates (USD/EUR) range from 7.5% to 10% per annum, while GEL-denominated rates range from 11% to 13.5%.

3. In which currencies are mortgages available (GEL, USD, EUR)?

Mortgages can be denominated in Georgian Lari (GEL), US Dollars (USD), or Euros (EUR). Banks align the loan currency with the borrower's primary income stream to hedge against foreign exchange volatility.

4. Does RE/MAX Realty Park assist clients with banking partnerships and mortgage pre-approval?

Yes. RE/MAX Realty Park maintains established partnerships with major Georgian banking groups. Our mortgage specialists assist clients free of charge with loan application documentation, bank appraisal coordination, and fast-track approval.

Additional Inquiries

Have a Specific Question?

Contact our senior legal advisors and licensed brokers for confidential consultation.