Among Tbilisi districts with a solid sample, which had the highest primary price per m² in December 2025?

1. Gldani, at about $1,038/m²
2. Samgori, at about $1,065/m²
3. Didube, at about $1,352/m²
4. Vake, at about $2,781/m²

A new 80 m² flat in Vake is priced at the district average of $2,781/m². What is the price, in USD?

Which listed Tbilisi district had the lowest primary price in December 2025?

1. Vake
2. Saburtalo
3. Gldani, at about $1,038/m²
4. Krtsanisi

What was the average primary price in Saburtalo in December 2025?

1. About $2,781/m²
2. About $1,038/m²
3. About $1,613/m²
4. About $3,294/m²

A client sees that Mtatsminda shows $3,294/m² for new builds. How should you present this figure?

1. As the highest figure, but based on a small sample, so to be used with care
2. As the official Tbilisi average
3. As proof that prices fell
4. As the price of the whole city centre in 2026

Which two Tbilisi districts had almost the same primary price, about $1,350/m², in December 2025?

1. Vake and Gldani
2. Mtatsminda and Samgori
3. Saburtalo and Gldani
4. Isani and Didube

Which part of Tbilisi is known for the Abanotubani sulphur baths and the Narikala fortress?

1. Gldani
2. Old Tbilisi
3. Saburtalo
4. Didube

What does the Mtatsminda district take its name from?

1. A Batumi beach
2. Mount Mtatsminda, the hill above the centre with the funicular and the TV tower
3. A Soviet factory
4. A lake north of the city

Where is Batumi?

1. On the Caspian Sea
2. In the mountains north of Tbilisi
3. On the border with Armenia
4. On the Black Sea coast, as the capital of the Autonomous Republic of Adjara

How do prices in Old Batumi compare with the periphery?

1. Old Batumi is above $3,000/m², while the periphery is below $1,500/m²
2. They are the same everywhere
3. The periphery is twice as expensive
4. Old Batumi is below $1,000/m²

Where is Gonio?

1. North of Tbilisi
2. Inside Old Tbilisi
3. South of Batumi, towards the Turkish border, known for its old fortress
4. On the road to Kutaisi

Where is Makhinjauri?

1. In the centre of Tbilisi
2. South of Gonio
3. Just north of Batumi on the coast, near the Batumi Botanical Garden
4. Inland near Kutaisi

What characterises the New Boulevard area of Batumi?

1. A seafront extension south of the old centre, lined with new high-rise residential towers
2. Old wooden houses from the 19th century
3. Farmland
4. An industrial port zone

What was the average primary (white frame) price in Tbilisi in December 2025?

1. About $2,781/m²
2. About $900/m²
3. About $1,865/m²
4. About $1,373/m², up 4.0%

Which river flows through Tbilisi?

1. The Rioni
2. The Mtkvari (Kura)
3. The Danube
4. The Chorokhi

How would you describe Vera to a newcomer?

1. A new suburb at the edge of Batumi
2. A central, older neighbourhood between Rustaveli Avenue and Vake
3. A district of Soviet tower blocks in the far north
4. A ski resort

What was the average turnkey price in Batumi in 2025?

1. About $1,038/m²
2. About $3,294/m²
3. About $1,200/m², down from 2024
4. About $1,865/m², up from $1,699/m² in 2024

Batumi's average turnkey price went from $1,569/m² in 2023 to $1,865/m² in 2025. What is the rise, in percent, rounded?

Which Tbilisi district came right after Saburtalo in the December 2025 primary price ranking?

1. Gldani
2. Nadzaladevi
3. Krtsanisi, at about $1,575/m²
4. Didi Dighomi

A buyer has $120,000 for a 70 m² new flat in Tbilisi. Based on December 2025 district averages, which district fits the budget?

1. Vake, at about $2,781/m²
2. Mtatsminda, at about $3,294/m²
3. Saburtalo, at about $1,613/m²
4. None of the districts listed by Galt & Taggart

Compare a 60 m² new flat in Vake ($2,781/m²) with one in Gldani ($1,038/m²). What is the price difference, in USD?

What is Didube known for?

