Kyrenia, Korshiyaka street, Özyalçin 192 complexPark Heights Square 1, Dubai, UAE69, 67 1 Soi Kokyang, Rawai, Muang, PhuketGrand condo 7, Chroy Changvar, Phnom PenhJl. Dukuh Indah No. 606, Bali 80361, Indonesia1 Sherifa Khimshiashvili Str., BatumiÇağlayan Mahallesi, Barınaklar Bulvarı 5, 07235St. Petersburg, Moika River embankment 36, office 18C/El Montículo 8, 29631, Benalmádena, SpainHungary, Budapest, Merleg St. 12Pulawska Street 17, Warsaw10b Trg Dara Petkovića, Tivat, MontenegroJacques Chirac st., Al Saadiyat Island, Abu DhabiBelgrad, Vidovdanska 3, lokal 2Kazakhstan, Astana, Turkestan str. 14 AJacques Chirac st., Al Saadiyat Island, Abu Dhabi277 Cityview Drive, unit 16 Vaughan, Ontario.Zanzibar TZ, 2303, Tanzania
EN 
RU 
DE 
PL 
NL 
ES 
FR 
IT 
TR 
AR 
ZH 
UK 
CS 
PT 
SV 
FI 
DA 
NB 
ET 
LV 
LT 
HU 
RO 
BG 
SL 
Is it profitable to buy real estate in Batumi?
of Georgia
Date: 29.02.2024
Reading time: 7 min.
Views: 7,368In recent years, Georgia, and especially its coastal city of Batumi, has become a magnet for investors from around the world. This is not surprising, as Batumi offers unique real estate investment opportunities due to its geographic location, economic growth and attractive business environment. Our article will tell you about the benefits of buying real estate in Batumi and how International can help you through the process.
We will look at all of these aspects in more detail so that you can make an informed decision about buying real estate in Georgia. So, let's begin.
Batumi as an attractive location for real estate investment
Batumi is the pearl of the Black Sea coast of Georgia. This city has a unique combination of natural beauty and favorable climate, which makes it an ideal place to live and relax. Real estate in Batumi attracts investors not only with its beautiful views, but also with its prospects for economic growth.
Batumi is actively developing and modernizing, while preserving its unique atmosphere and historical heritage. New buildings are being built in the city residential complexes, shopping centers, hotels and infrastructural facilities. All this makes investments in Batumi real estate particularly attractive.
Government policy is also an important factor. Georgian authorities actively support investments and create favorable conditions for foreign investors. The taxation system is simple and clear, and the procedure for buying real estate is maximally simplified.
It is also worth mentioning the tourist potential of Batumi. The city is visited by thousands of tourists from all over the world, which ensures a high demand for rental accommodation. This means that buying real estate in Batumi can become not only a way to preserve and multiply capital, but also a source of stable passive income.
In general, Batumi is a place with high investment opportunities, ideal for both short and long-term real estate investments.
Why Batumi?
| Reasons | Description |
|---|---|
| Opportunity to become an EU resident | Georgia is actively seeking integration with the European Union. Buying real estate in Batumi can be the first step towards obtaining a residence permit and EU citizenship. |
| Favorable investment offers | Batumi offers a wide range of real estate - from budget apartments to luxury villas on the seashore. Thanks to active construction, you can always find interesting offers from developers here. |
| Ease of doing business | Georgia ranks among the first in the world in terms of the comfort level of doing business. It has a simple and clear tax system, as well as many programs to support entrepreneurs. |
| Safety and ecology | Batumi is an ecologically clean region with a low crime rate. Here you can not only invest money, but also live comfortably. |
| Developed infrastructure | Batumi has everything necessary for a comfortable life and successful business - from modern shopping centers to quality educational institutions. |
All these factors make Batumi an ideal place for real estate investment. But what about concrete figures and facts? Let's take a closer look at Batumi's investment potential.
Investment potential
Analysis of Batumi real estate market shows stable dynamics of price growth and demand. For example, the average cost per square meter in new buildings in Batumi in 2021 was about US$800, which is 10% higher than in 2020. This is due to the active development of the city and the increasing number of tourists. In addition, people from different countries are increasingly choosing Batumi for permanent residence, which also stimulates the growth of demand for real estate.
