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%