Mortgage: favorable conditions for our clients

Thanks to many favorable factors - warm climate, beautiful landscape, and more specifically, mountains, plains, lakes, the sea, various climatic conditions, from arid to subtropics, hospitable people, Georgia attracts the attention of many guests from other countries. Many of them rent apartments, apartments, houses, and also acquire them as property. 

Can a foreigner get a mortgage in Georgia?

Recently, a new service has become popular - the possibility buy housing in Georgia with a mortgage. 

If you do not have enough money to pay for the purchase of the desired home, you can use a mortgage loan from a bank, but due to the large number of applications, the terms for issuing a loan have been extended. It is much easier to buy housing in a completed home with a mortgage than in one under construction. In Georgia, this is also possible for citizens of Russia, Belarus, Ukraine and other countries.

It is possible to purchase real estate in installments and from the developer. Many construction companies have changed the terms of loyalty and offer interest-free installments for a sufficiently long period. This is especially beneficial, since the interest on lending in Georgian banks is quite high. Quite often, buyers take a mortgage on inexpensive housing. 

how to get a loan to buy an apartment?

The buyer needs to open or have an account in any bank in Georgia. Buyers with a good credit history will have no difficulty in obtaining a mortgage loan. After you select a unit of real estate for yourself, negotiate with the seller, clarify all the specific details about the amount, terms and methods of payment, you need to check the authenticity of the data on the website of the State Register of Real Estate https://napr.gov.ge. 

If all the nuances are agreed and you are sure of your choice, and the seller agrees to wait. As long as the bank gives you a loan, you can start applying for a mortgage. An employee of the bank will provide you with the information you are interested in and submit your application for consideration. When the loan is approved by the bank, routine procedures are carried out for payment and registration of the housing you purchased in the unified State Register.

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