Useful information about Batumi and Georgia
Batumi real estate: reasons for a bargain
Batumi continues to confidently take second place after Tbilisi in terms of investment in real estate in Georgia. There is a record number of deals on the market: & nbsp; last year it doubled compared to 2015. In 2018 & nbsp; 6,424 residential apartments were built in Batumi, with more than half already sold. & nbsp; & nbsp; & nbsp;
What is the reason for such a boom?
& nbsp; Firstly, the city has a lot of places for visiting by tourists who arrive by land and by sea. Batumi Bay nearest & nbsp; to Russia the port of Georgia. The swimming season begins in May and lasts until October. Local residents make good money by renting out apartments for rent in the season. & nbsp; But even in winter & nbsp; Batumi invites skiers, lovers of casinos and attractions. In 2018, about 2 million travelers visited the city.
& nbsp; Secondly, real estate prices in Georgia are growing annually by 5-25%. The average price per square meter in Batumi at the end of 2018 ranged from $ 400 to $ 2500 & nbsp; per square meter. m., which is lower than capital prices.
& nbsp; Third, the subtropical climate with high humidity, the purity of the mountain air and other unique properties of the area contribute to spa treatment.
& nbsp; Fourth, the absence of a language barrier (everyone speaks Russian) and traditional Georgian hospitality greatly facilitate communication.
& nbsp; Fifth, the city possesses & nbsp; modern infrastructure, but does not have the problems of a megalopolis. Today, about 150 & nbsp; 000 people live here permanently.
The city is developing rapidly. Having bought an apartment here, the investor receives a guaranteed increase in its value in a year.