Buying Property in Georgia: What 70k Gets You! 

How many years in Georgia?

@@AndrewBrownInvesting Since April 2018... but not continuiously as i went back and forth to France several times . Coronavirus hysteria or not i'm now staying in Georgia 😀

That's great!!! Hopefully I can get back there for the snow soon

thanks, hopefully it warns of some of the pitfalls of property in this part of the world

Not fun being on lock down, Summer might be not as fun as I hoped...

Glad it helped 🙂

Very fair point, appreciate the feedback. I made this video a while ago and would agree with you now 🙂

You should buy another place!! like your neighbour and make an epic loft

Thanks for the feedback, glad you liked it

Thanks, glad you found it helpful

I don't think its the same level :)

Haha it is coming. Saturday i will go through the whole renovation and Room Reveal!

@@AndrewBrownInvesting hello, how i can contact you?

@@henrikvoigt6175 Hi, send me an email. download my intrinsic value calculator and reply to that email. :)

@@AndrewBrownInvesting i dont want to download anything, maybe you just write your email here

@@henrikvoigt6175 sorry, RU-vid won't let me do that. It's considered spam

Nice, it's a fun thing to do. I love my place there. Happy hunting. (I would look in Tbilisi... specifically, Vake, Vera, or even over the otherside near Fabrika. You will understand when you are in Tbilisi) :)

Thanks, I appreciate your advice. definitely i will look around that area🙏👍

Glad you enjoyed it

Not a problem. I'll make sure to show a little in the next video

Thanks a lot

I didn't say it was cheap for Georgia. It is in the ski resort. So it's expensive compared to Tbilisi you are right. Batumi I think is a bad idea, oversupply of apartments. That will be hard to appreciate in value over time. What do you think about batumi?

@@AndrewBrownInvesting Oh they bought it For themselves to have fun.

Thanks, appreciate it.

No problem 👍😊

Glad it was helpful!

Thats awesome, how often do you get there?

hahaha

Good idea for a video. I did it 4 years ago... rules have changes a bit, but I could make this :) Join us!!

The price went up from 35,000 to 100,000 to purchase property. That's the easiest way to become a permeant resident.

Go to Georgia on a visit and contact any cheap Lawyer. Register a business license in a day. Don't waste 100k. Just pay minimum taxes and in a month you can apply for an ID. Buy a car and with that ID you can take your car to neighbouring Countries like Armenia, Turkey, Ukraine and even Russia.

About $1000-$1500 a year. I think it's expensive.

I have a technical question! Since foreigners are not allowed to own land in Georgia, when purchasing a residential property such as an apartment in an apartment building, do you then not also own a part of the land on which the apartment building exists?!

Redco. They are terrible, but luckily I had a great builder helping me check the apartment

@@AndrewBrownInvesting Thank you. We have been looking at a few areas in Georgia for an investment property.

Myhome.ge is the website to use

Glad you liked it

Very interesting, good comment thanks. I am sure Belarus has a very unique process, just like Georgia, Ukraine, Russia etc.

Hi, I first became a resident. Then I opened a TBC bank account. Then wired my money with transferwise into the bank account. How long have you been in Tbilisi?

@@AndrewBrownInvesting I was living half in france half in Georgia for a year but decided to move here definitely after this quarantine. I was thinking about transferwise but though it was for small amount ! Thanks for sharing your experience

@@elvirekh7765 transferwise is good for any amount of money. It's great that you chose Tbilisi. I can't wait to eat at Stamba again

Hi Elvire . French resident in Batumi here ! But often doing short trips to Tbilisi . Let's get in touch. ✌️

Wrong georgia I'm in Georgia the country

@@AndrewBrownInvesting Well you learn something everyday! Now I know where Georgia the country is. It looks beautiful. Maybe I will get there someday.

Definitely a hidden gem. I hope your business is going well 😊

Hi, I did spend 6 months there in 2020, but it's a bit tough to get back there right now. I'm in Kiev. It really is primitive. Not a resort like austria or anything like that. But it is fun and affordable. one if the best places to snowboard 🏂 in fresh snow, no trees so it's a big open park

@@AndrewBrownInvesting Okay cool. Did you become a citizen i Georgia?

@@simondethlefsen4340 Think twice :) . It might look attractive to be reacher then 99% of country population and everything is so cheap but it might also not to make you happy. Life in eastern europe is too far to compare with life in Denmark

Hi, yeah sure send me a message in my discord group. I'll write to you there. Happy to help. Link in description to the discord group

Thanks for the comment. Yes I definitely think prices will be affected. Maybe less on waterfront places. But the trick will be trying to find a desperate seller. Someone will need money, and be desperate to sell, and this way you can get distressed prices

That is a long time away. I wouldn't do anything until September 2022

@@AndrewBrownInvesting that fine sir is there an other way to get a hold of you sir

@@AndrewBrownInvesting that fine sir is there an other way to get a hold of you sir

Hi, what do you need to know? Are you familiar with Tbilisi and the areas? do you need someone to help you on the ground there?

Let's go shopping ! I still want to go looking at apartments with you in Tbilisi!!!

@@AndrewBrownInvesting you never buy Propriety there is only I trick to find buyers why you people are so dodgie

myhome .ge isn't bad. But it isn't ideal either. Real estate market is fragmented.