1. The sulphur baths
2. Batumi's Old Boulevard
3. The Gonio fortress
4. A northern district with a major bus station and a metro stop of the same name

An Israeli client asks whether a foreigner can buy an apartment in Batumi. What do you say?

1. No, foreigners can only rent
2. Only with a Georgian partner
3. Yes, foreigners can buy apartments freely, on the same terms as Georgians
4. Only after 5 years of residence

A client wants to buy a vineyard plot in the countryside in his own name. What do you tell him?

1. No problem, buy it in his name
2. Just ask the seller to call it residential
3. Agricultural land is restricted for foreigners, so he needs a lawyer before going further
4. Buy it through the agency's name

A buyer with 120,000 USD wants a flat that gives him residence. What do you explain?

1. Since 1 March 2026 the property-based residence threshold is 150,000 USD market value
2. Any purchase gives residence
3. 100,000 USD is still enough
4. Residence by property no longer exists

A buyer asks whether he must go to a notary to buy. What is accurate?

1. Yes, a notary is required for every sale
2. Only the agent can sign
3. The National Bank signs the deal
4. Not always: the contract can be signed at the Public Registry or the House of Justice

A client in Tel Aviv cannot travel for the signing. What can he use?

1. A voice message
2. A notarised and apostilled power of attorney
3. The agent's signature on his behalf, with no document
4. A scan of his passport

A developer asks your client for a 10% deposit, says it is non-refundable and holds no escrow. What do you advise?

1. Pay at once before the price rises
2. Ask in writing how the deposit is held, and check the permit, the developer's record and the registry extract before paying
3. Pay the deposit to the agent instead
4. Ignore the contract, deposits are always refunded

An investor asks you to guarantee a 10% yield in Batumi. What do you answer?

1. Yes, 10% is guaranteed
2. Yields are always 20% in Batumi
3. Yields do not matter in Georgia
4. You cannot guarantee a yield; gross yields fell from 8.8% to 7.4% in 2025, and you can show him the data

A foreign friend wants to start next month as an agent in your Tbilisi agency. What must happen first?

1. He needs a work permit, required for most foreigners since 1 March 2026
2. Nothing, a visa-free stay is enough
3. Only GNARE membership
4. Only a business card

A foreign agent has been self-employed in Batumi since 2025 without a permit. What should you tell him?

1. He is exempt for life
2. He has until 2030
3. Enforcement for self-employed people already operating started on 1 May 2026, so he needs the permit now
4. The rule only applies in Tbilisi

A colleague with an investment residence permit says he does not need a work permit. What is the careful answer?

1. He is definitely exempt
2. He definitely needs two permits
3. Sources disagree on this exemption, so he should get written legal confirmation
4. Residence permits replace all labour rules

A new agent plans his taxes on the 1% Small Business Status. What do you warn him about?

1. Law firms report that real estate brokerage is excluded from the status, so he must check with a tax adviser
2. Brokers pay 0%
3. The status applies to every activity
4. There is no tax in Georgia

A buyer of a new-build flat in Batumi asks how much commission he will pay you. What is the usual answer?

1. 10% of the price
2. 3% plus a registration fee to you
3. A fixed 5,000 USD
4. Usually nothing: the developer pays the agency on new builds

A Tbilisi seller asks what agents usually charge on a resale. What do you say?

1. 15%
2. About 3%, negotiable and usually paid by the seller, with 2% to 3% also common
3. Nothing, agents are paid by the state
4. 1% paid by the buyer only

A client wants to browse listings himself. Which sites do you point him to?

1. Only the National Bank website
2. myhome.ge, ss.ge and korter.ge for new builds
3. Only GNARE's site
4. There are no listing portals in Georgia

Your agency in Batumi targets foreign buyers. Which channels do local agencies rely on most?

1. Fax and letters
2. Only walk-in visits
3. Only Georgian-language newspapers
4. WhatsApp and Telegram, in Russian and English

A buyer asks about the yearly property tax on his Tbilisi flat. What do you answer?

