Useful information about Batumi and Georgia
Buying a Property in Batumi: Pros and Cons
The sunny country of Georgia is located between two parts of the world Europe and Asia. On the east coast of the Black Sea is its capital, Batumi. The real estate market of the city is actively developing and requires detailed consideration.
Benefits
In buying an apartment for yourself or renting out a few tangible advantages:
prices for apartments in Batumi on the first coastal line with sea views start at 300 $ 400 per 1 sq. km. m .;
no purchase tax;
return on rental for about 5 years, provided that the apartments will be occupied by 45 - 50% per year;
obtaining a residence permit after investing in real estate in Batumi $ 35,000.
According to market analysts, housing prices will be in stagnation for 2 - 3 years. This gives time for thinking, calculating and buying a room for everyone.
disadvantages
Despite the advantages of the city, there are also weak points:
in winter, the profit from renting an apartment is not as stable as in the hot months;
engineering communications in the old districts of the city scare away those who want to buy housing in Batumi. But in new homes there are no communication problems, so we recommend buying housing in new buildings.
If you are thinking about buying property on the coast Batumi definitely deserves attention.