Thats insane. don't do it! Far better places to invest your money!!! no need to go into that much debt

@@AndrewBrownInvesting funny thing is though mortgage repayments are cheaper than rent and interest rates are so low. So it's a no brainer really

@@joelturner9285 interest rates are very low. Since you have to live in London for work, I see your point. 😀

Honestly, I don't know the laws, but you just need the zoning to be ok and anyone from anywhere can buy. Foreigners can buy anything as it's not agricultural land. Just need a lawyer to confirm the zoning before you buy.

@@AndrewBrownInvesting thanks for the reply. Do you have any idea what usually defines the zoning laws. Ie is it over a certain acreage it is defined as agricultural or is it if the land is arable or not. We would be looking at properties with a little land but not a whole lot

@@ScottAndJen The whole country has already been zoned. So its clear with on myhome.ge or the other websites what the zone is. I think it depends on location more than anything. Where are you thinking? Are you familiar with Georgia?

@@AndrewBrownInvesting Thanks again for the reply that's great help. Either Gudauri or Tetnuldi I think. Although the skiing is abit basic in Tetnuldi at the moment. Do you know anything about access from lower villages when looking in Gudauri area. Ie gondola to the resort or do you have to be in Gudauri itself. Driving would be an option from neighbouring villages too but not sure on parking situation in resort and heavy snow days might not be ideal depending on how good they are at clearing the roads over there? Would be handy to get your email if that's somehow possible. Would appreciate picking your knowledge

@@ScottAndJen Haha thats a lot of questions, in the about section of my channel, you can find my email address. I won't promise I'll reply quickly, I get a lot of emails :) But i'll get there when I can. I don't know Tetnuldi area at all, but very familiar with Gudauri

Off and On for around 12 months. It took me that much time to get comfortable and learn the culture.

Needs to be valued at over 100k, so my apartment after renovation and a few years of price appreciation, has gone past 100k now.

@@AndrewBrownInvesting Thanks I see Andrew. Considering that Turkey has a residence permit program by owning a property there (any amount - even as low as $20.000) - you'll get a 1 year IKAMET residence permit that you can extend annually until you die as long as you still own the property. It is worth considering. I think it doesn't apply to Georgia 😅✌️

Hi, Thanks for a great question. I talk about the stock market a lot so it's great to talk about something different. Are you talking specifically about Georgia? If so, there is no such thing as a trusted agent... But tell me more about what you want and I'll find someone to help you. But don't trust them. I have my lawyers check everything.

@@AndrewBrownInvesting I am looking for an investment property in a ski in/out resort or something in Tublisi. I believe there are still value in Georgia. I plan to keep it longer term . I think the skiing will only get better in Georgia. I just don't want to overpay or get cheated on the transaction. Hope you can give me some gotchas. Also, would love to use service you already vetted. Many thanks.

For the ski resort side, look at the developer Redco with property in Gudauri. It is ski in ski out and I bought from them. It is definitely safer to go with large developer if you are unsure as they have some standards and rules. Redco are ok, not the best, but the location in the mountains is the best. Tbilisi, there are good developers as well, but I don't have the experience here. Hope that's a good starting point for you. Have you visited Tbilisi before?

@@AndrewBrownInvesting Not yet. Waiting for the travel restrictions to be lifted. I plan on doing a complete tour. Thanks for the recommendation for the developer. Do you have and idea of which development site currently that if you were me would consider buying into? Also, do you own these development apartment out right or is it time share?

Bonjour George, pourquoi souhaitez-vous quitter la Georgie, partagez vos expériences merci.

Yes you can buy a house with land as long as it is zoned as residential land. There have been issues in the past with foreigners buying agricultural zoned land, but there are ways to buy that as well.

@@AndrewBrownInvesting thank you for your reply I like to buy a house as I'm not an apartment person.

I understand, there are some beautiful blocks of residential land within 10 minutes of the capital city, with nice views and space that are reasonably priced. myhome.ge is probably the best website. but you will find that a lot of the listings are fake on all websites in eastern Europe. So its fun to look online, but you will need to do a lot of work yourself. Are you in Georgia?

Yes, this video is 2 years old

Well the only city near the water is batumi. Unless you look around Tbilisi sea, which is a big lake. Internet should be fine in both places. You really need to spend some time there before buying anything, it's not for everyone

@@AndrewBrownInvesting Lisi lake is better in Tbilisi

@@geoberaia6007 not a bad area. Just traffic can suck getting to lisi lake

What do you mean? I live in Kyiv but have an apartment in Georgia... What are you talking about?

Yes it is unsafe, do not buy property online... no exceptions

Batumi is a tricky place at the moment regarding investments as well. I don't think it is a good idea. Over supply. Tell me more about your idea?

Haha it's not all bad

Glad you enjoyed :)

That's a good deal, well done

Thanks for broadcasting that useless info.

But unfortunately usa is in a down trend now and georgia is a upcoming country with more economic freedom than US and trends are that usa economic freedom will keep falling down .

you fool. The U.S is a sinking ship

I sure can, what legal work do you need?

You will most likely need to travel to Tbilisi to register the condo in your name. Are you planning to travel there soon? Georgia is open

@@AndrewBrownInvesting As far as I know, the notary is used in Georgia for the property title transfer. When you recommending a lawyer, do you mean a LAWYER or NOTARY? Thank you.

😅

😂 I'm not from England so I don't know those tactics. Wouldn't fly in Australia

interesting :)

Thanks, glad it helped :)