Batumi is a distinctive region in the Caucasus with its unique location, which is equally attractive to both vacationers and investors. Batumi has close trade relations with neighboring countries, which already include European and American cities, which plays an important role in its growing development and transformation into a world-class city. Batumi is developing at a fast pace, therefore such progress of the resort city has led to a high rate of demand for real estate. It became more and more interesting for development companies and the number of foreign nationals among buyers has increased dramatically.
Real estate in Batumi
Real estate market research shows that apartments in Batumi are in great demand among citizens of Russia, Belarus, Israel and various European countries. Mainly preference is given to their location, view, price and quality. It is worth noting the fact that the purchase of apartments in Batumi is rarely done for personal use, it is mainly a kind of future investment.
Why is Batumi so attractive?
Batumi is often referred to as a European city focused on continuous development, where the unique architecture of old Batumi and its bright streets are perfectly combined with modern buildings and structures, which makes the city alive and more dynamic.
- Constant flow of tourists - Batumi is open and attractive to travelers in any season of the year. Excellent location, amazing nature, urban environment, unique cuisine and affordable prices contribute to a steady flow of tourists in any
- season of the year;
- Competitive and diversified pricing policy - real estate in Batumi is divided into different categories according to location, proximity to the sea and development potential. Therefore, there is a wide range of prices on the market: from about $30,000 (equivalent in GEL) to $300,000 (equivalent in GEL);
- Low cost of taxes and fees - in Georgia, citizens of foreign countries are exempt from real estate taxes, and the system of utility bills is designed so that the consumer has to pay only for what he uses. For example, if no one lives in the apartment, there is no need to pay for repairs, maintenance, household waste collection and other fees;
- High degree of security - the rights of foreign investors are protected in Georgia in the same way as of the citizens of the country. Therefore, when purchasing real estate, the investor is 100% sure of the security of his property.
- Ability to obtain residence in the state - a foreign investor who decides to invest $100,000 (equivalent in GEL) to purchase an apartment can obtain a residence permit;
- Good business climate - stable business environment, association agreement with the European Union, low taxes and liberal economic legislation.
