Useful information about Batumi and Georgia
Batumi ─ tourist mecca of Georgia with affordable real estate
Batumi is a dynamically developing Georgian resort located on the Black Sea coast. More than 2 million people visit the city annually. Tourists are attracted by the warm sea, pristine beaches, historical monuments, modern architectural structures.
The infrastructure of Batumi is rapidly expanding, new residential areas are being built up. The cost of residential real estate starts from $ 500 per m2, which makes the purchase affordable for different social groups. You can buy a 2-room apartment in a new building from $ 30 thousand, with interior decoration turnkey & laquo; & raquo; ─ from $ 40 thousand.
Acquisition of housing in Batumi has undeniable advantages:
the opportunity to come on vacation at any time of the year;
the right to obtain a residence permit when buying real estate from $ 35 thousand;
profitable investment ─ the price of real estate increases annually by 20%;
transparency in the conclusion of a purchase and sale transaction for both Georgian citizens and foreigners, minimum taxation (no VAT, mandatory insurance and notary fees).
The apartment can also be rented to tourists year-round. The full cost pays off on average in 4-6 years.