1. It depends on household income and the municipality, with an exemption under 40,000 GEL; he should confirm with the Revenue Service
2. A flat 5% a year
3. Nothing, ever, for anyone
4. It is paid to the agent

A client bought a flat 18 months ago and wants to sell now for a gain. What should he know?

1. He pays 20% whatever the timing
2. He pays nothing either way
3. Selling within 2 years means 5% tax on the gain; waiting past 2 years removes it
4. He must wait 10 years to sell

A client asks where he can complain about an agent to a licensing body. What is the honest answer?

1. The National Bank licenses all agents
2. The Public Registry suspends agent licences
3. There is no licence or supervisor for agents; GNARE certification is a voluntary signal he can check
4. Every agent is registered with the police

A buyer in Batumi worries about oversupply. What is a fair answer?

1. There were about 12,400 unsold apartments in surveyed projects at end-2025, so the choice of building and location matters
2. There is no unsold stock
3. Oversupply only exists in Tbilisi
4. Prices will double next year

A client's flat is appraised at 140,000 USD and he wants property-based residence. How much more value, in USD, does he need to reach the threshold?

Can foreigners buy apartments in Georgia?

1. Yes, freely, on the same terms as Georgian citizens
2. No, only through a Georgian company
3. Only in Batumi
4. Only with a 99-year lease

What is the rule on agricultural land for foreigners?

1. It is open to everyone
2. Foreigners can buy up to 10 hectares
3. It is restricted to Georgian citizens and entities, with exceptions such as inheritance and approved investment plans
4. Only Batumi farmland is restricted

What property value is needed for a property-based temporary residence permit since 1 March 2026?

1. 100,000 USD
2. 35,000 USD
3. 150,000 USD market value
4. 1,000,000 USD

How is the value for the property-based residence permit assessed?

1. By certified appraisal, and several properties can be combined
2. By the purchase price only, one property only
3. By the agent's estimate
4. By the developer's brochure

A client got residence under the old 100,000 USD rule and still owns the flat. Can he renew after March 2026?

1. No, he must buy more property at once
2. No, the permit is cancelled
3. Only if he sells and rebuys
4. Yes: existing holders can keep renewing under the old rules while they keep the property

What does the investment residence permit require?

1. 100,000 USD for 1 year
2. An investment from 300,000 USD, which can include real estate valued by an auditor; it lasts 5 years and can lead to permanent residence
3. Any purchase, for life
4. A GNARE certificate

A client owns two flats appraised at 70,000 USD and 85,000 USD. By how much, in USD, does the combined value exceed the 150,000 USD residence threshold?

What was the average rental yield in Tbilisi in December 2025, according to Galt & Taggart?

1. About 2%
2. About 15%
3. About 0.5%
4. About 8.6%

How did Batumi's gross rental yield change in 2025?

1. It fell from 8.8% to 7.4%
2. It rose from 4% to 12%
3. It stayed at 10%
4. It dropped to 1%

Average rent in Tbilisi was $9.8/m² per month in December 2025. What is the yearly gross rent for a 60 m² flat, in USD?

How many apartments were sold in Tbilisi in 2025?

1. 4,238, down 40%
2. 142,388
3. 42,388, up 4.3%
4. 17,478

How many apartments were sold in Batumi in 2025?

1. 17,478, up 15%, for a market of about $1.3bn
2. 42,388
3. 1,748
4. 170,000

What share of Batumi apartment sales went to foreigners in 2025?

1. 5%
2. 90%
3. None, foreigners cannot buy
4. 52%, with Israelis at 13% of all sales

Who buys in Tbilisi, according to Colliers?

1. Mostly Russians
2. About 90% Georgians, 4% Israelis and 2% Russians
3. About 52% foreigners
4. Mostly Gulf investors

According to Colliers in December 2025, what was the mix of buyers in Batumi?

1. About 90% Georgian
2. About 50% Georgian, 16% Russian and 9% Ukrainian
3. About 50% Gulf buyers
4. About 80% Israeli

What is the 2026 outlook for Tbilisi from Galt & Taggart?

1. A 30% price crash
2. Prices doubling
3. A ban on new projects
4. Flat demand and single-digit price growth

What is the 2026 outlook for Batumi?

