Buy Tbilisi Property from Abroad: Maqro City Lets Foreigners Close Almost Entirely Remotely

Maqro City makes remote buying real for real estate Georgia investors

If you follow real estate Georgia, this is one to watch: Maqro Development has launched a buying process that lets foreign buyers sign a preliminary sales contract from overseas and only travel to Tbilisi for the final registration step. That simple change reshapes how non-resident investors can approach Georgian property, given the country’s unusually investor-friendly tax and ownership rules.

Quick snapshot

• Development size: Maqro City is 100,000 sq. m, with 17 buildings and 4,000 apartments.
• Remote purchase: Preliminary purchase agreements can be signed remotely; final ownership registration requires in-person appearance at the National Agency of Public Registry.
• Finance and handover: Units are delivered move-in ready, with built-in kitchen appliances and fitted bathrooms, and are available on a 0% internal installment plan from the developer.
• Tax regime: There is no purchase tax on residential property and rental income is taxed at a flat 5% for both residents and non-residents.

These facts matter because they reduce two common frictions for cross-border buyers: paperwork and practical management. Maqro Management offers day-to-day operations and letting, which streamlines the absentee ownership model.

What the remote purchase option actually means

Maqro Development has reworked the sales flow so that the part that usually nags buyers who are abroad is handled without travel. Under the announced process:

• A prospective buyer can sign the preliminary purchase agreement from outside Georgia.
• Staged payments are possible under the developer’s 0% internal installment plan, avoiding immediate bank mortgage arrangements.
• The buyer must appear in person only once, for the final ownership registration recorded at the National Agency of Public Registry.

That final step is not optional. The developer’s approach reduces travel and coordination but does not remove the legal requirement to register ownership in person. From a practical standpoint, investors who value control over title transfers will welcome the reduced travel demand; those who hoped to delegate the entire process should budget for that single trip.

Why foreign buyers are increasing activity in Tbilisi

Recent market numbers show rising foreign appetite for new apartments. Research firm Galt & Taggart reports that the proportion of new-build sales to Georgian citizens fell from 85% in 2023 to 77% in 2025, leaving non-Georgian purchasers with close to a quarter of transactions. In 2025:

• 42,388 apartments were sold in Tbilisi.
• Total transaction value was about $3.57 billion.
• The average residential rental yield was 8.6%.

Those figures explain why developers and management companies are building processes for foreign owners. The combination of fiscal clarity and relatively high yields is attractive. Key legal and tax features that make Georgia stand out are:

• No purchase tax on residential property.
• Flat 5% tax on rental income.
• Foreign nationals buy property on the same terms as Georgian citizens, with no special permit, no residency requirement, and no local partner needed.

Operational features of Maqro City add to the financial case. Units come finished and leased-ready; Maqro Management will handle letting and day-to-day operations for absentee owners. That reduces renovation risk and the time cost of finding tenants across time zones.

How the purchase flow works: a step-by-step guide for non-residents

Below is an investor-focused sequence that explains what to expect when buying a Maqro City apartment from abroad. This is a practical outline, not legal advice. We recommend engaging local counsel for contract review and final registration planning.

1. Initial contact and due diligence
   • Contact the developer or an authorized agent to view floorplans, pricing, and payment schedules.
   • Request copies of planning permits, construction timelines, and title checks.
2. Remote signing of the preliminary purchase agreement
   • The developer allows signing this contract from abroad. Keep records of the executed agreement and payment schedule.
3. Payments under the 0% internal installment plan
   • Buyers can make staged payments during construction without using a bank mortgage.
4. Handover and unit completion
   • Units are finished with fitted bathrooms and built-in kitchen appliances. That reduces the need to manage renovations remotely.
5. Final registration in Georgia
   • The buyer must be present to register ownership at the National Agency of Public Registry. This is the one mandatory in-country step described by the developer.
6. Ongoing management and letting
   • Maqro Management offers property management and tenant sourcing for absentee owners.

Practical advice we use when advising clients: verify the developer’s warranties in writing, confirm what constitutes final acceptance, and ask for a transparent management fee schedule before signing. Expect to coordinate at least one trip to Tbilisi, and plan the timing of that visit to match the registration window.

Investment math: yields, costs and a sample scenario

The headline statistic for Tbilisi new-builds in 2025 is an average rental yield of 8.6%. That is a gross figure and should be converted into net yield when you calculate expected returns. Key elements to include in your model are:

• Gross rental yield (rental income divided by purchase price).
• Taxes: a flat 5% tax on rental income reduces the top-line figure.
• Management fees: an external manager will charge for tenant sourcing, rent collection and maintenance oversight.
• Vacancy and maintenance: budget for empty months and repairs.
• Currency exposure: rental contracts may be in lari or in foreign currency, which creates exchange-rate risk for overseas owners.

Example calculation (illustrative):

• Purchase price: $100,000.
• Gross rental income at 8.6%: $8,600 per year.
• Rental income tax at 5%: $430.
• Assume a management fee of 10% of rent: $860.
• After-tax, after-management rent: $8,600 - $430 - $860 = $7,310.
• Net yield: 7.31% on purchase price.

That example shows why the headline 8.6% figure is attractive, but why investors must include operating costs and tax in their calculations. If management fees are higher, or if vacancy periods are longer, net yields can compress.

We also note the effect of the developer’s 0% installment plan. Avoiding a bank mortgage reduces interest expense and can boost cash-on-cash returns during the construction period.