NEXT PROPERTY
Legal Checklist Before Buying Property in Georgia
Buying property in Georgia is relatively straightforward, but buyers should understand the legal structure before signing a purchase agreement.
This guide answers common legal questions buyers ask before purchasing property, especially when the project is under construction.
This guide answers common legal questions buyers ask before purchasing property, especially when the project is under construction.
Key facts
- Escrow is not used in the standard purchase structure.
- The completion of construction is supported by the project’s financing structure, mortgage financing, the developer’s experience and the company’s financial position.
- If the developer becomes bankrupt, the relevant Georgian law applies.
- If construction is delayed, the buyer may request a contractual penalty for each overdue day, depending on the agreement.
- Remote purchase may be possible, but ownership registration may require the buyer to come to Georgia or provide a properly issued power of attorney.
- Buying real estate may support an application for a short-term residence permit or an investment residence permit, but it does not automatically grant residence or citizenship.
Is there an escrow account?
No. An escrow account is not used in the standard purchase structure.
Before signing, the buyer should review the payment schedule, purchase agreement, property documentation and registration procedure. The buyer’s legal protection depends on the signed agreement, the project documentation and the applicable registration process.
Before signing, the buyer should review the payment schedule, purchase agreement, property documentation and registration procedure. The buyer’s legal protection depends on the signed agreement, the project documentation and the applicable registration process.
What supports the completion of construction?
The completion of construction is supported by the project’s financing structure, mortgage financing, the developer’s experience and the company’s financial position.
Before buying, the client should also review the developer’s track record, construction permit, ownership documentation, payment terms and the clauses related to construction timelines and handover.
Before buying, the client should also review the developer’s track record, construction permit, ownership documentation, payment terms and the clauses related to construction timelines and handover.
What happens if the developer becomes bankrupt?
If the developer becomes bankrupt, the applicable Georgian law will apply.
The buyer’s position may depend on the status of the project, the signed agreement, registered rights, payment stage and other legal circumstances. This is why buyers should review the legal structure of the transaction and the relevant documentation before signing.
The buyer’s position may depend on the status of the project, the signed agreement, registered rights, payment stage and other legal circumstances. This is why buyers should review the legal structure of the transaction and the relevant documentation before signing.
What happens if construction is delayed?
If construction is delayed, the buyer may request a contractual penalty from the seller for each overdue day.
If the buyer suffers damage as a result of the delay, the buyer may also request compensation for damages, subject to the purchase agreement and applicable law. The exact rights and remedies should be checked in the signed agreement.
If the buyer suffers damage as a result of the delay, the buyer may also request compensation for damages, subject to the purchase agreement and applicable law. The exact rights and remedies should be checked in the signed agreement.
Can the apartment be resold before construction is completed?
Yes. Resale before construction completion is possible, subject to the relevant conditions.
The buyer should check the agreement terms, whether assignment or resale is allowed, whether the developer’s consent is required and how the transfer of rights should be documented.
The buyer should check the agreement terms, whether assignment or resale is allowed, whether the developer’s consent is required and how the transfer of rights should be documented.
Can a foreign buyer purchase property remotely?
Yes. Remote purchase is possible.
However, for ownership registration, the buyer may need to come to Georgia or provide a properly issued power of attorney. The exact procedure depends on the transaction structure and registration requirements.
However, for ownership registration, the buyer may need to come to Georgia or provide a properly issued power of attorney. The exact procedure depends on the transaction structure and registration requirements.
Does buying property in Georgia give a residence permit or citizenship?
Buying real estate in Georgia may make it possible to apply for a residence permit if the property and the buyer meet the legal requirements.
As of July 2026, a short-term residence permit may apply when a foreign buyer owns immovable property in Georgia, except agricultural land, with a market value exceeding USD 150,000 equivalent in GEL.
An investment residence permit may apply at a higher threshold, including ownership of immovable property in Georgia, except agricultural land, with a market value exceeding USD 300,000 equivalent in GEL.
In both cases, the market value of the property should be confirmed by a certified assessor. Buying property does not automatically grant residence or citizenship, and eligibility should be confirmed before signing a contract.
As of July 2026, a short-term residence permit may apply when a foreign buyer owns immovable property in Georgia, except agricultural land, with a market value exceeding USD 150,000 equivalent in GEL.
An investment residence permit may apply at a higher threshold, including ownership of immovable property in Georgia, except agricultural land, with a market value exceeding USD 300,000 equivalent in GEL.
In both cases, the market value of the property should be confirmed by a certified assessor. Buying property does not automatically grant residence or citizenship, and eligibility should be confirmed before signing a contract.
Which documents can the buyer check before purchase?
Before buying, the client can check key documents related to the seller, the property and the project.
These include an extract from the National Agency of Public Registry confirming the seller’s ownership right and the legal status of the property, an extract from the Entrepreneurial Registry showing the seller company’s director, founders and legal status, and the construction permit.
The buyer should also review the purchase agreement, payment schedule, handover terms, delay clauses and any registered obligations, mortgages or restrictions, if applicable.
These include an extract from the National Agency of Public Registry confirming the seller’s ownership right and the legal status of the property, an extract from the Entrepreneurial Registry showing the seller company’s director, founders and legal status, and the construction permit.
The buyer should also review the purchase agreement, payment schedule, handover terms, delay clauses and any registered obligations, mortgages or restrictions, if applicable.
Documents to Check Before Purchase
Before signing a purchase agreement, buyers should request and review the key documents related to the transaction.
These may include:
- Extract from the National Agency of Public Registry
- Seller’s ownership documentation
- Legal status of the property
- Extract from the Entrepreneurial Registry
- Information about the seller company’s director and founders
- Construction permit
- Purchase agreement
- Payment schedule
- Handover terms
- Delay and penalty clauses
- Registered obligations, mortgages or restrictions, if applicable
Talk to an Advisor Before Signing
Before signing a purchase agreement, speak with a NEXT Property advisor and request the documents needed to understand the legal structure, payment terms, registration process and buyer protections.
Last updated: July 2026.
This guide is for informational purposes only and should not be considered legal advice. Legal, tax, investment and residence permit requirements should be confirmed before signing a contract.
This guide is for informational purposes only and should not be considered legal advice. Legal, tax, investment and residence permit requirements should be confirmed before signing a contract.
Superior properties, superior prospects in Georgia, UAE, Spain and Africa