1. Primary sales flat, prices up 4% to 6%
2. Prices down 30%
3. Sales doubling
4. No new projects

What happened to Tbilisi apartment sales in July 2026?

1. Sales stopped
2. Sales fell 50%
3. 4,409 apartments were sold, up 22% year on year, worth $395m
4. Only 400 apartments were sold

How did Batumi perform in the first half of 2026?

1. Sales fell by half
2. Only Georgians bought
3. 7,838 apartments sold, up 11.4%, worth $507m
4. No sales were recorded

In August 2026, 1,235 apartments were sold in Batumi, and foreign buyers made up 52%. About how many apartments did foreigners buy?

What is the Public Registry fee, in GEL, to register a change of property right in 4 working days?

What is the Public Registry fee, in GEL, for same-day registration of a property right?

How much more, in GEL, does same-day registration cost than the 1-working-day option?

Is there a transfer tax or stamp duty when buying property in Georgia?

1. Yes, 10% of the price
2. Yes, 4% for foreigners only
3. No
4. Yes, 1% paid to the agent

An individual sells a residential flat 18 months after buying it, with a gain of 20,000 USD. At 5%, what is the tax, in USD?

An individual sells a residential flat 3 years after buying it, with a gain of 25,000 USD. What is the tax on the gain, in USD?

A commercial property is sold within 2 years with a gain of 30,000 USD. At the 20% rate, what is the tax, in USD?

An owner lets a flat for 800 USD a month and uses the 5% residential rental regime. What is the yearly tax, in USD?

The same owner (9,600 USD a year in rent) does not use the 5% regime and pays 20% instead. How much more tax does he pay per year, in USD?

A resale flat sells for 150,000 USD with a 3% commission. What is the commission, in USD?

A buyer-side fee is 2.5% with a minimum of 7,500 GEL (plus VAT). On a 250,000 GEL purchase, what fee applies before VAT, in GEL?

With the same 2.5% buyer-side fee and 7,500 GEL minimum, what is the fee on a 400,000 GEL purchase, before VAT, in GEL?

A tenant rents a Tbilisi flat at 1,200 USD a month. The agency charges 50% of one month's rent. What is the fee, in USD?

An individual entrepreneur in an eligible activity has 300,000 GEL turnover under Small Business Status (1% up to 500,000 GEL). What is the tax, in GEL?

An eligible IE has 700,000 GEL turnover. The rate is 1% up to 500,000 GEL and 3% on the part from 500,000 to 1,000,000 GEL. What is the tax, in GEL?

Above what turnover is Small Business Status lost?

1. 100,000 GEL
2. 1,000,000 GEL
3. 500,000 GEL
4. There is no limit

A business keeps advertising prices in a foreign currency after a warning. What penalty follows under the GEL pricing rule?

1. Nothing, the rule is only advice
2. Closure of the business on the first breach
3. A 1% tax on sales
4. 1,000 GEL, then 5,000 GEL for a further breach

Since 1 January 2026, foreign visitors must hold travel medical insurance. What is the minimum cover, in GEL?

In which currency must businesses advertise prices in Georgia since July 2017?

1. USD
2. EUR
3. GEL (lari)
4. Any currency the seller chooses

A completed flat is listed at 100,000 USD. A similar off-plan unit is offered at a 25% discount. What is the off-plan price, in USD?

A Batumi flat costs 90,000 USD. At the 2025 gross yield of 7.4%, what yearly gross rent should it bring, in USD?

An individual's household income is under 40,000 GEL a year. What do sources say about his annual property tax?

1. He pays 1%
2. He pays 5%
3. Foreigners always pay 2%
4. He is exempt, though sources differ on the higher bands, so check with the Revenue Service

Why do Public Registry figures understate new-build sales in Tbilisi?

1. Developers are banned from selling off-plan
2. Foreigners cannot register property
3. Off-plan units are registered late, so registry data lags behind developer sales
4. The registry only counts Batumi

How can an off-plan buyer be recorded at the Public Registry before completion?

1. He cannot be recorded until handover
2. Only through a notary in another country
3. As a future owner, through a pre-purchase agreement
4. By a GNARE certificate

When does an off-plan buyer become the full owner?

