SafeBuy · International research
Compare Georgia and Spain with transparent sample differences, foreign-buyer rules and practical next steps for Georgian property.
| Market | Price benchmark | Gross yield | Annual price growth |
|---|---|---|---|
| Georgia Outside EU · GEL | €1,490/m² Published range: €1,196?€1,822Tbilisi apartment asking listings; 372 sale listings and 381 rental listings. City sample, not a national average. · 2026-09 Within review window · checked 2026-09-07 | 7.2% Tbilisi apartment asking listings; 372 sale listings and 381 rental listings. City sample, not a national average. · 2026-09 Within review window · checked 2026-09-07 | 4.9% New flats and detached houses in Tbilisi only · Q2 2026 versus Q2 2025 Within review window · checked 2026-09-07 |
| Spain EU · EUR | €2,924/m² Spain — national advertised resale housing · August 2026 Within review window · checked 2026-09-07 | 5.45% Selected urban apartment listings: Madrid, Barcelona and nine other city/area markets · Q1 2026 Within review window · checked 2026-09-07 | 12.9% National residential property transactions · Q4 2025 versus Q4 2024 Within review window · checked 2026-09-07 |
SafeBuy interpretation
This is a comparison between a Georgian city listing sample and broader Spanish research. The sample labels are part of the evidence. A Tbilisi asking-price yield should not be read as a completed-sale return for Georgia as a whole.
An investor considering land needs a separate ownership review from someone buying an apartment. Read each country's restrictions and verify the legal classification of the actual parcel before negotiating a purchase.
SafeBuy operates commercially in Georgia. If Georgia stays on your shortlist, you can continue to current listings, property valuation and registry checking, or request a call with David Lee. That commercial relationship does not change the numeric ranking.
Georgia's Civil Code permits persons from other countries to participate in private-law property transactions. Acquisition of immovable property requires a written transaction and registration. Check the parcel's actual registered category and encumbrances; a property advertisement is not proof of title.
Sourced rule · reviewed 2026-09-07
The Organic Law restricts foreign ownership of agricultural land. Exceptions include inheritance and certain Georgian entities with a government-approved investment plan. Forming a local company alone does not remove the restriction. A house situated on agricultural land needs review of the underlying parcel.
Sourced rule · reviewed 2026-09-07
NAPR lists registration of an immovable-property right at GEL 150 within four working days. Faster processing and other services have separate charges. Legal review, translation, surveying and any transaction-specific taxes are additional; this fee is not a total acquisition-cost estimate.
Sourced rule · reviewed 2026-09-07
The State Services Development Agency lists a short-term residence route for non-agricultural immovable property with an independently assessed market value exceeding USD 150,000 equivalent in GEL. It requires an application, lawful-stay evidence, title and an accredited valuation. Purchase price alone does not establish eligibility.
Sourced rule · reviewed 2026-09-07
The sourced tax concession is expressly tied to residential letting. Before modelling a holiday apartment, confirm the accommodation activity's tax and operating treatment and any building restrictions. This dataset has not verified a nationwide short-term-rental licensing position.
Sourced rule · reviewed 2026-09-07
Foreign buyers can purchase Spanish property and need a NIE identification number for the transaction. Obtain the land-registry extract and check the owner's title, charges and the property's legal status. Non-EU nationals can require a military permit in designated defence zones; exemptions depend on the exact location.
Sourced rule · reviewed 2026-09-07
Used housing is subject to the relevant autonomous community's transfer tax; Madrid's general property-transfer rate is 6%. New housing normally attracts 10% VAT, with specific reduced-rate exceptions. Other duties, registration, notarial and professional costs may be additional. Neither rate is a nationwide all-in buying cost.
Sourced rule · reviewed 2026-09-07
Spain's consular guidance states that investor visas were abolished from 3 April 2025. A new property purchase should not be presented as a route to an investor visa. Existing applications or authorisations require review under their transitional rules.
Sourced rule · reviewed 2026-09-07
Barcelona's municipal housing publication records the plan not to renew its tourist-flat permissions, with a phase-out intended for November 2028. This is a city-specific policy. Before underwriting any Spanish holiday let, verify municipal and regional permissions and condominium rules for that address.
Sourced rule · reviewed 2026-09-07
Your next step in Georgia
Request a free call with David Lee, SafeBuy’s co-founder and a British investor in Georgian property and land. Discuss your budget, the practical buying process and the checks a specific property needs.
SafeBuy provides purchase support in Georgia. Our international research is free to use. The call is optional and carries no obligation.
If Georgia fits your shortlist, SafeBuy connects the research to actual properties and local purchase support. Check the property and land classification before committing.