Is Georgia a good country to invest in real estate?

Yes. Georgia's residential market reached a transaction volume of approximately USD 4.3 billion in 2025, with new-build prices in Tbilisi rising approximately 11.5% year-on-year in early 2025. The country applies no stamp duty on property purchases, no capital gains tax on residential holdings held longer than two years and no inheritance tax.

Can foreigners buy property in Georgia?

Yes. Foreign nationals can purchase and fully own non-agricultural real estate in Georgia, including apartments, houses, commercial units and land. There is no requirement for a local partner, no residency prerequisite for purchase and no additional tax burden based on foreign status. Ownership is registered under the buyer's name through Georgia's digital land registry, typically within one to two business days.

What rental yields can investors expect from Georgian property?

Gross rental yields in Tbilisi averaged approximately 7.4% to 8.6% in 2025, depending on unit size, location and management approach. Compact apartments in high-demand districts such as Saburtalo, Isani and Didi Digomi consistently perform at the upper end of this range. Short-term rental strategies in central tourist areas can generate higher gross returns but carry seasonal variability. Mira Developments' Mira Verde in Tbilisi Hills offers fully furnished, branded apartments managed within a professional community framework, supporting consistent rental positioning.

What taxes and fees apply when buying property in Georgia?

Georgia's property acquisition costs are among the lowest in the region. There is no stamp duty, no transfer tax and no VAT on residential purchases. Annual property tax does not exceed 1% of appraised value and in many cases is significantly lower or exempt entirely, depending on household income and municipality. Registered landlords pay a flat 5% tax on gross residential rental income. Capital gains on residential property sold after two years of ownership are fully exempt from tax.

Does buying property in Georgia qualify for residency?

Yes. Foreign nationals who own non-agricultural real estate valued at USD 150,000 or above qualify for a renewable one-year temporary residence permit. The permit covers the property owner, spouse and minor children. A USD 300,000 investment qualifies for a five-year renewable residence permit with the possibility of converting to indefinite-stay status. Multiple properties can be combined to meet the threshold, and eligibility is determined by certified market valuation.

Is Tbilisi Hills a suitable location for families?

Tbilisi Hills occupies an elevated, low-density setting surrounded by forested ridgelines and natural green space, while remaining within a ten-minute drive of central Tbilisi. The Mira Verde community within Tbilisi Hills includes a planned European school, kindergarten, medical centre, wellness facilities and landscaped outdoor areas. The area's proximity to Tbilisi National Park, Lisi Lake and Shavnabada Monastery provides regular access to outdoor recreation. The combination of community-level services, green surroundings and controlled residential density supports a family-oriented living environment.

What is the difference between branded and non-branded properties in Georgia?

Branded residences are developed in partnership with established international design or lifestyle houses and are delivered with specified interior standards, materials and furnishings. In Georgia's market, where branded residential supply is extremely limited, this positioning provides measurable advantages in rental pricing, occupancy rates and resale liquidity. Non-branded properties may offer lower acquisition costs but typically require additional investment in furnishing and lack the operational infrastructure and professional management frameworks that branded communities provide. Mira Verde by Mira Developments offers branded residences from recognised international houses, professional management and five-star community services as standard.

Properties for Sale in Georgia

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Locations

Tbilisi, Georgia

Trussardi Residences, Mira Verde

Set within the Mira Verde community, Trussardi Residences brings the refined Milanese design philosophy to Georgia for the first time, surrounded by the green landscapes of Tbilisi Hills.

About Georgia

Georgia occupies a strategic position at the crossroads of Europe and Asia, bordered by the Caucasus Mountains to the north and the Black Sea to the west. The country operates a market-oriented economy with a flat 20% personal income tax, no stamp duty on property transactions and no capital gains tax on residential sales held longer than two years. Foreign nationals can freely purchase and own non-agricultural real estate under the same conditions as Georgian citizens. Tbilisi, the capital, concentrates approximately 72% of the national residential market and is connected to over 25 countries through more than 45 international airlines.

Georgia's real estate market has grown consistently over the past five years, with total residential transaction volume reaching approximately USD 4.3 billion in 2025. The combination of affordable entry costs relative to European benchmarks, strong rental demand from a growing expatriate and digital nomad population and a streamlined property registration process positions Georgia as one of the more accessible investment destinations in the broader European and Central Asian region.

Consistent Price Appreciation

New-build residential prices in Tbilisi rose approximately 11,5% year-on-year in the first quarter of 2025.

Competitive Rental Yields

Gross rental yields in Tbilisi averaged approximately 7,4% to 7,8% in 2025, depending on unit size and district.

Residency Through Investment

Foreign nationals who purchase property valued at USD 150,000 or above qualify for a renewable one-year residence permit.

Minimal Transaction Costs

Georgia applies no stamp duty, no inheritance tax and no capital gains tax on residential property held for more than two years.

Types of Properties Available in Georgia

The Georgian residential market offers a range of property formats across its two primary cities, Tbilisi and Batumi. In Tbilisi, mid-sized apartments represent the most actively traded segment. Studios and one-bedroom units are particularly sought after by investors targeting short-term rental income, while two- and three-bedroom apartments attract end-users and long-term tenants. Detached houses and villas are available primarily in suburban and elevated districts, including the Tbilisi Hills area, where newer developments offer larger plot sizes and panoramic views over the city.

