Home is a place that evokes many emotions in people. Hearing this word calms you down and fills you with positive emotions. But before you find a place to call home, there are many steps ahead of you, because when investing in real estate, you need to be sure that you will get the maximum benefit, be able to rent it out at a good price if necessary, and get a full return on your investment when you sell it.
In this regard, Batumi is the most attractive place. It's getting better every day. In recent years, the pace of development of the coastal city is amazing. Batumi is trying to keep pace with modernity and at the same time preserve its unique history and culture.
Why is Batumi a discovery for investors? - You will find the answer to the questions in the reasons listed below:
- Excellent infrastructure - Batumi is an outstanding tourist center in the entire Black Sea region. With European streets and squares, a mixture of old and new architecture, a historic port, a unique botanical garden, a seaside boulevard, international brand hotels, cafes and restaurants - Batumi is a real pearl of modern Georgia;
- Tourist flow growing by 10-20% every year - Batum is popularity is increasing year by year, it has already gained the status of a hidden pearl of Europe, interest in it is growing, and on famous media platforms such as: ''Forbes USA'', ''European Best Destinations'' and ''Euronews'' they publish various articles about Batumi;
- High degree of security - the rights of foreign investors are protected in Georgia in the same way as the citizens of the country. Therefore, when purchasing real estate, the investor is 100% sure of the security of his property. The most frequently visited tourist website in Europe ''European Best Destinations'', which provides information about touristic interesting destinations to travelers, names Batumi as a safe place for tourists;
- Ability to obtain residence permit in the state - a foreign investor who decides to invest $100,000 (equivalent in GEL) to purchase an apartment can obtain a residence permit;
- Quick payoff - Batumi is one of the most popular resort cities, which means that it attracts more attention from tourists and increased interest from the business side. Therefore, the investment in local real estate will pay off in a relatively short period of time. In the case of purchasing an apartment in ''Solis Residence'' as an investment, taking into account the seasonal and non-seasonal periods, the average daily fee for renting the apartment is 38 dollars (equivalent in GEL), which will give you an average of 7105 dollars (equivalent in GEL) at the end of the year;
- Good business climate - stable business environment, association agreement with the European Union, low taxes and liberal economic legislation;
- Remote transaction - the country's legislation allows people to enter into a contract of purchase and sale of real estate remotely. The investor can carry out the procedure directly with the help of a realtor, or apply to the construction company - ''Solis Residence'' without an intermediary;
- Low taxes - Real estate taxes are not imposed in Georgia for individuals who are not registered as taxpayers in the country. A natural person pays property tax in Georgia if his/her annual income (means received/declared income in the territory of Georgia) exceeds 40,000 GEL;
- Visa-free travel - visa-free travel with 98 countries (EU Schengen countries: Austria, Belgium, Germany, Denmark, Spain, Estonia, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Greece, France, Slovenia, Slovakia, Hungary, Finland, Sweden, Czech Republic. Non-EU Schengen countries: Iceland, Liechtenstein, Norway and Switzerland; EU member Schengen candidate countries: Bulgaria, Cyprus, Romania, Croatia).
