When we hear “Georgia,” the first thing that comes to our mind is a beautiful land with wine, rich culture, stone mountains, and delicious peaches. Apart from that, it is a country widely-recognized for great hospitality, friendly neighborhoods, and the beautiful Atlanta skyline.

However, it is also a country with tremendous potential in making money, and this article is dedicated to it. Here, we will discuss why you should invest in Georgia’s real estate market and how you can make a fortune for yourself in this fascinating country.

Why invest in Georgia?

Georgia is one of the fastest-growing tourist destinations in the world and has recently observed an exponential growth in its tourist figures ( 8.7 million international visitors in 2018). Moreover, it has a cost-effective lifestyle and friendly environment, making it a safe and wholesome place for residents and travelers.

Here are some of the major reasons why you should consider investing in Georgia’s Real Estate – 

• Georgia is a regional and cultural midpoint that connects Europe and Asia. It has three international airports, a modern railway system, and a visa liberalization system.
• Georgia holds many industries such as manufacturing, textiles, transportation, agriculture, and tourism. You’ll be surprised to know that 20 out of Fortune 500 countries are based in Georgia, including Home Depot, UPS, Coca-Cola, Delta, etc.
• The overall volume of real estate investments in Georgia has seen enormous growth in the past few years. The price per square meter has increased in several regions, such as Tbilisi. Plus, the recent construction regulations have also enhanced the quality of construction.

Apart from that, some other significant reasons make Georgia a golden opportunity for investors.

• If you have owned a property for more than two years in Georgia, you are free of charge.
• The country offers real estate at the lowest price as compared with the neighboring nations.
• If you own a property there, you can have Georgian citizenship to manage your property by yourself.
• The Georgian government encourages investors to make investments in the country, and that’s why you will find the easiest registration process, easy lending, and lowest taxes levels in the country.

What are the best locations for property buying in Georgia?

Apart from the capital city of Tbilisi, several areas such as Atlanta, Columbus, Augusta, Macon, and Savannah have revealed immense potential in the real estate and hospitality business. These two business domains have appeared as the most powerful factors of Georgia’s economy and created new opportunities for investors in the area.

Moreover, there are no such real estate regulations in the country yet, and it offers lots of opportunities for foreign investors with low risk and maximum benefits. If you are interested in investing in real estate in Georgia, you can focus on building entertainment destinations, resorts, beach resorts, gaming locations, and even medical destinations in the area.

What do experts say about investing in Georgia?

According to experienced real estate professionals such as John Dodelande, Georgia is one of the most desirable locations for investing in real estate in the world. The country has unlimited growth potential and might see massive developments in the upcoming decades. 

Its beautiful location, expanding tourism, and friendly citizens make it a wonderful spot for investment. On top of that, the helpful government support, low taxes, easy buying policies, and acquisition of citizenship make it convenient for investors to manage properties in Georgia.

To conclude, it is the perfect time to invest in Georgia’s real estate market, and if you are an avid investor, you should definitely consider it.