Constitutional Court Allows Sale of Lands on Foreigners, Time is Limited

The Constitutional Court of Georgia declared unconstitutional the moratorium imposed by the Parliament of Georgia regarding the sale of agricultural lands to foreign citizens.

The lawsuit was filed by Greece citizens, who failed to register heritable land plots in Georgia.

The court has announced the decision without a trial, as the court made a similar decision in 2012 and 2014.

However, the court decision will work until 16 December, as on the day when the inauguration ceremony of the new president of Georgia will take place a new constitution of Georgia comes into play.

The new constitution prohibits the sale of agricultural lands to foreigners.

Consequently, the foreigners who wish to buy agricultural lands in Georgia has about a week to do this.

Georgia introduced a moratorium on the sale of agricultural lands to foreigners in 2017.

The new constitution of Georgia says that agricultural lands cannot be sold to foreign citizens, foreign-registered companies and companies registered by foreign nationals in Georgia.