Acquiring Real Estate as a Foreigner: the Legal Basis
In Georgia the acquisition of real estate by a foreigner takes place within the same civil-law framework that applies to local buyers: the transaction is concluded in written form, and the right of ownership passes through registration in the public registry. Acquiring an immovable requires the conclusion of the transaction in written form and the registration, upon the acquirer, of the right of ownership defined by that transaction in the public registry. This requirement extends to every acquirer, and where it is violated the transfer of ownership does not take place.
At the same time it must be said plainly: civil legislation generally treats the acquisition of property by foreigners as permitted, although for individual categories — agricultural land, for example — restrictions may be established by special legislation. The content and scope of such restrictions are determined precisely by those laws, and taking them into account before the transaction is essential. Before each concrete acquisition it is therefore necessary to check whether a special rule applies to your object.