Useful information about Batumi and Georgia
The mystery of Batumi: why real estate attracts investors here?
Batumi the city that is called & laquo; second Dubai & raquo; for the rapid transformation from a seaside Georgian town to the center of a tourist and construction boom. This was facilitated by the reforms carried out several years ago, which laid the foundation for the creation of soil suitable for investment, as well as unique climatic conditions.
Batumi is surrounded by mountains and the warm Black Sea, and nearby are health resorts that attract people with diseases of the cardiovascular, nervous and respiratory systems.
The number of tourists is growing exponentially, most come to the city systematically, some stay here to live, buy apartments, houses or land at an affordable price.
Leading investment companies buying real estate in Georgia with the goal of opening hotels, hostels, gambling houses and other tourist establishments are gaining ground. The following factors prompt them to bet on the further development of Batumi:
low taxes, government support for investors (from laws to co-financing);
strategically advantageous location of the city, and the country as a whole;
agreements with the European Union;
low real estate prices;
growing interest from tourists;
free, unfilled market.
The last paragraph allows the investment projects of large companies and single investors with little or no investment experience to develop equally well. In confirmation of this, it is worth saying that in 2018 Georgia took the honorable 9th place out of 190 in the & laquo; favorable business environment & raquo; (World Bank rating).