Buying Property in Georgia: What 70k Gets You!

[@lloovvaallee]

A total renovation of a new build strikes me as bizarre ...

[@didierdenice7456]

Been there and done it ! Excellent and honest video ! 👍 I confirm everything since I myself live in Georgia ...

[@AndrewBrownInvesting]

How many years in Georgia?

[@didierdenice7456]

@@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 😀

[@AndrewBrownInvesting]

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

[@adventuregirlukraine]

Georgia is very underestimated! Great country

[@AndrewBrownInvesting]

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

[@jeremynewell9903]

Thank you for this. I've been thinking about moving to Georgia or the Ukraine for years. Very eye opening information. Thanks again!

[@AndrewBrownInvesting]

Glad it helped 🙂

[@JP-qn4uo]

"Dowtown Kiev" - well that didn't age well! 😅😅😅😅😅

[@eowendyl]

I think I'm finally ready to push the button and move there, and you may have just convinced me to use a lawyer just in case when I decide to buy something. Will rent first and take my time to find something I like, but this is gonna happen. Thank you for the video and hope your apartment is treating you well!

[@justinnothling5798]

I want to see your finished apartment! How does it look after renovations?

[@AndrewBrownInvesting]

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

[@henrikvoigt6175]

@@AndrewBrownInvesting hello, how i can contact you?

[@AndrewBrownInvesting]

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

[@henrikvoigt6175]

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

[@AndrewBrownInvesting]

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

[@edmoyse]

It’s amazing what’s available in Georgia!

[@AndrewBrownInvesting]

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

[@jasonw0306]

Nice insights about Georgia. But too broad to say those things apply to 'Eastern Europe' as a whole. Done about a dozen residential RE deals in the region. Works differently country by country in CEE - not possible to generalise.

[@AndrewBrownInvesting]

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

[@samau100]

Thanks mate for a informative and helpfule advice . Im actually from Australia and planing to get an apartment in gorgia in the near future and ill be in touch if you are still in gorgia😊

[@AndrewBrownInvesting]

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) :)

[@samau100]

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

[@digitalnomadgirl]

This was so helpful!! Tons of practical info :D Thanks!

[@AndrewBrownInvesting]

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

[@sbelek11]

Was a great informative video. Thank you for sharing.

[@AndrewBrownInvesting]

Thanks for the feedback, glad you liked it

[@bojanasavic2335]

Amazing! Thank you for the great info!

[@AndrewBrownInvesting]

Thanks, glad you found it helpful

[@Lozmyster999]

Great info! Can you show us more specifically about this ski resort?

[@AndrewBrownInvesting]

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

[@Neil.Denize]

Love this video mate, very cool that you are ski in ski out and a pretty sharp price for 70k. quick question how much on average are the ongoing fees for the building like body corp and snow clearing fees if you don't mind me asking?

[@AndrewBrownInvesting]

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

[@sbadrawi2011a]

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?!

[@shibafujiwatches2808]

Some great advice there. Thank you!

[@AndrewBrownInvesting]

Glad you enjoyed it

[@yocelestia]

amazing video. no rambling whatsoever to the point

[@AndrewBrownInvesting]

Thanks, appreciate it.

[@iakobkv271]

Andrew! I also have a property in Bakuriani hahaha so funny man! Glad you had a great experience so far!!!

[@AndrewBrownInvesting]

Thats awesome, how often do you get there?

[@simondethlefsen4340]

Hi Andrew. Thanks for the video! I am looking to move to Georgia as well (from Denmark) and are also looking to move to a ski sport place. (love snowboarding and sauna) Do you live there fulltime?

[@AndrewBrownInvesting]

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

[@simondethlefsen4340]

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

[@oleksandrzaslon5367]

@@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

[@Travelingman-1980]

Plenty of shonky properties in Sydney too.

[@AndrewBrownInvesting]

I don't think its the same level :)

[@ysfalabdullah]

Useful info 👍🏼

[@AndrewBrownInvesting]

Glad it was helpful!

