Georgia has immense potential to perform a substantial regional player function, as it is the key link in the shortest transit route between Western Europe and Central Asia.With unique cultural heritage and exuberant hospitality, Georgia has proved to be a highly desirable location for the real estate sector.

Infrastructural development tendencies, average GDP growth of 4 percent per annum between 2011- 2021, migration factor caused by Russia’s invasion of Ukraine and real estate market growth – Such high demand increases the attractiveness of real estate in Tbilisi, starting from February 2022. It remains to be seen how permanent these increases are.

Research of Tbilisi Real Estate Market

Last year, Overall growth on purchasing real estate in Tbilisi reached +30% in some districts. Rent prices shot up to unprecedented levels from March 2022, with the outbreak of conflict in Ukraine. In some cases, the monthly YoY increase was up to 100%, with demand far outstripping supply.

Irina Kvakhadze  – Vice president of research in TBC Capital explains that after pandemics, demand from classic urban areas has shifted towards green areas with more horizontal development, which outbreaks the value of  Krtsanisi district  (location of Premium class residential complex Tbilisi Hills) as it gains higher profit margins for the investors and potential buyers.

The investment environment in Georgia is attractive for one more reason – Governmental Support.

Capital Market in Georgia

Rati Morchiladze from “Foresight Investment Group” explains the possible outcome of Governmental support for developing the Capital Market in Georgia. Great Legal bases make it possible to set up asset management companies that take investors capital and put it to work in Real Estate.

Such positive capital market development will cultivate further capital inflow to the real estate market and increase demand in upcoming years.

Favorable Legislation

Surprisingly for many foreign investors, there is no Stamp Duty or equivalent tax to pay in Georgia when purchasing Real Estate. A non-citizen can purchase non-agricultural real estate on a freehold basis under the same conditions as any domestic buyer.

Property registration Legal fees for the whole process rarely exceed $1,000 USD. According to the World Bank Group, Georgia is the 3rd least taxed burden country in the world, with a 9.9% total tax rate.

Investors can expect 14%-15% average rental yields for long-term letting in Tbilisi, depending on size, condition, and location of the property.

New, modern, high standard residential units located in the Green Zone command considerably exclusive prices and Tbilisi Hills  is one of them. Our project is the first Golf residential complex  in the  Caucasus  that can be genuinely  described  as  a prime living experience. It offers  guests and residents  unique environmental conditions, such as green space, fresh air, panoramic views and Georgia’s first 18-hole professional golf course (ranked as Top 100 Golf Course in the continental Europe),  already hosting large golf events and golf tourists from all over the world.

Advantages of Investing in Golf Course home

The pandemic has caused people to rethink sports and exercise – the outdoors has taken precedence over enclosed spaces and many have found golf course homes to be a great real estate investment. Slowly gaining its popularity, this unique real estate category is focused on residential properties, mostly villas, townhouses and commercial districts as a support system to the residential properties within a massive golf course.

Golf course properties typically have great resale value, selling at two to three times that of an average home – which is a magnet for investors. Property values also get a nice upward nudge because golf course communities are almost always within range of great restaurants and premium lifestyles.

It doesn’t matter whether you’re a young family looking for a safe and serene environment or a retiree looking for a quiet life, a residential golf property offers you that perfect sanctuary you have in mind.

The exclusivity and prestige attached to a golf property give it an edge over other real estate properties in the market. “Money well spent” best explains what it is to own a residential golf property.

Located on a hill with picturesque views of Tbilisi, Mount Kazbek, Shavnabada Monastery and green forests surrounding the living area “Tbilisi Hills Golf & Residences”  is just a 15-minute  drive on a panoramic road, from the historic center of the Capital City.

Dear future neighbor

When I first visited Georgia, I immediately  fell in love with this country. My Good friend took me to this hill to soak in the beauty of the nearby Monastery and stunning overwhelming views of the city, fresh air, and magnificent natural landscapes. I was deeply inspired here and conceived of a new idea, to swing my dream into a reality and construct a project of my own.

Tbilisi Hills is a harmonious unity of the nature of Georgia and audacious architectural solutions. The amount invested so far is more than 300 mln USD (GDC), which has been devoted to installing the necessary infrastructure for the golf course and construction of communications.

The comprehensive approach of our international team and attention to details allow me to say without any doubts that Tbilisi Hills correspond to the highest European standards; everything has been thought out for harmonious, comfortable and a safe life. This is an excellent project for investment, living and recreation – Oleg Ossinovski, Major investor of Tbilisi Hills  Golf & Residences, Head and Founder of AS Skinest Group- Headquartered in Tallinn, Estonia.

Choosing the best area to invest in, one that will likely see a rise in property prices, will very likely make you a good return in the long run.

Share via