Do you intend to invest in real estate in Georgia, you must first know that Georgia has a safe environment for real estate investment due to the great opportunities and facilities that the state provides to investors from all over the world and persuades them to spend their money on the real estate sectors in Georgia.
Real estate investment in Georgia is increasingly making headlines around the world, Georgia classified as a wonderful place to do business in addition to being a place to live at a low cost in addition to its friendly population, and therefore, many Arabs are looking for real estate investment in Georgia.
Real estate investment in Georgia is one of the best ways to keep your money and increase your income, given that the country of Georgia is famous for its magical location in the world and is considered a good opportunity to invest in Georgia, and its distinctive features that made it one of the best countries in the world that provide the best real estate investment opportunities in Georgia For businessmen in the world in general
Georgia provides real investment opportunities to many international companies in various fields such us industry, agriculture, transportation, textiles and tourism, the diversity of industries within Georgia is a positive sign of the growth of the economy, as Georgia’s GDP is about $ 435 billion annually, and this is one of the most important reasons for starting real estate investment in Georgia.
Investors are looking to put their money into the field of real estate investment in Georgia, given that Georgia is a very golden opportunity to get big profits in the coming period, and this is what Al-Abwaz Real Estate Investment Company provides.
Real Estate Investment
The real estate market in Georgia is still strong, and this is due to the economic growth of the country and the growth in tourism within Georgia, and this is what opens the way for Arab businessmen. If you are looking for the best real estate investment opportunities in Georgia, the following statistics may benefit you.
During the first quarter of 2019, the average sale price of apartments in Tbilisi increased by 7.1% after an annual increase of 12.4 in the fourth quarter of 2018, according to the ISET Policy Institute.
In general, TBC Capital expects the real estate prices to continue to rise in Georgia in the coming years amid strong demand for real estate and a decline in construction activities in Georgia.
“I would also like to mention the undeniable increase in consumer purchasing power, which is expected to have a very positive impact on both Georgia’s real estate and the banking sector,” said Giorgi Tikhidze of TBC Bank.
In 2018, Georgia’s economy expanded by 4.7%, after growing by 4.8% in 2017, and officials within the state of Georgia expect the economy to expand by 4.5% this year, mainly due to the conflict with Russia and political fluctuations caused by many public protests in 2018 and 2019.
Foreigners can buy residential and commercial real estate in Georgia, but they cannot own agricultural lands, so if you are looking for the best real estate investment opportunities in Georgia, do not hesitate to contact us at Al-Abwaz Real Estate Investment Company in Georgia to answer all your inquiries and reach the most suitable real estate choice for you and your family.
Georgia tax law encourage you to start real estate investing in Georgia.
Economic growth and its impact on real estate investment in Georgia
The impact of economic growth and low unemployment on real estate investment in Georgia significantly, as in 2018, Georgia’s economy expanded by a strong 4.7%, after growth of 4.8% in 2017, 2.8% in 2016, 2.9% in 2015 and 4.6%. In 2014 and 3.4% in 2013, according to the International Monetary Fund, then in the first eight months of 2019, the economy grew 5% more, up slightly from the 4.8% expansion in the same period last year.
Despite this, NBG Koba Gvenetadze’s board of directors expects the economy to actually expand 4.5% this year, lower than previous growth forecasts of at least 5%, mainly due to the conflict with neighboring Russia and several antigovernmental protests since last year. .
Standard & Poor’s raised Georgia’s long-term sovereign foreign and domestic currency sovereign credit ratings from ‘BB-‘ to ‘BB’ in October 2019, with stable economic outlook, following a similar upgrade by Fitch Ratings in February 2019.
According to the rating agency, Georgia has still managed to grow strongly in recent months despite the volatile domestic and foreign policy environment. “This flexibility partly reflects the economy’s success in attracting funds from abroad to finance its investment needs and external deficits,” S&P said.
