Tbilisi Georgia Real Estate/Property - Excellent future prospects.

[@sbadrawi2011a]

In 10 minutes here you get more valuable and accurate information than watching hours of other videos. Thank you!

[@saveandinvestwithgiorgiolo8375]

Many thanks. Please spread the word

[@sbadrawi2011a]

@@saveandinvestwithgiorgiolo8375 Certainly will do. I have been recently more interested in the real estate market in Batumi. I have come to the same conclusions you made in the Batumi video, only I had to spend weeks researching and watching heaps of videos and articles. Each source I looked at never explicitly made a clear point and usually concentrated on one aspect of the market. I had to deduce conclusions for my self from all the info. Your video on Batumi was my last attempt at trying to figure out the real estate market there. I have definitely hit the jackpot. All my concerns were confirmed. I have no reason to doubt the info. you give regarding Tibilisi or any other city for that matter. Keep on posting new videos please.

[@saveandinvestwithgiorgiolo8375]

Just wanted to add that rental income tax is only 5% in Georgia. This is another advantage of investing in Tbilisi

[@sbadrawi2011a]

And capital gains tax need not be paid if you hold the property for at least 2 years.

[@SuperfanzX]

Thanks so much for not just this but all of your videos. Very insightful. I made my purchase on a flat in downtown Tbilisi. Some tips to add to your already good video. Arguably the most important especially if you're a foreigner: real estate lawyer. It usually cost around $1500-$2000 to get a professional legal service. One of the most common risk you deal with is the lien on the property. A good real estate lawyer will help you find this out. One of the property I was ready to pull a trigger on had this (and the owner didn't disclose on purpose until we found out). In my case, I actually got a loan from a Georgian bank. You can get a decent interest rate the first 2 years depends on promotion at the time. However, if you go with this option, you can save money on legal side because the bank will do all the due diligence for you (since they have to protect their investment). Just some tips from actual experience :)

[@迈阿密上海观天下]

Hi Giorgio,thank you so much again for your helpful and accurate information, I can't wait to buy the propperty in Tbillis!

[@saveandinvestwithgiorgiolo8375]

My pleasure

[@hamzawow1]

Very insightful information I have been waiting to talk about Georgia. Thank you

[@saveandinvestwithgiorgiolo8375]

Hamza my pleasure and really happy to have helped

[@FlorianWilk]

Absolutely fantastic video. A lot of extremely valuable information easily explained. Would love to see more content about real estate investments in Georgia.

[@saveandinvestwithgiorgiolo8375]

Thank you Florian. I have also done a video on Batumi.

[@Fatality654]

I'm Georgian, left in 2010, but I'm becoming really interested in looking into this currently.

[@saveandinvestwithgiorgiolo8375]

Thank you for your feedback unheardrip. Georgia is a beautiful underrated country

[@j.ninemusicofficial]

Great videos, You are very clear and concise. Thank you very much for this information!

[@saveandinvestwithgiorgiolo8375]

Thank you Janine

[@DemanDeSoleil]

Hello Giorgio, thank you for your amazing videos. All of them are very helpful and make a lot of sense! Your videos are def the best guides in buying a property. Thank you!

[@saveandinvestwithgiorgiolo8375]

Dear Anna thanks so much for your feedback. Much appreciated!!!!

[@MC-MALTA]

All lies and BS

[@JunaidSalehHayat]

I am glad to have found this channel. Please make some analysis on Bosnia!

[@saveandinvestwithgiorgiolo8375]

Hi Junaid one of the more unusual requests. Where in Bosnia would you be interested in Sarajevo/Mostar thanks.

[@mikefox5264]

@@saveandinvestwithgiorgiolo8375 and while you are on it: Croatia also please :) thanks!

[@saveandinvestwithgiorgiolo8375]

@@mikefox5264 I will definitely be doing Croatia

[@mikefox5264]

@@saveandinvestwithgiorgiolo8375 thank you! Maybe I am stating the obvious but perhaps focus on Zagreb and coast (both, Istria and Dalmatia). Cheers

[@soundslight7754]

Thanks for this great and informative video

[@saveandinvestwithgiorgiolo8375]

Many thanks Sound Light

[@francisfreyre]

Nice video and good information! Thank you.

[@saveandinvestwithgiorgiolo8375]

My pleasure Francis

[@michaelrasley]

Sick vid brother. Thanks for sharing your deep knowledge. 🤜🤛

[@saveandinvestwithgiorgiolo8375]

Thank you Michael

[@SparkyBites]

Best website to visit when wanting to look at property for sale and their prices? What's the safest way to purchase property in Tbilisi?

