Useful information about Batumi and Georgia
How to get passive income in Georgia?
Buying real estate in Batumi in recent years has attracted more and more investors. The prospect of becoming a successful investor, making a profit from square meters, is quite real here.
Property Value
The price of apartments and apartments in Batumi depends on the view that opens from the window. The higher the floor, the more expensive the apartment. For example, a studio with an area of 35 & laquo; squares & raquo; on the 5th floor it costs about $ 35,000, and on the highest floors already 50,000. The average price per square meter is $ 750.
In the resort of Batumi, the construction boom is the same as in Tbilisi. In this city, the price is most affected by the distance to the sea. In fact, the city is divided into several lines. The most expensive apartments are in the coastal strip. Especially appreciated are new buildings that are already being finished.
At the request of the buyer, the developer can completely repair the apartment and even bring furniture. This is especially convenient if you intend to rent out housing.
Rental
Investments in Georgian real estate A good option for a stable income. Problems with tenants are not expected, because the tourist season in Batumi does not stop all year round.
Tourists are attracted to:
It’s not even necessary to look for tenants yourself. Batumi has many agencies that will do everything for you. They willingly work with foreigners.
Such a company undertakes to rent an apartment at the best price, to ensure that the tenant takes care of the property, and pays utility bills on time.
According to experts, rental income is up to 10% per annum, if you do everything yourself. If you work through a company, then 6-8%.