Unemployment fell nationwide to 12.7% in 2018, down from 13.9% in 2017 and the lowest level in 15 years, according to figures from the Office of National Statistics of Georgia (GeoStat). The unemployment rate decreased to 12% in the first half of 2019.
The total number of unemployed also decreased by 11.1% year-on-year to 245,700 people last year.
The economic growth of Georgia encourages you to invest in real estate in Georgia.
8 golden opportunities to start real estate investing in Georgia
I will mention to you the most important advantages that may motivate you to start real estate investment in Georgia with a brief summary of each feature:
1. The geographical location of Georgia
The country of Georgia is located on the famous historical Silk Roads, as the road acts as a bridge linking West Asia and Eastern Europe, and the strategic location of Georgia makes it a crossroads between the two continents, which generates invaluable opportunities for import and export activities, international business and foreign commercial investments.
It is bordered by the Black Sea, Russia, Turkey, Armenia and Azerbaijan on the four sides, and Georgia is a transit and access corridor between the sea and the land, as the site of Georgia opens doors to Europe for Asian companies that work in particular between China and Europe, and this makes it a golden opportunity to start real estate investment in Georgia.
2. The ease of doing business in Georgia is incredible
One of the most important reasons that may increase your decision to start real estate investment in Georgia is that the World Bank Group publishes an annual report declaring the ease of doing business in many countries of the world.
The ease of doing business in Georgia means that the country is very supportive of all investors and is working to support startups significantly.
3. Georgia’s economy is almost free of corruption
Corruption-free economy is a strong point for you to start real estate investment in Georgia, as you know corruption can stop the movement of work easily, so you must make sure of the state of corruption in any country before you start your work there, and by talking about Georgia, you must know that economic corruption is constantly decreasing. Therefore you must now start real estate investing in Georgia.
Transparency International has annually published an index called the Corruption Perceptions Index (CPI) since 1995. The index ranks countries around the world by the perceived level of corruption in their various sectors, with the help of expert assessments and opinion polls.
Georgia already ranks 41st out of 180 countries, besides that Georgia has set the record for improvement in recent years. The current ranking and growing trend can also ensure that the risks in the business environment in Georgia’s economy are reduced.
4. Taxes are low in Georgia
Low taxes are the most important reasons that push you to start real estate investment in Georgia, and you should know that the number of taxes has decreased in recent years in Georgia. The reason for this is the government, which is scheduling to use this approach as a viable way to absorb foreign trade and pave the way for them towards establishing companies . This is why taxes really only represent basic business taxes.
According to the 2016-2017 World Economic Forum Report, Georgia has one of the lowest taxes worldwide in ninth place with a total tax rate of 16.4%.
There are low tax rates and a transparent tax system in Georgia. Currently, the government has set six fixed taxes in Georgia:
- Income tax – 20% (fixed rate).
- Corporate tax – 15%.
- Value-added tax – 18%.
- Production tax – on a few selected commodities.
- Import Tax – 0%, 5% or 12%.
All of the above simply guarantees the simplicity and reliability of Georgia’s tax system.
5. There are 4 “free industrial zones” in Georgia that are tax exempt.
In addition to all the low taxes, you might be surprised to hear that there are 4 Free Industrial Zones (FIZs) in Georgia where companies are exempt from all taxes except for personal income tax (20%). These four regions are located in these cities:
- Butte (port)
- Kutaisi (third largest city)
- Tbilisi (the capital)
All of these Free Industrial Zones (FIZs) are run by private companies, as investors, if you need to rent space from a FIZ . The operators for each FIZ are as follows:
- BUTI FIZ: operated by Rakia Georgia FIZ LLC
- Kutaisi FIZ # 1: Operated by Georgia International Holdings
- Kutaisi FIZ # 2: Operated by the Hualing Group
- Tbilisi FIZ: operated by the Tbilisi Free Zone JSC
What you wait?, start your real estate investment in Georgia now.
