Mortgage and instalments in Batumi
Two ways to buy without the full amount: a Georgian bank loan or an interest-free developer plan.
Georgian banks lend to non-residents at 11–14 % per year with a 30–50 % down payment and terms up to 10–15 years. You need proof of income and a Georgian bank account.
Developer instalments are usually interest-free, need no bank or paperwork, and run for 12–30 months until completion with a 20–30 % down payment.
Mortgage
11–14 % rate, 30–50 % down payment, up to 15 years.
Instalments
0 % interest, from 20 % down, until the building is delivered.
Documents
Passport, Georgian bank account, income proof for a mortgage.
Which one to pick
Instalments cost less overall but demand large monthly payments; a mortgage spreads the load at 11–14 % a year.
With 30–50 % upfront
A 24-month developer plan usually beats any bank loan.
Need a long term
A 10–15 year mortgage with payments close to local rent levels.
Combination
Take instalments during construction, then refinance with a mortgage on the finished flat.
Frequently asked questions
What down payment do developer instalments require?
Usually from 20 % at the start, with the balance in equal payments until handover; at later construction stages it rises to 30–50 %.
Can I get a mortgage without residency?
Yes, Georgian banks lend to non-residents with proof of income, but usually ask for a larger down payment of 40 %+.
Mortgage or instalments — which is better?
Instalments cost less overall but run for a shorter term; a mortgage spreads payments up to 15 years and fits completed homes.
Can foreigners get a mortgage in Georgia?
Yes, with a 30 %+ down payment and proof of income, typically at 11–14 % per year.
Do instalments cost extra?
The plan itself is usually interest-free, but the price per m² can be 3–7 % higher than paying in full.
See also
- Apartments in Batumi
- Buy an apartment in Batumi
- New developments in Batumi
- Apartment rentals in Batumi
- Apartments in Tbilisi
- Seafront apartments in Batumi
- Apartments in central Batumi
- Apartments on New Boulevard
- Property in Gonio and Kvariati
- Real estate agent in Batumi
- Real estate in Batumi
- Houses in Batumi and the suburbs
- Georgian real estate blog
We will find a property within your budget
Tell us your goal and budget — we will send a shortlist with honest prices and photo reports the same day.
Request a shortlist