Branded and fully furnished residences represent a newer but rapidly expanding segment. The supply of branded residential stock in Georgia remains limited, which creates a distinct positioning advantage for projects delivered with international design partnerships and turnkey interiors. Off-plan purchases dominate the new-build market, with a substantial majority of apartments in recently completed projects sold prior to handover.

Types of Properties Available in Georgia

Infrastructure and Lifestyle in Georgia

Tbilisi combines the infrastructure of a modern capital with the accessibility and cost structure of an emerging market. The city's metro system, bus network and cable car connections provide public transit coverage across major districts, while ongoing road and bridge upgrades are improving connectivity between central and suburban areas. Tbilisi International Airport, located approximately 17 kilometres from the city centre, serves over 45 airlines and provides direct links to Dubai, Istanbul, major EU hubs and CIS capitals. Batumi International Airport on the Black Sea coast supports seasonal and year-round flights, reinforcing the tourism and hospitality infrastructure in the western part of the country.

Education and healthcare provision in Georgia includes a growing number of international schools operating European and IB-accredited curricula, alongside a network of private medical centres and clinics in Tbilisi's central and suburban districts. Cultural infrastructure is concentrated around the Old Town, which houses the Narikala Fortress, sulphur bath district, the Georgian National Museum, theatres and galleries. Green space and outdoor recreation are accessible through Tbilisi National Park, Lisi Lake, Mtatsminda Park and the forested ridgelines surrounding the Tbilisi Hills area.

Branded Residences

Studios and apartments developed in collaboration with recognised international brands, offering stronger market positioning, consistent design standards and improved resale liquidity.

Fully Furnished

Move-in-ready residences with complete furniture packages and premium household appliances, eliminating additional setup costs and enabling immediate leasing or occupation.

Prime Tbilisi Hills Setting

Mira Verde is a master-planned community positioned on one of the city’s highest residential elevations, combining panoramic views, natural green surroundings and direct access to central Tbilisi.

Premium Services

A centrally managed community offering an 18-hole golf course, European school, wellness centre, hospitality venues and professional property management support.

About Mira Developments

Mira Developments is a fast-growing company offering premium properties across the Middle East and Europe. Our portfolio includes projects in the UAE, Oman, Switzerland and Georgia, and continues to expand every year. We focus on fully branded and fully serviced residential and hospitality developments.

By partnering with iconic global brands, we are shaping a new vision of luxury living worldwide and creating strong opportunities for long-term capital growth for our investors.

Сlean Lines and Extreme Curves

Bentley Home highlights its origins and aesthetic principles through a new creative perspective. The Bentley Home collection offers an interpretation that draws from the core of the British automotive brand to continue its extraordinary journey—discovering the authenticity of material and form.

Spectacular Elegance

The ELIE SAAB Maison collection touches every corner of your home and perfectly blends the essential elements of the ELIE SAAB Brand signature, design research, and the artisan excellence of Made in Italy.

A Cosmopolitan Vision

Trussardi Casa reinterprets the essence of the brand through the concept of quiet elegance, an expression that captures and reinforces their vision of a discreet and refined luxury, marked by products made with care and passion.

A New Dimension of Home

Gianfranco Ferré Home collection converges contemporary minimalism and the rich creative heritage of Gianfranco Ferré. The line captures the essence of metropolitan living, offering furniture to shape dynamic and fluid living spaces.

Audacious Creativity

Jacob & Co. Haute Living Collection reflects a vision of luxury that transcends boundaries. Each piece is conceived as a sculptural statement, combining precious materials, innovative design, and meticulous attention to detail.

Dreams Become Reality

ETRO home collection rethinking the House’s heritage and the art of savoir-faire, making the dream real, tangible, livable. It shapes new worlds and new ways of living with expressive colors and immersive fabrics, quality, and functionality.

A Stronghold of Quality Craftsmanship

Having conceived some of the icons of luxury furnishings, ONIRO Group has shown the world what Italy is capable of in terms of artistry, expression, innovation, and the balance between elegance, quality, and outstanding creativity.

Leader in the Luxury Lifestyle Sector

For over 30 years, Luxury Living Group has designed, produced, and distributed Italian-made high-end furniture for some of the most important luxury brands, a success story marked by craftsmanship, experimentation, and fine materials.

Discovery Gardens, Al Furjan, Dubai, UAE

Richmond District

Fully furnished residences translating the vision of iconic British designer into architecture.

Al Marjan Island, Ras Al Khaimah, UAE

Gianfranco Ferré Residences

Step into a new standard of coastal living with stylish studios, 1 — 2 bedroom apartments and spacious 2–4 bedroom duplexes — all featuring fully furnished interiors, five-star hotel-level services and sweeping views of the Arabian Gulf.

Tbilisi, Georgia

Trussardi Residences, Mira Verde

Set within the Mira Verde community, Trussardi Residences brings the refined Milanese design philosophy to Georgia for the first time, surrounded by the green landscapes of Tbilisi Hills.

Discovery Gardens, Al Furjan, Dubai, UAE

Trussardi Residences Phase II

Following overwhelming demand for Phase I, these two towers present an even more refined and upgraded offering, infused with the same Milanese spirit.