6. Georgia has a skilled and competitive workforce
The population of Georgia is distinguished by a qualified and talented workforce, many of them are multilingual and have obtained higher education degrees in European countries. The new generation speaks Russian and English widely, and they are mostly able to speak German.
The average monthly salary is around 420 $ in Georgia, this is a relatively low salary compared to the average in many European countries, so the expenses for hiring skilled and talented employees is not high.
7. Georgia gives you many tourist attractions
If you compare some parts of Georgia to others, you find that the country offers a large number of amazing tourist attractions that you cannot close your eyes to.
Tourist attractions in Georgia annually make millions of tourists around the world choose Georgia as their destination, tourism can make the country’s economy flourish, due to the versatility of the needs in the presence of tourists.
Tourism, in itself, is one of the main sections in Georgia that you can invest your money in. Moreover, there are many other areas in which you can invest such as real estate investment in Georgia, which is growing and growing every day due to the presence of millions of tourists only in Georgia.
What you wait?, start your real estate investment in Georgia now.
8. Georgia’s economy is growing very fast
GDP measures the market value of all goods and services produced in a specified period, the GDP of all countries of the world is announced annually. Often, the GDP of Georgia has increased permanently in recent years.
Georgia’s GDP expanded by 4.9% year-on-year in March 2019, after growing 4.5% in the previous quarter. This can simply shed light on the growth of real estate investment in Georgia.
What you wait?, start your real estate investment in Georgia now.
Questions and Answers about real investments in Georgia
- Why Invest in Georgia؟
- Property in Georgia | Georgian Real Estate Investment
- The Real Estate Investment Market in Tbilisi, Georgia
Real estate companies in Georgia
Al-Abwaz Real Estate Development and Investment Company was able to be the surest real estate partner in Georgia in 2019, because it provides ready-made projects for immediate submission, with different payment plans that suit everyone, through documented contracts from government agencies that guarantee your property with all the privileges according to the laws of the country
We guarantee your property with all its details, starting with the agreed upon receipt dates and all the terms of the contract.
We help you to get Georgian residency once you buy the property
We provide our customers with the latest and best models of decoration and interior furniture.
– Real estate management where you can resell or rent your property and provide you with reports of investment return
– Free real estate advice by contacting us, and providing the necessary advice at the time of offering the property for sale or rent and choosing the appropriate price
The company has many specialized consultants to carry out accurate studies through which successful real estate investment opportunities are identified, and we are also distinguished by confidence and seriousness by providing all the selling and buying steps legally in order to ensure the right of the customer
We have always been the surest partner in the state of Georgia by offering
(Luxury villas and apartments / guaranteed shops / administrative offices / investment lands / residence / nationality / the best payment methods in installments that suit everyone / special discounts for cash / investment return of up to 20% / after-sale service)
10 reasons why Al-Abwaz is your first choice in Georgia
1 – The lowest price per meter in Europe with the best view in the world
2 – More than 10 projects allow you to choose the most suitable property for you and your family
3 – forever ownership of all nationalities, with the right to inherit
4 – The largest investment return of up to 20% in dollars when renting or reselling the property
5 – Contracts authenticated by the company and the Ministry of Justice that guarantee your property with all its available privileges in according to the laws
6 – Buying directly from the real estate developer “the owner” without commissions / without additional expenses / without real estate tax
7 – Diversity of payment systems with simple down payments and installments up to 36 months without interest
8 – We are always at your service in more than 6 different countries, which allows us to communicate easily
9 – European real estate compliant with the conditions of residency and Georgian citizenship according to laws
10 – Huge discounts on instant booking
We, “the surest real estate partner in the state of Georgia” are always at your service through 7 branches in 6 different countries, namely (Dubai – Cairo – Doha – Tbilisi – Jeddah – Riyadh – Istanbul)
Your family deserves a lot from you .. Your family deserves European housing in Georgia
Contact us to get the lowest price per meter in Europe with the best views in the world
In the best way to pay in installments without interest