[@reannewu]

Great info! I'm currently interested in a property near Kobuleti city that I found online and I'm talks with the agent but I'm aiming to be in Georgia end of this year or early next year to see it person. Any thoughts on that area of Georgia?

[@devinobrien673]

Amazing value!

[@AndrewBrownInvesting]

Thanks a lot

[@terryholdredge6393]

Most helpful... thank you!

[@AndrewBrownInvesting]

No problem 👍😊

[@Strongholdex]

1300 dollar per squaremeter is more than than what you pay for the richest district of Georgia, which is Mtszminda (1100 dollar per sqm). My friends bought a one room flat in a nice hotel in Batumi for 24 k.

[@AndrewBrownInvesting]

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?

[@Strongholdex]

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

[@shirasaali]

Thanks buddy

[@AndrewBrownInvesting]

Glad you liked it

[@TheBryanyingst]

Might I ask what developer you chose?

[@AndrewBrownInvesting]

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

[@TheBryanyingst]

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

[@ScottAndJen]

Hi Andrew great video. Do you have any info on planning/building/construction laws in Georgia. Also can property/land be owned by expats or is it a ethnostate. We are looking for property with land with the possibility of building a new or adding to an external structure. Any help appreciated

[@AndrewBrownInvesting]

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.

[@ScottAndJen]

@@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

[@AndrewBrownInvesting]

@@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?

[@ScottAndJen]

@@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

[@AndrewBrownInvesting]

@@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

[@danvolgenau]

Good stuff! I'd be curious to hear about the process of establishing residency in Georgia and getting an ID card

[@AndrewBrownInvesting]

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

[@Food4thought1234]

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

[@Jsmashfq]

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.

[@NoWorriesTJ]

Am i the only one who thought he was talking about the State of Georgia

[@elvirekh7765]

Hello Andrew, i am french living in Tbilisi and I wanted to ask you how you transfered your money here to buy your property?

[@AndrewBrownInvesting]

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?

[@elvirekh7765]

@@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

[@AndrewBrownInvesting]

@@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

[@didierdenice7456]

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

[@donald_trummp]

There’re a lot of stupid layers as well who aren’t possess any real estate laws knowledge, will take your money and just ruin a good deal, because they don’t like something in the agreement. Later on you’ll find out that that particular condition is actually a normal practice and in fact in written in the law. I’ve personally encountered this while was purchasing an apartment in Belarus

[@AndrewBrownInvesting]

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

[@MargaretHerdtRealtor]

I just read an article from the National Association of Realtors that 22.6% of our Colorado buyers are coming from Georgia. I understand the California buyers but not the Georgia buyers. Do they like the cold now? ??

[@AndrewBrownInvesting]

Wrong georgia I'm in Georgia the country

[@MargaretHerdtRealtor]

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

[@AndrewBrownInvesting]

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

[@aryag6853]

Hey do you know any good realtor in Tbilisi at all? I want to sell my property

[@AndrewBrownInvesting]

Myhome.ge is the website to use

[@nanasmith3513]

It is interesting but general. Do you have real estate agent you can refer to me in Georgia specifically?

[@helpingbruh]

Hi bro i been there at Guduari ski resort and seeking to buy an apartment there Please guide the current rates and size .I can see redico Real estate is seller there. Please help

[@AndrewBrownInvesting]

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

[@TheMjk79]

I’d love buying a flat in Montenegro or Belgrade Waterfront but the prices are very high, especially for Eastern Europe... Do you think the prices may go down in future due to Corona?

[@AndrewBrownInvesting]

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

[@tornikeakulashvili]

wow i want to buy apartments in georgia 🇬🇪 🤝 thanks for info ℹ️

[@AndrewBrownInvesting]

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

[@sebiamericanu193]

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

[@mubarakeleid6996]

Hello Andrew, I am in tbilisi and I want to buy an apartment, could you please help me?

[@AndrewBrownInvesting]

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?

[@liajax1733]

I need him lord where can I find someone who I can like him to help me move to Georgia in January 2023

[@vuongmi888]

Hi Andrew, what is your suggestion on how I should start searching for property either in mountain resort or capital?;Is there a "trusted" agent you worked with? Thanks for your post. It's helpful. Michael

[@AndrewBrownInvesting]

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.

