For reference — general market rules, not the developer’s terms
Yes. Foreign nationals may freely buy apartments and non-residential property in Georgia on the same terms as citizens. The transaction is registered with the Public Registry (NAPR).
For projects under construction, the developer can register a future ownership right to your apartment with the Public Registry. This secures your rights to a specific unit before the building is commissioned.
Copy the property’s cadastral code and paste it into the search on the NAPR public cadastral map. There you will see the plot boundaries and registered rights.
Bana Development is a residential project by Bana Development at Tamar Mepe Ave, 62 | Iberia St, 2 (Makhinjauri, Batumi). It has 12 floors, 155 apartments, monolithic-frame construction, apartments delivered in green frame, turn key condition. Two 12-storey buildings (blocks A and B) 35 m from the sea at 62 Queen Tamar Ave, Makhinjauri, next to the Botanical Garden. Studios 31.4 m2, 1-bedroom 47.3 m2, 2-bedroom 63.6 m2, delivered in green frame (aluminium composite facade, aluminium double glazing, plastered pumice-block walls, screed, suspended ceilings, wiring, heating pipes, A/C points, meters); prices from 110,000 GEL, 20% down payment, 0% installment.