The days of Communist rule meant the same for Georgia as they did for any other Soviet Bloc nation, with the state owning property and land and the people merely living or working in it. When independence came in 1991 things changed, and privatisation schemes began en masse – homes were given to the people and land was shared out between farmers and industry. Whilst the privatisation scheme overall hasn’t progressed as much as those in nearby ex-Soviet countries, it is in a massively advanced situation and the vast majority of property and land has been doled out to the rightful owners. More liberalisations in laws followed, making it easier for sales and transactions to be carried out for properties, and mortgage lending was allowed not long after. Whilst the property market is not as advanced as in other former Soviet Bloc countries, it is healthy and there are many realtors available for international business.

It should be noted that as a former Communist state, Georgia is subject to the same potential pitfalls as other former Soviet countries and all land titles should be checked in detail by more than one independent party to ensure legality of ownership, as reclamations can be lost and confused over time.