Overview of All Financing Options
Available Purchase Methods
- Cash — full payment
- Developer installment plan — 0% interest
- Mortgage from Georgian banks — 12-15% per annum
- Russian mortgage — limited availability
- Mixed financing — combination of methods
- Real estate leasing — new instrument
Developer Installment Plans — The Most Popular Choice
Terms in 2025
Standard conditions:
- Interest rate: 0% per year
- Term: up to 60 months
- Down payment: 10-30% of the price
- Early repayment: no penalties
- Currency: US dollars
Who Offers Installment Plans
Top developers with the best terms:
Next Group:
- Term: up to 60 months
- Down payment: from 15%
- Feature: fixed USD rate
One Development:
- Term: up to 48 months
- Down payment: from 20%
- Feature: finishing can also be included in installments
Alliance Group:
- Term: up to 36 months
- Down payment: from 30%
- Feature: premium-class projects
ORBI Group:
- Term: up to 60 months
- Down payment: from 10%
- Feature: guaranteed management program
Practical Installment Example
Apartment worth $60,000:
- Down payment (20%): $12,000
- Remaining: $48,000
- Term: 48 months
- Monthly payment: $1,000
- Overpayment: $0
Advantages of Developer Installments
Financial benefits:
- No interest or overpayment
- Minimal documentation
- Fast approval
- Flexible payment schedule
- Early repayment without penalties
Practical conveniences:
- No income verification required
- Available to non-residents
- Remote signing possible
- Ownership after full payment
Disadvantages of Installments
- Limited choice of properties
- Large down payment required
- Relatively short term (up to 5 years)
- No ownership until fully paid
- Risk of losing payments if default
Mortgages from Georgian Banks
Terms for Russians in 2025
Bank of Georgia:
- Rate: 12.5-14% per year
- Term: up to 20 years
- Down payment: 30%
- Max amount: $300,000
TBC Bank:
- Rate: 12-15% per year
- Term: up to 15 years
- Down payment: 25%
- Max amount: $250,000
Liberty Bank:
- Rate: 13-16% per year
- Term: up to 20 years
- Down payment: 35%
- Max amount: $200,000
Borrower Requirements
Mandatory conditions:
- Age: 21-65
- Verified income
- Clean credit history
- Mandatory property & life insurance
- Guarantors (in some banks)
Required documents:
- Passport + notarized translation
- Income statements for 6-12 months
- Credit report
- Property documents
- Professional appraisal
Practical Mortgage Example
Apartment worth $60,000:
- Down payment (30%): $18,000
- Loan amount: $42,000
- Rate: 13% per year
- Term: 15 years
- Monthly payment: $461
- Total interest: $41,000
Advantages of Mortgage
- Long repayment term
- Relatively low monthly payments
- Immediate ownership
- Wider property selection
- Refinancing possible
Disadvantages of Mortgage
- High interest rates
- Large total overpayment
- Complicated approval process
- Many documents required
- Mandatory insurance
Comparative Analysis
Comparison Table ($60,000 Apartment)
| Parameter | Cash | Installment | Mortgage |
| Down payment | $60,000 | $12,000 | $18,000 |
| Monthly payment | — | $1,000 | $461 |
| Repayment term | — | 4 years | 15 years |
| Total overpayment | $0 | $0 | $41,000 |
| Ownership | Immediate | After full payment | Immediate |
| Complexity | Simple | Simple | Complex |
Total Cost Calculation
For a $60,000 apartment over 15 years:
- Cash: $62,000 (incl. fees)
- Installment (4 years): $62,000
- Mortgage (15 years): $113,000
Mixed Financing Schemes
Installment + Early Repayment
- Start with low down-payment installment
- Pay interest-free for 12-24 months
- Repay balance in one lump sum
Installment → Mortgage
- Buy on installment
- After 1-2 years refinance into mortgage
- Gain immediate ownership
- Extend repayment period
Regional Specifics
Currency Risks
USD: most installments in dollars
GEL: some mortgages in lari (lower FX risk)
Taxation
Installment: property tax paid by developer until full payment
Mortgage: property tax from year 1
Recommendations
Choose Installment If:
- Stable income for 3-5 years
- Planning to sell soon
- Want to avoid interest
- Buying off-plan
- Don’t want extensive paperwork
Choose Mortgage If:
- Need immediate ownership
- Long-term holding
- Income covers monthly payments
- Buying completed property
- Premium properties ($100k+)
Decision Calculator
- Down payment size? → <$20k → installment >$30k → any option
- Planned holding period? → <5 yrs → installment >10 yrs → mortgage
- Monthly income? → <$2k → installment >$3k → mortgage viable
- Need to rent out immediately? → Yes → mortgage In 2-3 yrs → installment
Practical Tips
How to Minimize Installment Risks
- Choose proven developers
- Check contract for penalties
- Keep 3-6 month reserve
- Consider life insurance
- Monitor construction progress
How to Get the Best Mortgage
- Compare all banks
- Prepare documents in advance
- Add co-borrower to lower rate
- Choose correct currency
- Plan early repayments
What to Avoid
- High-interest installments
- Mortgages without insurance
- Deals without legal check
- Paying extra for “fast approval”
Conclusion
The choice of financing depends on your budget, plans, and risk tolerance.
Best solutions in 2025:
For most buyers: Developer installment — zero overpayment, simple process
For long-term investors: Mortgage — immediate ownership and rental possibility
Universal advice: start with installment, refinance into mortgage after 1-2 years if needed.
Key success principles:
- Realistically assess your capabilities
- Create emergency reserve
- Study all contract terms
- Consult independent lawyers
- Treat property as a long-term investment
With the right financing choice, Batumi real estate becomes not only a profitable purchase but also a reliable source of passive income.
Article prepared by: real estate financing experts
Data current as of: September 2025
Rates and terms may change — verify with banks and developers