1. After completion and the document confirming the building is fit for use
2. On the day he pays the deposit
3. When the agent signs the mandate
4. After 10 years

How long do developer instalment plans typically run in Georgia?

1. About 25 years
2. One month
3. There are no instalment plans
4. About 2 to 3 years

Why do developer instalment plans worry some economists?

1. They are banned by the National Bank
2. They are exempt from National Bank income caps and may not appear at the credit bureau
3. They charge 50% interest
4. They are only available to banks

How low can down payments on developer plans now go, according to SOVA?

1. Never under 50%
2. As low as 0%
3. Always exactly 30%
4. Only 100% cash is accepted

Is there a law requiring escrow accounts or a developer register for off-plan sales in Georgia?

1. Yes, escrow is compulsory since 2020
2. Yes, every developer must be licensed by GNARE
3. Yes, only in Batumi
4. No such law was found for 2024-2026

What discount do off-plan buyers typically get compared with completed units, according to GeorgiaExpats?

1. About 20% to 30%
2. About 1%
3. About 70%
4. No discount at all

What is the usual status of the 10% off-plan deposit?

1. It is always refunded on request
2. It is held by the National Bank
3. It is usually non-refundable
4. It is a fee for the agent

A buyer reserves an off-plan flat at 95,000 USD with the usual 10% deposit. How much is the deposit, in USD?

An off-plan flat costs 120,000 USD. The buyer pays a 10% deposit and the rest in 24 equal interest-free monthly instalments. How much is each instalment, in USD?

A developer says client money is 'perfectly safe'. What is the accurate picture?

1. All deposits are guaranteed by law
2. The Public Registry refunds buyers if a project stops
3. The agent is liable for every deposit
4. Some developers hold deposits in escrow and many do not, so ask how the deposit is held and get it in writing

What did an OC Media analysis of the 2021 Batumi building collapse highlight?

1. A tsunami
2. Illegal alterations and the absence of licensing for architects and construction companies
3. A fault in the Public Registry software
4. A ban on foreign buyers

About how many unsold apartments were there in surveyed Batumi developer projects at the end of 2025?

A client wants to reserve a Batumi off-plan unit tomorrow. Which checks should come first?

1. Only the brochure and the show flat
2. The agent's commission rate
3. The colour of the finishes
4. The building permit, the developer's track record and the Public Registry extract for the plot

Developer plans are mostly in foreign currency and often refinanced by a bank mortgage at handover. What risk should a buyer earning in GEL understand?

1. Currency risk on the plan and the need to qualify for a mortgage at handover
2. No risk, as the GEL is pegged to the USD
3. The developer pays the mortgage
4. Mortgages are not available in Georgia

What did the National Bank of Georgia do in February 2025 for GEL mortgages?

1. Banned GEL mortgages
2. Cut the cap to 30%
3. Raised the loan-to-value cap to 90%
4. Made mortgages interest-free

What change did the National Bank announce on 30 September 2026?

1. A ban on off-plan sales
2. A new escrow law
3. The income threshold for the stricter 25% payment-to-income cap rises to 2,000 GEL on 1 February 2027 and 2,500 GEL on 1 September 2027
4. Zero interest on all mortgages

What was the weighted average new-build price in Batumi in August 2026?

1. About $1,386/m²
2. About $3,500/m²
3. About $600/m²
4. About $2,781/m²

Who usually pays the agency fee on a new-build sale in Georgia?

1. The buyer pays 10%
2. The Public Registry
3. The bank
4. The developer: the buyer usually pays 0%

Does Georgia (the country) require a state licence to work as a real estate agent?

1. Yes, a licence issued by the Public Registry
2. Yes, a licence from the National Bank of Georgia
3. Only in Tbilisi and Batumi
4. No: there is no state licence and no supervisor for agents

Which body is the main professional association for real estate agents in Georgia?

1. GNARE, the Georgian National Association of Real Estate
2. A state real estate regulator under the Ministry of Economy
3. The Tbilisi Chamber of Agents
4. The Batumi Brokers Council

What does GNARE say about its link with the US National Association of REALTORS?