[@rodrigobraden8960]

I realize it's kinda randomly asking but do anybody know of a good site to stream new series online ?

[@jericholondon7108]

@Rodrigo Braden lately I have been using flixzone. You can find it by googling :)

[@drakecurtis8025]

@Jericho London yea, been watching on FlixZone for since april myself =)

[@rodrigobraden8960]

@Jericho London thank you, I signed up and it seems like a nice service :D I appreciate it!!

[@jericholondon7108]

@Rodrigo Braden glad I could help :D

[@prodigaldaughter00]

This was super helpful thank you so much!

[@saveandinvestwithgiorgiolo8375]

My pleasure

[@yolandasuarez2931]

Very interested videos. Thanks for your time.

[@saveandinvestwithgiorgiolo8375]

Many thanks Yolanda

[@lukebelmarclips8669]

You should do another video on Tbilisi this was really great

[@saveandinvestwithgiorgiolo8375]

Many thanks Will do one soon

[@jojkata15]

Wow I just found your channel and I'm impressed! Thanks for these highly informative videos, they provide a great direction and basis for additional research if one is interested in buying property abroad. I myself am from Bulgaria and would be curious for you to make a video about investing in the capital (Sofia) or the seaside (Varna/Bourgas).I myself think it's definitely not worth investing in Sofia as the prices are way too high for the value one gets in return. But I'd like to hear your opinion as well!

[@saveandinvestwithgiorgiolo8375]

Thank you for your feedback. Bulgaria is one of my favorite countries and a great place to invest. If you look at my video library I have done several videos on Bulgaria including Sofia, Varna, Plovdiv, Veliko and Bulgarian ski resorts and Black Sea coastal places. Prices have gone up in Sofia and Varna since I made the videos but I still think they are good long term places to invest especially Varna

[@HardcoreGamerVG]

Thank you very much for this perfectly informative video!!

[@saveandinvestwithgiorgiolo8375]

My pleasure eric

[@jurekgutek4861]

Very good channel. Hopefully it develops. Please talk about Poland and other V4 countries.

[@saveandinvestwithgiorgiolo8375]

Thanks Jurek. Poland will definitely happen along with Hungary. Slovakia and Czechia planned for later

[@patrickohalloran6782]

Very informative ! Thanks mate

[@saveandinvestwithgiorgiolo8375]

No problem Patrick

[@ahmedabazar8626]

Just came across your channel very informative and helpful but my question is do you think there are other places where returns are above 10% in terms on investment on properties could there be an opportunity given the current market conditions globally

[@saveandinvestwithgiorgiolo8375]

Hi Ahmed do you mean yields? If so perhaps you could get this in places like Kiev Amman or Cairo

[@SananSanani]

Great video, very informative! Would love to network with you if you are in Tbilisi

[@saveandinvestwithgiorgiolo8375]

Next time I am in Tbilisi it will be great to network. Thanks

[@macabrew]

Are you from Georgia? Thank you for sharing this, definitely gonna keep Tbilisi on my radar for possible home away from home!

[@saveandinvestwithgiorgiolo8375]

Thanks Christopher. I am not actually from Georgia

[@saveandinvestwithgiorgiolo8375]

Here are links to some other real estate videos that may be of interest) : kzbin.info/www/bejne/joO1YZ2CaZegnK8 (Estonia) kzbin.info/www/bejne/q5TEdHdof72leac (Cyprus) kzbin.info/www/bejne/pWOum4yOgtV2bcU (Bulgaria) kzbin.info/www/bejne/enqqfntvZtZnhLc (Poland)

[@tkconfectionery2835]

I find this video helpful, thanks for the information, As a student is it possible to buy a house?

[@abdulkarimsamawi8370]

Thanks for your informative and valuable videos. I would really appreciat if you could make a video about property investment in Bali Indonesia.

[@saveandinvestwithgiorgiolo8375]

Thanks karim. Will consider Bali

[@mazemazy]

Many thanks for the informative video Giorgio! Glad i came across your channel as i’m close to lock a deal for an apartment in Orbi in Batumi. Would you be able to guide my decision in particular in-terms of pricing & management company to pursue?

[@dorisyang452]

Thanks for the informative video! I just searched the real estate price in Tbilisi, it has gone up a lot in 2021. Do you still think it’s a good investment？Some flat near freedom square is more than 2,000 dollar per square meters. Thank you in advance.

[@sbadrawi2011a]

If you purchase an apartment in an apartment building (under construction), do you automatically become an owner of the proportional part of the land on which the building exists! Does this need to be addressed in the prepurchase/purchase agreement?

