🇬🇪
Georgia
Highest gross yields in CASABROVA at 8–14%; no transfer tax — only a small one-off registration fee (≈GEL 50–200); residence permit from USD 150K real estate (threshold raised 1 Mar 2026)
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Currency Risk
GEL
Golden Visa ✅DTA with Israel ✅156,026 monitored sale listings
Investor Profile:
Currency:
Gross Yield8%–14%
Entry PriceFrom ₾2,024 (₪2,206)/m² · Kutaisi
Purchase Tax0%
CGT Rate5%
Golden Visa❌
Non-Res Mortgage❌
DTA Israel✅
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
TIER 3 — SELECTIVEMacro: 17/30
🇮🇱Israeli74.7/100
🇩🇪German74.3/100
🇫🇷French74.3/100
🇳🇱Dutch74.3/100
🇧🇪Belgian74.3/100
🇬🇧UK74.7/100
🇺🇸US74.6/100
🇨🇦Canadian74.7/100
🇮🇳Indian74.7/100
🇨🇳Chinese74.7/100
🇪🇺Other EU74.7/100
✅ Strengths
- ▸Simplest acquisition (2-day registration); lowest transaction costs
- ▸No rental restrictions; full STR freedom
- ▸Highest gross yields in the CASABROVA cohort: 8–14%
⚠ Risks
- ▸VERY HIGH bubble risk in Batumi — foreign speculation, prices 3–5× above local income
- ▸Political instability (WB −0.61); 2024 election disputes unresolved
- ▸GEL currency risk; not EU — no EPBD, no STR regulation, no investor protections
CASABROVA Verdict
Tbilisi only — avoid Batumi new builds entirely. Strategy: buy-fix-sell within 3–5 years.
Israeli: CASABROVA Score 74.7 (rank #6) for this profile.
Recommended Strategy
Tbilisi only. Short hold (3–5 yr). Local management essential. Hedge GEL exposure.
Based on CASABROVA Waves 1–8, Q1 2026. Not financial or legal advice.