1. It is a branch office of NAR run from the United States
2. It has no international partners
3. It calls itself the only Georgian partner of NAR and the only body allowed to use the REALTOR trademark in Georgia
4. It issues the state licence on behalf of NAR

GNARE's CEPI-accredited certification course costs 750 GEL for members and 900 GEL for others. What does a non-member pay, in GEL?

An agency sends 3 agents to the GNARE certification course: 2 are GNARE members (750 GEL each) and 1 is not (900 GEL). What is the total, in GEL?

Are real estate agents obliged entities under Georgia's anti-money laundering law?

1. Yes, with the same duties as banks
2. Yes, but only for cash deals
3. Only agents who are GNARE members
4. No: agents are not obliged entities, and the Public Registry (NAPR) itself was made an obliged entity

How does MONEYVAL describe the fact that agents are outside the AML law?

1. As full compliance
2. As a moderate shortcoming, with Recommendations 22 and 28 rated Partially Compliant
3. As a minor point with no rating
4. As a reason to suspend Georgia's membership

Since which date do most foreigners without permanent residence need a work permit for paid work in Georgia?

1. 1 January 2024
2. 1 March 2026
3. 1 January 2027
4. There is still no permit requirement

A foreigner plans to work as a self-employed agent, registered as an individual entrepreneur. Does the work permit rule apply to him?

1. No, only employees need it
2. No, IE registration replaces the permit
3. Only if he earns over 15,000 GEL a month
4. Yes: the right to engage in labour activity is needed for self-employment and IE activity too

Which agency issues the work permit (right to engage in labour activity)?

1. The State Employment Promotion Agency, through the labour migration portal
2. The National Agency of Public Registry
3. GNARE
4. The Revenue Service

What is the fine, in GEL, for a first violation of the work permit rule, for the worker and for the employer each?

The fine for working without a permit is 2,000 GEL and is doubled for a repeat offence. What is the fine for a second offence, in GEL?

How long does a work permit application take?

1. 30 calendar days on the standard track, or 10 working days on the expedited track
2. One day at the House of Justice
3. 6 months
4. There is no set time

What fees does Legal.ge give for the work permit?

1. Free of charge
2. 5,000 GEL in all cases
3. 1% of the yearly salary
4. 200 GEL standard and 400 GEL expedited, while another law firm says fees are capped at 500 GEL

An agency wants to hire a foreign agent. What must it usually do first?

1. Nothing, foreigners can be hired at once
2. Post the vacancy on Worknet for 10 working days as a labour market test
3. Ask GNARE for approval
4. Pay a deposit to the National Bank

Which case is exempt from the Worknet labour market test, according to Legal.ge?

1. Any job in Batumi
2. A role paying over 15,000 GEL a month, or a company with International Company status
3. Any agent with GNARE certification
4. Any job lasting under one year

A foreigner was registered as an active labour migrant before 1 March 2026. Until when does he have to get the new work permit?

1. 1 March 2026, with no transition
2. 1 May 2026
3. He never needs one
4. 1 January 2027

From when was the permit rule enforced for self-employed foreigners who were already operating?

1. 1 May 2026
2. 1 January 2027
3. 1 March 2027
4. 1 January 2026

Which foreigners are clearly exempt from the work permit requirement?

1. All tourists staying under one year
2. Anyone with a temporary residence card
3. Permanent residence holders
4. Anyone registered as an individual entrepreneur

Are holders of an investment residence permit exempt from the work permit?

1. Yes, all sources agree
2. No, all sources agree
3. Sources disagree: some law firms list them as exempt and another does not, so get a legal check
4. Only if their property is in Batumi

How does a sole agent usually register a business in Georgia?

1. As an individual entrepreneur at the House of Justice or NAPR, where a tax ID is assigned automatically
2. Through GNARE membership
3. At the National Bank
4. No registration exists for sole traders

An agent wants the 1% Small Business Status for his brokerage income. What should you tell him?

1. Brokerage is the main activity the status was designed for
2. The status is automatic for every IE
3. Brokers pay 0% under the status
4. Law firms report that real estate brokerage is excluded from the status, so he should confirm with a tax adviser