Passive rental income - Another argument in favor of investing in Batumi real estate. Due to the high tourist demand, renting an apartment or a house can bring a stable income. For example, the average cost of renting a one-room apartment apartments in Batumi is about $300 a month.
Thus, Batumi real estate investments offer a high potential for generating profits both through growth values of properties and through passive rental income.
Legal support
Purchasing process real estate in Georgia is quite simple and transparent. However, in order to avoid possible complications and mistakes, it is better to use the services of professionals. Companies offer full legal support for the transaction - from checking the legal cleanliness of the object to registering ownership.
The legal support package includes preparation of all necessary documents, translations, tax consultations and other important aspects of the transaction. The cost of such a package of services ranges from 500 to 1000 USD, depending on the complexity of the transaction and the specifics of the object. This is a small investment that will help you avoid possible risks and ensure the safety of your investment project.
It is important to note that the companies' services are not limited to legal support. They also offer assistance in property management, renovation and renting, which allows clients to earn passive income from their investments. Moreover, some provide advice on obtaining residence permit and EU citizenship, which makes buying real estate in Batumi even more attractive.
Life in Batumi
Batumi is not only a place for investment, but also a great city to live in. It has a unique cultural and social environment that combines the traditions of Georgian hospitality with modern trends. A rich history, excellent cuisine, many museums, theaters, parks and other attractions make life in Batumi rich and interesting.
Georgia has visa-free regime for citizens of most countries, which greatly simplifies the process of moving and adaptation. In addition, international educational and medical institutions operate in Batumi, which makes this city attractive for families with children.
The cost of living in Batumi is also one of the advantages. The average price of renting a one-room apartment in the city center is about $300 a month, and you can eat in a restaurant for $10-15. This is considerably cheaper than in most European cities.
Feedback from residents confirms Batumi's attractiveness as a place to live and invest. Many of them note the friendliness of local residents, high level of security, excellent climate and business opportunities.
Resident feedback
Many foreign investors have already appreciated advantages of buying real estate in Batumi. For example, a family from the UK bought a $50,000 apartment here and now rents it out to tourists, earning a steady income. They note that the investment has already paid off in three years.
An investor from the USA has bought several apartments in Batumi and is successfully running a rental business. He emphasizes that Georgia is a country with a high level of security and a simple tax system, which is very important for doing business.
One of our clients from Germany decided to invest in real estate in Batumi after visiting the city as a tourist. He was amazed by the beauty of nature, the hospitality of the locals and the high level of service. He purchased a one-bedroom apartment for $70,000 in a new residential complex near the coast.
Now he rents out the apartment to tourists and receives a stable income, which he says exceeds the income from renting real estate in Germany. He also notes that the process of buying real estate was simple and straightforward.
All these stories confirm that buying real estate in Batumi is a favorable and a forward-looking investment decision.
So, investing in real estate in Batumi is a profitable and promising decision. Thanks to its unique combination of geographical location, economic growth, political stability and high standard of living, Batumi is becoming increasingly attractive to investors from all over the world.
If you are interested in investing in real estate in Batumi, contact us. We will be happy to assist you in the process.
Batumi offers unique investment opportunities due to its strategic geographical location, rapid economic growth, and attractive business environment. Real estate here is attracted by the high potential for value growth and the opportunity to generate passive rental income.
Yes, Batumi is ideal not only for investment but also for living due to its mild climate, rich culture, developed infrastructure and low cost of living compared to many European cities.
Investments in real estate can be one of the ways to obtain a residence permit in Georgia. For more detailed information and assessment of your specific case, we recommend you to contact the specialists of our company.
As with any investment, there is a risk of not receiving the expected return or encountering delays in construction. We recommend using professional legal support services to minimize these risks.
The cost of real estate in Batumi can vary depending on location, quality and type of property. We can always help you find options to suit your budget and preferences.
The process of buying real estate for foreigners in Georgia is relatively simple and transparent. Buyers only need to have a passport and use the services of a notary. To simplify the process and avoid possible difficulties, we recommend using the services of our agency.
Yes, due to the high tourist demand, real estate rental in Batumi can bring a stable income. The average cost of renting a one-bedroom apartment can reach about 300 USD per month, but can vary depending on the location and quality of housing.
Recommended news items
