Georgia

Buying Real Estate With Cryptocurrency in Georgia

Discover Georgia: A Crypto-Friendly Oasis

With minimal regulations and extremely fast transactions, Georgia is a dream destination for converting your crypto into real estate. There is minimal bureaucracy and paperwork. Your lawyers will handle the small amount of paperwork and legal requirements. 
All legal information about a property required for a purchase can usually be obtained within hours. In Georgia real estate transactions are very fast: even when involving crypto you can usually have the keys to your new property within weeks or even days.
If you also wish to reside in Georgia our legal partners can also help with that and any other matters such as opening bank accounts.
Contact us today to buy real estate in Georgia with your crypto gains.

 

Georgia is renowned as a crypto-friendly nation with a legal framework that supports the ownership and trading of cryptocurrencies. The absence of government regulations and abundant and affordable hydroelectric power have positioned Georgia as a hub for crypto-mining activities. As cryptocurrencies aren’t classified as legal tender in Georgia, there are currently no impediments to their utilization in the form of barter transactions

Where Tradition Meets Modernity

Nestled in the heart of the South Caucasus, Georgia is a land of remarkable diversity, seamlessly blending tradition with modernity. Georgia provides an authentically unique living experience enriched by its rich cultural heritage and celebrated culinary offerings, including local wines and cuisine. Georgia ranks 20th globally for safety, surpassing countries like the Netherlands, Finland, and Austria. Moreover, Georgia is known for its affordability, making it an attractive destination for those seeking a high quality of life without breaking the bank.

A Business-Friendly Haven for Entrepreneurs

The Georgian government is taking proactive measures to foster startups and attract investors, establishing itself as one of the world’s most business-friendly nations. The World Bank has consistently ranked Georgia as a top destination for ease of doing business, with an impressive 7th place in 2019. The government has simplified bureaucracy and adopted minimal regulations, creating a hassle-free environment for businesses to thrive.

Georgia's Booming Real Estate Market

The country’s real estate market is experiencing significant growth, garnering attention from investors around the globe. Georgia offers some of the most affordable real estate prices among European capital cities. Additionally, Georgia has witnessed significant infrastructure development, achieving an average GDP growth rate exceeding 4.5 percent annually from 2011 to 2022.

Lucrative Rental Yields

Steady growth and promising opportunities are the hallmarks of the Georgia rental market. With an average gross rental yield standing at an impressive 7.85% in Q1 2024, the state has managed to retain its strong position despite experiencing a slight dip from the 9.01% milestone achieved in Q3, 2023. It’s crucial to look beyond the figures, to the underlying story of a consistent and resilient market poised for more growth. The Georgia rental market isn’t just about the present appeal; it’s about future potential.

Globally, Georgia confidently secures the 4th position in rental yields, trailing behind South Africa, Puerto Rico, and Ireland. This strong standing isn’t merely a testament to the current state of affairs but an indicator of an emerging market that’s starting to attract substantial investor interest. Given the consistent performance and promising potential, Georgia’s rental market is turning into a hotspot for investors around the globe, who are looking for robust and stable returns in a steadily growing market.

Invest in Georgia: No Boundaries, Just Opportunities

Remarkably, you can buy real estate without ever setting foot in Georgia. With the help of a Power of Attorney, remote property purchases are entirely feasible. Furthermore, acquiring property valued at over $100,000 opens the door to applying for a renewable annual temporary residency permit, not just for you but for your immediate family.

Tourism and Real Estate: A Winning Combination

Tourism in Georgia is rebounding after the hardships posed by the COVID-19 pandemic. The promising upward growth trajectory observed before 2020 is getting back on track, with the 2023 season showing signs of revival. For longer-term rentals, the capital city, Tbilisi, is witnessing a notable surge in demand, driven by residents migrating from rural areas and expatriates seeking an affordable cost of living in a country benefiting from simplified bureaucracy and regulations.
In conclusion, Georgia offers a promising landscape for crypto owners interested in the real estate market. With its business-welcoming environment, affordability, and crypto-friendly policies, Georgia presents a unique opportunity for those looking to diversify their assets and embrace the future of real estate with cryptocurrency. Explore the possibilities, and start your journey to Georgian real estate today.

Disclaimer: As we are trying our best to give you unbiased information, we kindly ask you to conduct thorough research, assess market conditions, and consider your own preferences and objectives before making a decision. Additionally, consulting with local real estate experts or agents can provide valuable insights into specific opportunities within the Georgian property market.