[@vuongmi888]

@@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.

[@AndrewBrownInvesting]

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?

[@vuongmi888]

@@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?

[@pininteriors494]

Hi Andrew, do you know if you, not a Georgian citizen are you allowed to buy a house in Georgia and what amount of lang can go with it? some people saying you can not own land in Georgia if you not a citizen?? many thanks

[@AndrewBrownInvesting]

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.

[@pininteriors494]

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

[@AndrewBrownInvesting]

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?

[@musicfromthebest1]

Can you sent web site from where person can buy flat in Georgia?

[@AndrewBrownInvesting]

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

[@ashtonsmith2473]

How long did you live there before buying?

[@AndrewBrownInvesting]

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

[@syaelstories8530]

Hi can I get a residence permit if I invest in properties under 100k?

[@AndrewBrownInvesting]

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

[@syaelstories8530]

@@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 😅✌️

[@davidnebadze5891]

never heard buildigs not finished in georgia,

[@AndrewBrownInvesting]

hahaha

[@joelturner9285]

Bargain...I'm looking at £300K absolute minimum in London

[@AndrewBrownInvesting]

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

[@joelturner9285]

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

[@AndrewBrownInvesting]

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

[@liajax1733]

I don’t have a friend there and I am looking to buy a house or an apartment I keep getting crazy prices is there anyone who can help I move there January 2023

[@AndrewBrownInvesting]

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

[@liajax1733]

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

[@liajax1733]

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

[@Averagebum21]

+Andrew Brown Yours is the second video that has a recommendation for hiring a lawyer to assist with property purchase in Georgia. May I ask if you think it is unsafe to purchase a piece of property at Batumi online? Thank you!

[@AndrewBrownInvesting]

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

[@AndrewBrownInvesting]

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?

[@georgefromjungle5211]

If I had extra 70k, I would be actually trying to move away from Georgia lol.

[@yazbj7444]

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

[@davidwalsh9850]

I'm am looking for a 3 plus bedroom, 1-2 bathroom apartment or home in Georgia. We would like the warmest city or town close to water, that is safe, good quality & value price with excellent internet access. Any ideas?

[@AndrewBrownInvesting]

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

[@geoberaia6007]

@@AndrewBrownInvesting Lisi lake is better in Tbilisi

[@AndrewBrownInvesting]

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

[@VERTICALWisdom]

Video should be renamed - Do not buy real estate in Eastern Europe.

[@AndrewBrownInvesting]

Haha it's not all bad

[@relaxinmeditation8710]

Isn’t kee being bombed

[@jason11166]

Yes, this video is 2 years old

[@rapolasmasaitis9824]

Gold

[@AndrewBrownInvesting]

Glad you enjoyed :)

[@jon8864]

The old bait and switch.

[@delroywilson9588]

I clicked on this video to see what $70k would get me, not see some Aussie yabber.

[@AndrewBrownInvesting]

😅

[@mubarakeleid2099]

Can you recomend a lawyer to me!

[@LlenaSantana]

Kiev is in Ukraine my dear, not Georgia!!!

[@AndrewBrownInvesting]

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

[@katherinefisher3081]

Can you recommend a lawyer for Tbilisi?

[@AndrewBrownInvesting]

I sure can, what legal work do you need?

[@AndrewBrownInvesting]

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

[@lioudmilaivanova7814]

@@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.

[@mrcu8176]

$70,000 for that ?? You got ripped off !! I paid $75,000 for a 1250 sq. ft. apartment close to a ski resort in the mountains of North Carolina USA

[@AndrewBrownInvesting]

That's a good deal, well done

[@neilmarshall3071]

Thanks for broadcasting that useless info.

[@ricardorodriguesrr18]

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 .

[@euroconnect7237]

Come-on dude as if British RE agents arent using same tricks....

[@AndrewBrownInvesting]

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

[@tms843]

Really useful tips! Thanks for the video!

[@AndrewBrownInvesting]

Thanks, glad it helped :)