The cost of buying property in Georgia: taxes & fees
If you’re considering buying property in Georgia, it’s essential to understand the financial obligations involved. This guide outlines the one-off purchase costs and recurring expenses you should expect.
Georgia offers an attractive property market, but it’s crucial to budget for taxes and legal fees that come with ownership. Always seek advice from local experts for the most accurate information.
One-Off Purchase Costs
When purchasing property in Georgia, you will encounter several one-off costs on top of the property price. These typically include the transfer tax, notary fees, registration fees, and legal or conveyancing fees.
- Transfer tax generally ranges from 1% to 2% of the property value.
- Notary fees can vary, but expect around 0.5% to 1% of the purchase price.
- Registration fees typically amount to 0.1% to 0.5%.
Total Percentage Estimate
In total, you should anticipate one-off costs to range from approximately 2% to 4% of the property's value. This varies by region and specific circumstances.
Example Calculation
For a property priced at €100,000, if we assume a transfer tax of 2%, notary fees of 0.5%, and registration fees of 0.2%, the costs would be calculated as follows:
Transfer tax: €2,000, Notary fees: €500, Registration fees: €200, Total one-off costs: €2,700. This would bring your total budget to €102,700 for a €100,000 property.
Recurring Costs of Ownership
Once you own a property in Georgia, expect to budget for several recurring expenses. Annual property tax rates can vary, typically around 0.1% to 1% of the property’s assessed value.
You might also need to consider community or condominium fees, along with utilities and insurance.
- Annual property tax: approximately 0.1% to 1% of the property value.
- Community fees (if applicable): Varied based on property management.
- Utilities: Monthly costs will depend on usage and can vary widely.
Mortgage Costs for Non-Residents
Non-residents can obtain mortgages in Georgia, but terms and availability may differ from those available to residents. It’s advisable to consult with local banks or mortgage brokers for tailored advice.
Always check interest rates and potential fees associated with securing a mortgage.
Final Considerations
It's wise to remain informed about changing regulations, as taxes and fees can evolve based on government policies or local rules. Working with a reliable local lawyer or accountant is recommended to navigate these complexities.
For the most current information, consult local government resources and legal professionals.
Frequently asked questions
What is the average property transfer tax in Georgia?
Generally, the transfer tax in Georgia ranges from 1% to 2% of the property's market value.
How much should I budget for notary fees?
Notary fees typically range from 0.5% to 1% of the property's purchase price.
Are there any recurring costs after buying a property?
Yes, you will likely face annual property tax, community fees, utilities, and insurance.
Can non-residents get a mortgage in Georgia?
Yes, non-residents can secure mortgages, but terms and eligibility may differ from those for residents.
Where can I find updated tax regulations for property buyers?
For the latest information, consult official Georgian government websites or a qualified local lawyer.
This guide is general information, not legal, tax or immigration advice. Rules change — verify the current position with official sources and a qualified professional before acting. Last reviewed September 2026.