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Purchase and lease of agricultural land in Georgia According to the Law of Georgia On Ownership of Agricultural Land, an individual citizen of any country other than Georgia has no right to buy agricultural land but can lease it.
The value of Georgia's irrigated land averaged $4,550 per acre in 2018, up 11 percent from 2017, when the state's average irrigated land value was $4,070 per acre. Non-irrigated cropland value fell five percent, from $3,180 per acre in 2017 to $3,010 per acre in 2018.
Purchase and lease of agricultural land in Georgia According to the Law of Georgia On Ownership of Agricultural Land, an individual citizen of any country other than Georgia has no right to buy agricultural land but can lease it.
The value of Georgia's irrigated land averaged $4,550 per acre in 2018, up 11 percent from 2017, when the state's average irrigated land value was $4,070 per acre. Non-irrigated cropland value fell five percent, from $3,180 per acre in 2017 to $3,010 per acre in 2018.
Georgian citizens can build a house on agricultural land, but it will require either a lot of additional approvals with the authorities or a change in the status of the land which is long and problematic. It is forbidden to build absolutely everything on recreational land.
Usually, agricultural land is considered a good investment for high net-worth individuals and for those with surplus income. For salaried or self-employed individuals, living in cities, going through all this process will be time-consuming and tiresome.
How To Buy Land In Georgia: 6 Easy StepsGet Pre-Approved. Getting pre-approved for a loan to buy land is exactly like getting pre-approved for a mortgage.Search For Land.Compare Your Land Choices.Make An Offer On The Land.Sign The Land Sale Contract And Purchase Agreement.Prepare For Closing.
Georgia cash rent for cropland was unchanged for 2020 at $126 per acre.
The 2019 average irrigated cropland rent for Georgia is $208 per acre, while the average for non-irrigated cropland is $67 per acre.
The value of Georgia's irrigated land averaged $4,550 per acre in 2018, up 11 percent from 2017, when the state's average irrigated land value was $4,070 per acre. Non-irrigated cropland value fell five percent, from $3,180 per acre in 2017 to $3,010 per acre in 2018.