Useful information about Batumi and Georgia
Real Estate Batumi
Batumi one of the most beautiful and popular resorts of the Black Sea coast. Every summer 2 million tourists come here. Tourist boom attracts major foreign investors to the capital of the Georgian Republic of Adjara. In the coastal zone, developers are hastily building elite new buildings, hotel giants Holiday inn, Kempinski, Hilton, Sheraton, Marriott are building new hotels.
Experts predict an active growth of the Batumi real estate market for the next 5 years, which means that housing prices and commercial properties will continue to grow.
Batumi Real Estate buy or not?
Foreign citizens willingly purchase apartments and land in the capital of Adjara. They are attracted to:
High quality housing under construction.
Well-developed infrastructure of the city.
The opportunity to buy an apartment in a new building at a price of $ 400 per m2.
Simplicity of transaction execution: no income certificates are required only a passport is needed.
Obtaining a residence permit it’s enough to buy an apartment for $ 35,000.
Profitable lending programs.
High payback when renting a house, the invested funds are returned to the investor for 5-7 years.