[@mohamedsaif4059]

Thank you for the very informative video , I'm interested in buying property in downtown Tbilisi , how do you recommend the best way to spot good opportunities there?

[@nishantkauthekar]

Giorgio is this the right time to invest in Tbilisi now ??? I am really considering this seriously but now able to get confidence.

[@luisherraez6600]

Great video Giorgio. YOu mention buying costs are low but don't go into figures. Can you give an approx percentage?

[@saveandinvestwithgiorgiolo8375]

Hi Luis depending on how much you pay for a lawyer/real estate agent you should pay no more than 10% total buy/sell costs

[@sbadrawi2011a]

@@saveandinvestwithgiorgiolo8375 Isn't 10% a bit high!

[@aleksandramilewicz9938]

I ve heard scary stories about mafia in Georgia 🇬🇪. Unfortunately they are also approaching foreigners who bought flats in Batumi- at the sea side. In this case , you pay for "protection" of you r new house. Not sure about how is it in Tbilisi.

[@saveandinvestwithgiorgiolo8375]

Aleksandra I have not heard of this happening in Tbilisi or Batumi. My chief concern with Georgia at the moment would be an invasion from Russia.

[@alexanderpichlkastner2519]

Hi, can you recommend some property agent and or manager who proposes cheap apartments and organizes also viewings , in Tbilisi? Also can you recommend a web page where to find that cheap real estate?

[@massimilianomarrazzo2392]

hi Giorgio, are you sure that the non residents have to pay 20% on rental income? I have been told that taxation is just 5% for private investors (not LLC) and it is paid annually

[@saveandinvestwithgiorgiolo8375]

Many thanks Massimiliano for pointing this out as I thought I had changed this in the video. I have now changed the video to reflect this. Although you do not hear me say this I have put subtitles which state this fact. Thanks again

[@egordelkov1518]

Hello Giorgio! Your statement about real estate in Tbilisi was 2 years ago. Could you give me your opinion in this time. Is it worth to buy property in 2022 in Tbilisi or not? Thank you!

[@saveandinvestwithgiorgiolo8375]

Egor I will soon making an update video on Tbilisi

[@Mpiman]

Very interested in this market. What's the best way to get connected to the right people? I've heard corruption is quite a risk there

[@sashawhitehead7378]

How do you go if you are an Australian passport holder and wish to buy RE in Tblisi? Is the process difficult when wishing to purchase? What should you look out for when buying a property?

[@alexz631]

Thanks for sharing the info. How can one contact you?

[@stefaniacalabrese2400]

which one would you pick between Georgia and Estonia?

[@saveandinvestwithgiorgiolo8375]

Hi Stefania an excellent question. In Georgia I would only invest in Tbilisi not Batumi. In Estonia you have more options Tallinn, Parnu and Tartu being the main cities. Also Estonia carries a little less political risk than Georgia (although I do not think the risk in Georgia is significant), is more digitally advanced and for most people geographically will be easier to reach. However for a low budget, good yield and potential capital gains opportunity I would invest in Tbilisi at least over the short to medium term (3-5 years).

[@stefaniacalabrese2400]

@@saveandinvestwithgiorgiolo8375 Would you invest in Tsibilisi to resell 2/3 years after? Would you do the same in Tallinn? What are the best websites/agencies helping foreigners buy?

[@kippsguitar6539]

@@saveandinvestwithgiorgiolo8375 I wouldn't be surprised if Ryanair and wizz are planning on Tbilisi, Bucharest was in a similar situation 15 years ago before Ryanair moved in and prices soared, I see few flights (currently) as an advantage as It probably will change at some point and affect prices of real estate.

[@massimilianomarrazzo2392]

What about the risk involved with the depreciation of Georgian Lari? If I buy with the current Euro/USD/pound vs Lari, what if the Lari drops dramatically when I want to sell the property?

[@saveandinvestwithgiorgiolo8375]

Hi Massimiliano with any foreign transaction there is a currency risk for example the British pound has fallen significantly over the past few years against the Euro/USD and it was considered one of the best currencies to hold in 2015 that said the Lari is becoming a more stable currency so you should not see any dramatic currency loss. If there is any loss it will be small in comparison to long term yields and capital gains that can be achieved and lastly don't forget you may actually make some currency gains.

[@Jsmashfq]

It's hard to sell the property in Georgia as a foreigner. So value depreciation is not the biggest risk. If you want to buy a property in Georgia as a getaway home it's ok. As an investment I would not advise it.

[@massimilianomarrazzo2392]

@@Jsmashfq thanks. Why is it hard to sell properties for foreigners?

