Real estate in Georgia and their legal status

Real estate is capital that always brings profit to the owner if it is used properly. Investing in an apartment is always the right decision, but it is necessary to evaluate all the risks wisely. Some people buy real estate for the purpose of further sale, since most of the time its price increases and leaves the owner in profit, some even acquire the property for commercial purpose.

Investing in real estate is a proven strategy for building capital and a solid future. In recent years, Georgia has seen a high demand for real estate, which is due to various factors, including a favorable geographical, tax and legal environment, a growing tourism sector and infrastructure development. The country’s climate and rich natural resources also play a big role in the growing demand of the real estate industry. Each region of Georgia has its own unique characteristics, be it mountain or sea, which provides many opportunities for real estate business development.

Nona Gaprindashvili, Lawyer of Arkan Property

When purchasing real estate, a large number of citizens are not informed about the existing legal status of it, which becomes a prerequisite for many problems related to the property in the future.

For the modern period, the legislation regarding the registration of real estate has undergone numerous and interesting changes. In any country, regardless of the level of development, issues of origin of ownership are relevant and important, especially in relation to real estate. Modern Georgian legislation connects the origin of ownership of immovable property with registration in the public register and gives it constitutional significance.

It should be noted that before signing the deal, it is recommended that the buyer check the legal status of the real estate, namely:

The data registered in the public register and the documentation kept in the registering body are public and accessible to any person, except for the cases established by the legislation of Georgia.

The information on the legal status of real estate reflects the data on rights, public-legal restrictions, tax liens/mortgages and abandonment of ownership rights on real estate at the time of its preparation.

What does it mean to prepare information about the legal status of real estate?

Preparing information about the legal status of real estate means providing information about the right, public-legal restriction, tax lien/mortgage and abandonment of ownership rights registered by the National Agency of Public Registry to a specific real estate.

When is the need to prepare information on the legal status of real estate?

When concluding transactions (purchase, exchange, lease, mortgage) related to immovable property, the acquirer of the right (buyer, mortgagor) must be informed about the legal status of the said immovable property in order to avoid further complications related to the registration of the origin of the right provided for in the transaction.

For whom is the service of preparation of information on the legal status of real estate intended?

This service is intended for any person who wants to receive information about the legal status of a specific real estate.

Who should I contact to prepare information on the legal status of real estate?

To prepare information about the legal status of real estate, contact the House of Justice or the relevant territorial office.