2 remote ways to make money from overseas property

Investing in foreign property is one of the easiest ways to diversify your capital and receive a stable income. And you don't necessarily have to move to another country to do this. Today, most property transactions can be carried out remotely: from the selection of the object to the execution of the transaction and lease management.

There are two proven approaches that allow you to earn money on foreign property without leaving your city:

 - Investing

 - Partnership programmes

In this article, let's take a closer look at how they work.

Investing

The most popular and direct way. An investor buys property abroad with the purpose of renting it out or reselling it at a profit. Georgia is one of the most convenient and accessible markets for this format. And here's why: 

1. Affordable entry threshold

Unlike in Europe or the Gulf countries, where starting prices for housing can start from $150,000, in Georgia you can buy property from $35,000. This makes the market affordable even for investors with limited budgets.

2. Flexible payment schemes

Georgian property developers willingly work with foreigners and offer:

 - 2-5 year instalments with down payment from 10-30%. Recently on the market there are more and more offers with zero instalment and the opportunity to make the final payment in the mortgage.

- Mortgage for non-residents, including in dollars, euros or Georgian lari.

3. Simple and transparent execution

 - The transaction can be carried out completely remotely, through a trusted person

 - Only a passport and a notary power of attorney (in case of remote purchase) are required from the documents

 - Purchase and registration of ownership takes only 2-5 days

 - The ownership right is registered through the House of Justice, in 1-4 working days, cost - from 150 ($56) to 700 ($260) GEL.

4. Tax advantages

 - 0% tax on property purchase (in most countries it is 2-6%)

 - No tax on ownership 

 - Low tax on rental income - only 5% 

 - No tax on resale profit if the property has been owned for more than two years

According to Paying Taxes ranking, Georgia ranks 14th among 190 countries - higher than many EU countries.

5. Visa-free regime and flexible migration policy

 - Citizens of 94 countries (including Russia, Ukraine, Belarus, Kazakhstan) can stay in Georgia for up to 364 consecutive days without a visa.

 - Purchase of real estate from $100,000 - grounds for short-term residence permit.

 - Investments from 300 000 $ - basis for investment residence permit up to 5 years (including purchase of real estate).

6. Fast growing market with high growth potential

Over the last 5 years the property market in Georgia has shown steady growth. Especially Batumi and Tbilisi are developing actively, where demand consistently exceeds supply.

7. Popular tourist destination

Georgia is consistently among the top countries in terms of tourist flow in the post-Soviet space. This creates a constant demand for rentals - both daily and long-term.

 - More than 5 million tourists visited Georgia in 2023

 - Batumi and Tbilisi

 - More than 5 million tourists visited Georgia in 2023

 - Batumi and Tbilisi are cities with a steady flow of tenants all year round

 - The resort season lasts from May to October, and in Tbilisi rentals are in demand all year round.

8. No restrictions for foreign citizens 

Foreigners can freely purchase property into private ownership. There are also no restrictions on the number of properties

Where and what do they buy?

Foreign investors are most interested in:

 - Tbilisi - business and cultural centre of the country, stable demand all year round

 - Batumi - resort by the sea, high seasonal traffic

 - Seaside villages: Gonio, Kvariati, Kobuleti - for those looking for privacy and luxurious views.

Popular property formats:

 - Apartments in aparthotels

 - Hotel rooms for management

 - Studios and flats for rent

 - Villas and houses for resale

Profitability

With a competent approach foreign property can bring a stable passive income:

 - Renting - from 8 to 12% per annum

 - Resale at the stage of growth - from 30 to 90% per annum.

2. Partnership programmes

Those who are not yet ready to invest in a purchase can consider a partnership format. Many agencies, including Housebook, offer a programme where you can earn money by helping other investors find properties.

How it works:

 - You recommend a property to your contacts, subscribers, and friends

 - After the transaction is completed, you receive a percentage of the transaction amount.

 - The amount of remuneration of each agency

Why an affiliate programme is a great way to make money from overseas property

Affiliate programmes in overseas property are becoming increasingly popular and a convenient way to earn extra income. Here are the key advantages of this format of work:

 - Minimal risks and investments

You don't need to buy a property or invest your own money. You simply recommend properties and receive a percentage of successful transactions. 

 - No in-depth knowledge of the market is required

You don't need to be a property expert to start earning. All the basic tools and advice are provided by experts, and your task is only to pass on the contact of a potential client.

 - No need to guide the client yourself

Most companies take on the full support of the client from consultations to the execution of the transaction. You don't need to spend time on complicated processes and technical details.

 - Transparency and fair terms

Partner programmes are based on transparent conditions: fixed percentage of the transaction, regular payments and clear rules. You always know what you will be paid for and when.

 - Flexible schedule and possibility to work remotely

You choose when and how much to work, without being tied to an office or a strict schedule. This is convenient for combining with the main work.

 - Potential for stable income

The more clients come on your recommendation, the higher your income. As your experience and contact base grows, you can significantly increase your earnings.

Do you want to earn money with Housebook?

If you are interested in foreign real estate and want to earn income from the comfort of your own home, we have an affiliate programme. You can recommend our platform and receive a percentage of every successful transaction made by your recommendation.

Leave a request and we will send all the details and help you get started.