[@Jsmashfq]

@@massimilianomarrazzo2392 I don't know how to explain and don't think I'm trying to discourage you. I'm just speaking from experience. I own a beach front apartment in Batumi. For me it was just a fun experience. To learn in life. I wasted a lot of money. But it was a hell of an adventure. So hope you understand. If you have time and money to waste. By all means!! :)

[@saveandinvestwithgiorgiolo8375]

@@Jsmashfq Thank you for your feedback. It depends where in Georgia. I certainly do not advise to buy anywhere except Tbilisi and as central as possible where there is definitely a resale market.

[@ProjectInfluencers]

How has Covid (now) affected real estate prices and rental yields in Tbilisi?

[@Sebastian-wx5gg]

I am on average getting 7% cash flow through rent (only investing in central parts of the better areas in the city). I expect the annual value increase will be around 5% which makes it a total of 12% ROI/annually. Studios are yielding higher cashflow than larger apartments, generally.

[@TEENRAVE-n4f]

Are you investing in the new constructions or focusing on historical buildings?

[@ProjectInfluencers]

@@TEENRAVE-n4f new construction

[@Sebastian-wx5gg]

@@ProjectInfluencers In which areas of Tbilisi? Do you favour some builders over another? Do you pay whole amount snd receive a discount, go for a mortage or payment plan with the constrictor?

[@Sebastian-wx5gg]

@@TEENRAVE-n4f I focus on buildings that was built maximum 5 years ago. Preferrably close to the city center and with inhabitated apartments (not whiteframed). You can get higher ROI with older buildings, but it can also be a bit risky in the longrun.

[@aryag6853]

Do you now ant good local realtors?

[@havaintopak]

Hi, I am planning to buy apartment in Tbilisi. Any developers you recommend?

[@micomarinas2753]

if a buy a residential property in tblisi georgia can I apply for a citizenship by investment? is it true that local banks in georgia gives it's depositor a 10% interest rate on time deposit for georgian lari currency? I hope there's a casino in georgia.

[@saveandinvestwithgiorgiolo8375]

Yes you can Nico. I am thinking of doing a video on this. Yes you can get a high interest rate in Georgian Lari from local banks and there are also casinos in Georgia

[@micomarinas2753]

ok thanks for the reply, it's a great help.

[@saveandinvestwithgiorgiolo8375]

No worries Mico

[@sribalajivenkataraman1038]

what's the average monthly net salary in Tbilisi?

[@saveandinvestwithgiorgiolo8375]

Hi Sribalaji the average net salary in Georgia is USD 340 approximately (taken from Geostat end of 2019). Tbilisi statistics are harder to find but salaries will be higher than the average. Having been to Tbilisi and asked around I reckon net salaries are around 400-450 USD net a month. The more interesting facts are that salaries are increasing rapidly year on year compared with western economies.

[@didierdenice7456]

@@saveandinvestwithgiorgiolo8375 As of January 2021 i can tell you that those stats about average salary don't mean anything anymore ! After only ONE year without tourism, totally dead Real Estate and no foreign investment... the poverty rate in Georgia is exploding ! By next year, the whole country will be for sale. The majority of Georgians would rather catch a virus that has about 0,5% fatality rate than having to go through the imposed misery by the "genius" Bolsheviks billionaires of Davos (Bill Gates, Klaus Schwab) who wants to "rebuild" the world. Lenine and Mao Tse Tung are currently laughing in their grave...

[@kippsguitar6539]

@@didierdenice7456 you are absolutely right, thanks for using your intelligence, it's a scam and creating worldwide poverty and the risk of getting sick for most are extremely minimal, bravo

[@subhashparmar1514]

I want to know about the land rate ( 200 yards)near of the best medical college/University where it is easily accessible for the indian students' to get addmission.

[@sritg]

Could you please help from an Indian perspective, taxes, rental income, Residential permit and visa free travel details...also from education (English) and job opportunities

[@AnI-dz5fp]

What about rustavi its a beautiful city)

[@saveandinvestwithgiorgiolo8375]

Hi anka I agree. I think Georgia is a beautiful undiscovered country but for the purposes of real estate investment Tbilisi I believe would be the best. I am guessing that you are from Rustavi.

[@AnI-dz5fp]

@@saveandinvestwithgiorgiolo8375 no i am from Tbilisi )

[@saveandinvestwithgiorgiolo8375]

I was in Tbilisi last year. Beautiful City. Are you an estate agent?

