How to Get a Mortgage in Batumi as a Foreigner

Introduction

Getting a mortgage in Batumi as a foreigner is achievable and often attractive for buyers and investors. This guide explains the typical process, documents, and precautions to help you move forward confidently. 🏖️🏡

1. Who is eligible

Many Georgian banks lend to non-residents, provided the borrower can demonstrate stable income and a clear financial profile. Requirements vary: some banks accept foreign-sourced income, others may ask for higher down payments or local guarantors.

2. Documents to prepare

Commonly requested items include:

• passport and identity documents;
• income proof (employment contracts, bank statements, invoices for freelancers);
• credit history or bank references from your home country;
• contract or preliminary agreement for the property you want to buy;
• employment and contact details for potential guarantors.

Tip: Translate and notarize key documents into English or Georgian if required by the lender.

3. Down payment and loan currency

Down payment requirements depend on the bank and the property type. Expect a conservative range rather than a fixed number. Loan currency options usually include the national currency (lari) and major foreign currencies. Match the loan currency to your income to reduce exchange-rate risk.

4. Property appraisal and risk checks

Lenders will order an appraisal to confirm market value and perform legal checks for encumbrances, building permits and land status. For investors in Batumi, confirm the property's legal cleanliness and construction permits before committing.

5. Legal and tax considerations

Foreign ownership is allowed in Georgia, but you should consider:

• property registration in the public registry;
• tax implications when buying, owning, or renting out the property;
• how property ownership may interact with residency applications if you plan to stay longer.
  Legal support reduces mistakes and protects your investment.

6. Choosing a bank and mortgage product

Compare interest rates, terms, mandatory insurance, early repayment penalties, and the bank's experience with foreign clients. Ask for a pre-approval letter to understand your realistic price range when property hunting.

7. Practical tips for buying in Batumi

• Choose locations with year-round rental demand or future growth potential.
• Consider maintenance costs and seasonal fluctuations typical for resort cities.
• Factor in management and tenant services if you plan to rent the property.

8. How BuyHome helps

BuyHome assists with bank selection, document preparation, legal due diligence, and negotiation. We can accompany you from initial search to registration. Start browsing properties at https://buyhome.ge/en/search or contact our team for personalized advice.

Conclusion

A mortgage in Batumi as a foreigner is possible with proper preparation: clear documentation, legal checks, and careful comparison of lenders. If the process feels complex, we're ready to help you at every step — from choosing the right mortgage to closing the deal. 🤝

Contact us to discuss your goals and find the best mortgage solution for your Batumi purchase.