Mortgage in Georgia for Foreigners: Conditions 2025

Mortgage in Georgia for Foreigners: practical guide for 2025

Georgia remains attractive to foreign buyers, and Batumi is one of the main hubs. In 2025, mortgages are available to non-residents in many cases, but bank practices and documentation still determine success.

Who can apply

Banks typically evaluate residents and non-residents. Key factors are verifiable income, credit history, and sometimes local residency status. Having a residence permit helps but isn't always required.

Documents and common requirements

• Passport and ID
• Proof of income (pay slips, bank statements, contracts)
• Documents related to the property and appraisal
• Preliminary agreement with the developer or agent

Translate and notarise documents if needed. A complete application speeds up approval.

Loan currencies and product types

Lenders offer loans in local currency and major foreign currencies (euro or dollar). Match the loan currency to your income to reduce exchange-rate risk. Fixed-rate offers stability; variable-rate products can be beneficial if rates fall but carry risk of payment increase.

Property valuation and checks

Lenders require an accredited appraisal. Use a lawyer or agent to verify title, permits, and that the developer has no outstanding issues. In Batumi, developer reputation and completed infrastructure matter.

Timeframe and expectations

From document preparation to loan disbursement typically takes a few weeks to several months depending on bank procedures and documentation. Allow time for appraisal and legal due diligence.

Risks and taxes

Foreign buyers face currency exposure and legal nuances. Confirm tax liabilities, fees, and resale restrictions. Local legal advice reduces surprises.

Practical steps — checklist

1. Prepare ID and income documents with translations.
2. Decide on loan currency and product preferences.
3. Contact several banks for preliminary offers.
4. Order an independent appraisal and legal check.
5. Sign a preliminary purchase agreement and submit the loan application.
6. Complete the transaction and register ownership.

Tips for buying in Batumi

Choose areas with good infrastructure and proven developers. Work with experienced agents and compare similar listings. For related information see /ipoteka-v-gruzii-dlya-inostrancev-usloviya-2025 and /ipoteka-saqartvelo-ucxoelebi-2025.

If you want, we can help prepare your documentation and review the developer — local expertise matters when buying abroad.