Good news for those considering buying real estate in Georgia. TBC Bank has launched a simplified mortgage program for expats — foreign citizens who live and work in the country. The down payment now starts from 20%, and in some cases — from 0%. The loan term has been extended from 10 to 20 years. Let's break down what this means for buyers of apartments in Batumi, Tbilisi, and other cities in Georgia.
What's Changed: Key Terms of the New Program
TBC Bank has updated its mortgage lending terms for expats. Here are the main changes:
This is one of the most notable improvements in terms for foreign property buyers in Georgia in recent years.
Why This Matters for Expats
Previously, expats in Georgia faced stricter mortgage terms than local residents: a larger down payment, a shorter loan term, and a limited choice of banks. Many buyers were forced either to postpone their purchase or to look for alternative financing schemes.
Now the situation is changing. A longer loan term — up to 20 years — allows payments to be spread over a longer period, making the monthly burden more comfortable. And reducing the down payment to 20% (or in some cases to 0%) opens up the possibility of buying real estate for those who didn't have a large sum to start with.
Who This Program Is Suitable For
Those who live and work in Georgia. Expats with confirmed income can expect simplified approval and more favorable terms.
Those buying property to rent out. If the bank takes rental income into account, the down payment can be reduced to as low as 0%. This makes real estate investments in Batumi and Tbilisi more accessible.
Those who want to refinance an existing loan. The program applies not only to purchases but also to refinancing — you can move your loan from another bank to more favorable terms.
Those planning construction or renovation. The loan can be used not only for buying ready-made housing but also for construction or renovation.
Which Currency to Choose for Your Mortgage
TBC Bank offers loans in three currencies: GEL, USD, and EUR. The choice depends on the currency in which you receive your income.
The GEL-to-USD exchange rate has remained stable for several years, which reduces risks for those taking loans in the national currency.
How This Affects Georgia's Real Estate Market
The development of mortgage lending is one of the key drivers of the real estate market. The more accessible loans are, the more people can afford to buy an apartment. This supports demand and contributes to price growth for liquid properties.
For the real estate market in Batumi and Tbilisi, this is especially important. Batumi has high demand for resort property, while Tbilisi has demand for housing for permanent residence and long-term rentals. Simplifying mortgages for expats makes these markets more accessible to foreign buyers.
What to Do If You Want to Buy an Apartment in Georgia with a Mortgage
The changes from TBC Bank are a signal that Georgia's real estate market is becoming increasingly open to foreigners. Just a few years ago, expats could expect at most a 10-year loan with a high down payment, but today the terms are almost on par with those offered to local residents.
If you've been eyeing real estate in Batumi or Tbilisi but have been putting it off due to mortgage terms — now is the right moment to revisit the question.
Want to buy an apartment in Georgia with a mortgage? Leave a request — we'll find the right property, help with loan approval, and guide you through the transaction all the way to receiving the keys.
What's Changed: Key Terms of the New Program
TBC Bank has updated its mortgage lending terms for expats. Here are the main changes:
- Down payment — from 20%. When rental income is taken into account, in some cases — from 0%.
- Loan term — up to 20 years (previously the maximum was 10 years).
- Loan currency — GEL, USD, or EUR.
- Purpose — purchase, construction, renovation, or refinancing of real estate.
This is one of the most notable improvements in terms for foreign property buyers in Georgia in recent years.
Why This Matters for Expats
Previously, expats in Georgia faced stricter mortgage terms than local residents: a larger down payment, a shorter loan term, and a limited choice of banks. Many buyers were forced either to postpone their purchase or to look for alternative financing schemes.
Now the situation is changing. A longer loan term — up to 20 years — allows payments to be spread over a longer period, making the monthly burden more comfortable. And reducing the down payment to 20% (or in some cases to 0%) opens up the possibility of buying real estate for those who didn't have a large sum to start with.
Who This Program Is Suitable For
Those who live and work in Georgia. Expats with confirmed income can expect simplified approval and more favorable terms.
Those buying property to rent out. If the bank takes rental income into account, the down payment can be reduced to as low as 0%. This makes real estate investments in Batumi and Tbilisi more accessible.
Those who want to refinance an existing loan. The program applies not only to purchases but also to refinancing — you can move your loan from another bank to more favorable terms.
Those planning construction or renovation. The loan can be used not only for buying ready-made housing but also for construction or renovation.
Which Currency to Choose for Your Mortgage
TBC Bank offers loans in three currencies: GEL, USD, and EUR. The choice depends on the currency in which you receive your income.
- If your income is in dollars — it makes sense to take the loan in USD. This helps avoid currency risks.
- If your income is in euros — take the loan in EUR.
- If your income is in GEL — take the loan in GEL.
The GEL-to-USD exchange rate has remained stable for several years, which reduces risks for those taking loans in the national currency.
How This Affects Georgia's Real Estate Market
The development of mortgage lending is one of the key drivers of the real estate market. The more accessible loans are, the more people can afford to buy an apartment. This supports demand and contributes to price growth for liquid properties.
For the real estate market in Batumi and Tbilisi, this is especially important. Batumi has high demand for resort property, while Tbilisi has demand for housing for permanent residence and long-term rentals. Simplifying mortgages for expats makes these markets more accessible to foreign buyers.
What to Do If You Want to Buy an Apartment in Georgia with a Mortgage
- Determine your budget and purpose. For living, for renting out, or for investment — this determines the choice of property and strategy.
- Choose a property. We'll help you find an apartment in Batumi or Tbilisi that fits your needs and budget.
- Prepare your documents. Proof of income, passport, and property documents.
- Submit an application to the bank. We work directly with TBC Bank and will help with the paperwork.
- Get approval and complete the transaction. We guide you through every stage — from submitting the application to receiving the keys.
The changes from TBC Bank are a signal that Georgia's real estate market is becoming increasingly open to foreigners. Just a few years ago, expats could expect at most a 10-year loan with a high down payment, but today the terms are almost on par with those offered to local residents.
If you've been eyeing real estate in Batumi or Tbilisi but have been putting it off due to mortgage terms — now is the right moment to revisit the question.
Want to buy an apartment in Georgia with a mortgage? Leave a request — we'll find the right property, help with loan approval, and guide you through the transaction all the way to receiving the keys.