[@Malvinlethic]

I am hoping to buy a property in Batumi, What you think

[@saveandinvestwithgiorgiolo8375]

Hi malvin I did a video on Batumi several months ago. Please see link below kzbin.info/www/bejne/maSsZI13f72no6s

[@sargon4451]

I think Batumi is where realistically 7% - 8% return on investment is possible (not in Tbilisi where returns are half of that and the lifestyle is less appealing than Batumi). In the medium to long term Batumi real estate has much better prospects because it is a 'mini Manhattan' so basically a dynamic metropolis of high rise buildings and some beautiful parks and the sea with the Turkish border a short drive away and 3 modern airports serving the city.

[@davesc4276]

what is your part in the selling properties in Tbilisi? are you a restate person, lawyer?

[@saveandinvestwithgiorgiolo8375]

Dave neither selling properties or a lawyer

[@mustafahussein9238]

One point I disagree with. There is no cap on rent raise in Dubai. Litteraly during 2012-2015 boom period annual raise in rent bordered 40%

[@saveandinvestwithgiorgiolo8375]

dawwa what do you think of Tbilisi?

[@mustafahussein9238]

@@saveandinvestwithgiorgiolo8375 looks like a lovely city, might worth looking into. Can you make more vids in the future about UAE? I'm sure Abu Dhabi & Ajman still provide good returns.

[@saveandinvestwithgiorgiolo8375]

@@mustafahussein9238 Yes sure it is my plans for the future.

[@ApnaChannel-vd5lo]

Hey

[@saveandinvestwithgiorgiolo8375]

Hey

[@voice.of.reason]

Newcastle UK is dirt cheap easily get a good semi detached for £100K

[@saveandinvestwithgiorgiolo8375]

Newcastle could benefit from the Saudi Arabia takeover as the city will become more know internationally through the football club. Never underestimate the power of football. Yes properties are cheap in Newcastle and good night life as well

[@moimoi3896]

very expensive at that price !

[@saveandinvestwithgiorgiolo8375]

Surprised you think prices are expensive

[@sshetty9683]

I want to buy business hostel or business property. What can i get in $200000k

[@saveandinvestwithgiorgiolo8375]

Hi S Shetty I am not an expert in this matter but I think it would cost nearer 400-500K USD to buy a large business hostel in Tbilisi. I think with 200K USD you should be able to buy a hotel size 500-700 SQ Metres perhaps with 5-6 rooms or a fairly small hostel. Anybody on here that can give further help to S Shetty

[@sshetty9683]

@@saveandinvestwithgiorgiolo8375 Thanks. I can also take a loan from bank right. Can i get that ftom georgia bank for 50% of property price.

[@saveandinvestwithgiorgiolo8375]

@@sshetty9683 Unfortunately it can be difficult to get a mortgage in Georgia and interest rates are very high. The Bank of Georgia is trying to make it easier and this will change but for now I can only recommend a cash purchase.

[@didierdenice7456]

Agree on all... however... 2019 is over ! Tourism is now dead and will not come back any time soon... and without tourism Georgia is a basket case. I subscribed 😀 !

[@saveandinvestwithgiorgiolo8375]

Agreed Didier 2020 has been a terrible year. I am hoping by this time next year we will be back to some kind of normality. Many thanks for subscribing!!!!!!

[@SananSanani]

2020 has been the most profitable year for me in regards to Tbilisi Real estate.. Actually now is the best time to purchase properties for pennies on the dollar while there are many motivated sellers ...

[@saveandinvestwithgiorgiolo8375]

@@SananSanani Agree with you 100%

[@babyfox205]

Could someone recommend where to look for the properties? Which websites or agencies are legit and not full of scams for example? (I don't know if some are full of scams but I'm from USA and here craigslist is full of scam as you know 😆)

[@didierdenice7456]

@@babyfox205 No website. Just a few reliable agents... but for that you would have to come to Georgia first and already have an idea of what you like ! Or contact "Nomad Capitalist" who puts videos regularly here on youtube. kzbin.info/www/bejne/b5K8aZJ6friAgJI

[@investglobal0707]

60-70K is well over priced for tbilisi！I Would rather get property in metropol cities such as Istanbul or Dubai paying same price and receive better yield！

[@saveandinvestwithgiorgiolo8375]

60-70K in Dubai!!!

[@videodavay]

Sounds like an expert 🤣 BTW Istanbul returns one of the poorest yields on the globe.

[@MC-MALTA]

Stop your Bs Please

[@saveandinvestwithgiorgiolo8375]

?????

[@shabbos-goy9407]

troll fool

[@saveandinvestwithgiorgiolo8375]

@@shabbos-goy9407 Agree 100%

[@tylenstark2394]

Definitely thinking of investing in Tblisi. Let me know how to contact you and discuss this....