Может ли иностранец купить недвижимость в Грузии? Адвокат отвечает на вопросы

For all questions, please WhatsApp +995599267824 (DO NOT CALL, TEXT, or voicemail). In this video, I asked many short questions about real estate in Georgia. It will be useful for those just starting to learn about the topic. 00:00 General Questions 1. How does a foreigner buy property differently from a Georgian citizen? 2. Can citizens of any country buy property in Georgia? 3. Are there any countries with restrictions? 4. What kind of real estate can foreigners buy and what kind cannot? (e.g., agricultural land) 5. What rights does a foreign owner have? ____________________________________ 01:05 What is needed to purchase? 6. What documents are required? 7. Is a passport sufficient? 8. Do I need a residence permit or am present in the country? 9. Is it possible to buy an apartment remotely? 10. Is it possible to buy an apartment with a power of attorney? 11. Do I need to open a Georgian bank account? 12. Can I pay in cash? 13. Do I need to prove the origin of the funds? ____________________________________ 02:52 Buying from a developer 14. How does the purchase of a new building work? 15. What must be included in the contract? 16. In what language is the contract signed? 17. Do I need to translate the contract? 18. Can I change the terms of the contract? 19. What should I do if the developer misses deadlines? 20. What happens if the developer goes bankrupt? 21. How can I verify the developer's reliability? 22. How can I check the building permit? 23. Can I cancel the purchase after signing the contract? ____________________________________ 06:20 Buying resale property 24. How does the transaction work? 25. What documents must the seller provide? 26. How can I verify the owner? 27. How do I check for other owners? 28. How do I check for debts? 29. How do I check for liens? 30. Is it possible to check the apartment's history? 31. How can I be sure the seller actually has the right to sell the apartment? ____________________________________ 09:57 Apartment Inspection 32. What exactly does a lawyer check? 33. What checks can't a person do on their own? 34. What do buyers most often forget to check? 35. What are the risks of buying on their own? 36. How much do lawyers cost? ____________________________________ 12:40 Money and Settlements 37. How do settlements usually work? 38. Is it true that in Georgia, money is often transferred after the transaction is registered? 39. Why is this scheme considered safe? 40. Are safe deposit boxes or escrow accounts used? 41. Is it possible to pay by wire transfer from another country? 42. What currency are transactions in? 43. Is it legal to pay with cryptocurrency? ____________________________________ 14:45 State Registration 45. How does property registration work? 46. How long does registration take? 47. Is it possible to expedite registration? 48. When does the buyer become the owner? 49. What documents does the new owner receive? ____________________________________ 14:45 Expenses 50. What expenses are incurred besides the cost of the apartment? 51. How much does registration cost? 52. How much do notary services cost? 53. When do you need a translator? 54. When do you need a lawyer? 55. What annual expenses arise after the purchase? ____________________________________ 18:55 After the purchase 56. Do I need to change my personal accounts? 57. How are utility bills re-registered? 58. Do I need to notify the tax office? 59. Do I need to pay property tax? 60. What taxes are incurred when selling an apartment? 61. Do I need to declare rental income? 62. What taxes do foreigners pay? ____________________________________ 19:15 Family and Inheritance 63. If the husband buys an apartment, does the wife automatically become the owner? 64. If spouses divorce, how is the property divided? 65. Can an apartment be registered to multiple owners? 66. Can it be registered to a child? 67. How is an inheritance processed? 68. Do I need to write a will? 69. Will there be problems for foreign heirs? ____________________________________ 20:50 Residence Permit 70. Does purchasing real estate entitle you to a residence permit? 71. What is the minimum value of real estate? 72. Who assesses the value? 73. How long is a residence permit issued for? 74. What happens if the apartment is sold? 75. Can the whole family obtain a residence permit? 10:03 PM The Most Common Mistakes 77. Where do people most often lose money? 78. What documents do people sign without reading them? 79. Which developer promises are not legally binding? 80. When is it absolutely forbidden to transfer money? 81. When is it best to back out of a purchase? Worst-case scenarios 82. What's the most problematic transaction you've ever experienced? 83. What fraudulent schemes are common? 84. Is it possible to buy an apartment with forged documents? 85. What should you do if problems are discovered after the purchase? 86. Is it possible to cancel a registered transaction?