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How to choose a residential property in Georgia for investment

How to choose a residential property in Georgia for investment
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Why foreigners choose Georgia for property investment

Georgia is becoming increasingly attractive to foreign investors, and there are several good reasons for this. Let's take a look at what makes this country an ideal place to invest in property.

Ease of property registration

One of Georgia's key advantages is easy property registration. The buying process here is as simplified and transparent as possible. You don't have to go through red tape like in some other countries. This makes the purchase property in Batumi fast and accessible to everyone.


No restrictions for foreigners

Unlike many countries, in Georgia no restrictions on foreigners for the purchase of residential and commercial property. This means that you can freely purchase flats, houses or commercial premises without the need to obtain special permits. This openness attracts investors from all over the world, ensuring a steady flow of capital into the country.


Growth in tourism and rentals

Georgia, and Batumi in particular, is a popular destination for tourists. Tourism growth is fuelling demand for rental property. This makes investment in accommodation by the sea in Batumi particularly favourable, as you can count on a stable rental income. The average cost of renting a flat in popular neighbourhoods can range from $300 to $1000 per monthDepending on the location and comfort level.


Possibility to obtain a residence permit through the purchase of housing

Another significant advantage is the possibility of obtaining residence permit through the purchase of a property. Purchasing a dwelling with a value of $100,000You can apply for a residence permit, which opens up additional opportunities for living and doing business in the country. This is especially attractive for those who are considering Georgia as a place for permanent residence or long-term investment.

Cities and regions to buy: where to invest more favourably

Georgia offers a variety of regions for property investment, each with its own unique advantages. Let's take a look at where exactly you should invest your money to maximise the benefits.

Tbilisi: capital city, stable rental all year round

Tbilisi - is the heart of Georgia, its capital and largest city. The country's business and cultural life is centred here. Investing in property in Tbilisi provides stable rental all year roundAs the demand for housing remains high due to the constant influx of students, businessmen and tourists. The average cost of housing in the capital is about $1000-$1500 per m². Convenient transport links and developed infrastructure make Tbilisi attractive for investors.

Batumi: resort, sea rentals, high demand

Batumi - is the pearl of the Black Sea and one of the most popular resorts in Georgia. Thanks to its climate and developed infrastructure, the city attracts tourists all year round. Investments in accommodation by the sea in Batumi provide high demand for rent, especially in the summer season. The average price per square metre here is about $1100–$1700depending on the neighbourhood. Thanks to the growing tourism, you can count on a stable rental income.

Gudauri and Bakuriani: ski resorts

Gudauri и Bakuriani - are famous ski resorts that attract winter sports enthusiasts. Investing in property here allows you to receive winter rental incomeThe average cost of accommodation in these regions ranges from the low end to the high end. The average cost of housing in these regions varies from $800 to $1200 per m². This is a great opportunity for those looking to invest in holiday property and earn rental income in season.

Kutaisi, Ureki, Kvariati: alternative locations for small budgets

If your budget is limited, consider Kutaisi, Ureki и Quariati as alternative locations. These regions offer more affordable property prices, ranging from $600 per m². Kutaisi - the second largest city in Georgia, known for its historical sights. Ureki is famous for its magnetic sands and is suitable for family holidays. Quariati - is a quiet resort on the coast, ideal for a relaxing holiday. These locations offer excellent investment opportunities at a lower cost.

Secondary housing market in Batumi: prices and offers

When it comes to secondary housing in BatumiThe first thing that comes to mind is the incredible blend of old-world charm and modern amenities. The city, with its unique atmosphere, offers a variety of options for investors looking for a stable income or a cosy place to live by the sea.

Prices and neighbourhoods

According to the latest data, in January 2025, the average price of a square metre on "secondary" in Batumi reached $1100/m². However, prices vary greatly from neighbourhood to neighbourhood. For example, in Old Townwhere every corner breathes with history, prices start at $3500/m². This neighbourhood attracts those who appreciate the architectural heritage and the atmosphere of antiquity.

В New Boulevardwhich is famous for its modern buildings and developed infrastructure, the cost of a square metre is from $1700/m². This location is ideal for those who want to be in the centre of the action and have access to the best restaurants and shops.

For those looking for a quieter place, neighbourhoods Gonio и Quariati are offering flats from $1600/m². These areas are a little further from the centre, but their proximity to nature and beautiful sea views make them attractive to many.


Housing parameters

When choosing a flat, it is important to consider not only the neighbourhood, but also such parameters as year of construction, storey и state of repair. For example, flats in new buildings, which have already become "secondary", often have more modern layouts and equipment. While older homes may require additional renovation, but offer a unique style and atmosphere.


Example sentences

One of my friends, Alexander, has recently bought a flat in the Old Town. He has always dreamed of living surrounded by historical architecture. His flat, which is 75 m² in size, cost him a total of $262,500. Alexander says that every morning when he looks out of the window, he feels part of something great and eternal.


Choice of neighbourhood

When choosing a neighbourhood, it is important to consider not only price, but also your personal preferences. Do you want to be in the centre of events or do you prefer peace and privacy? Each neighbourhood in Batumi offers something different, and your decision should be based on what is important to you.

In conclusion, the secondary housing market in Batumi is diverse and offers many opportunities for investors. Regardless of your preferences, you are sure to find something suitable here. The main thing is to clearly define your goals and be ready to explore.

New buildings in Batumi: the best housing estates and the cost per sq. m.

If you're thinking about Georgian property investmentsNew buildings in Batumi can be an excellent choice. This segment of the market is famous for its modern projects and attractive prices, especially when compared to their European counterparts.

Average prices and benefits

According to Colliers reports for 2025, the average price of flats in Batumi's new buildings is approx. $1130/m². This makes the city attractive for investors, especially considering that the prices for new buildings by the sea are significantly lower than in Europe. For example, according to the BatumiExpert portal, the cost of "primary housing" near the coast starts at $600/m².

The best LCDs and their features

Major projects are being implemented in Batumi, such as Orbi City, Alliance Palace и Intourist Batumi. These complexes offer a variety of housing options, from cosy studios to spacious luxury apartments. The cost per square metre in such residential complexes varies from $1000 and aboveDepending on the stage of completion and level of finish.

  • Orbi City: This project has become a real calling card of Batumi. Here you will find modern apartments with sea views and access to all necessary amenities.
  • Alliance Palace: The complex offers unique living and leisure facilities including swimming pools, fitness centres and restaurants.
  • Intourist Batumi: Designed with all modern standards in mind, this apartment block offers homes with unique layouts and high-end finishes.

Prices by neighbourhood

  • New Boulevard: $1000-1300/m²
  • Sherif Khimshiashvili Street: $900-1200/m²
  • Botanical Garden (Zeleny Cape): $800-1100/m²
  • First line in Gonio: from $1200/m²

Modern technology and infrastructure

New buildings in Batumi are characterised by the use of modern technologies and developed infrastructure. Many complexes offer such options as smart home systems, underground car parks and 24-hour security. This makes them attractive not only for buying, but also for renting.

Examples of successful investments

An acquaintance of mine, Elena, invested in a flat in the city. Alliance Palace. She chose an apartment with a sea view and after a year she was able to rent it out, earning a stable income. Elena notes that due to the good infrastructure and convenient location, her flat is in great demand among tourists.

So, new buildings in Batumi - is not just an opportunity to buy housing by the sea, but also a chance to make a profitable investment in a dynamically developing market. The main thing is to choose the right project and appreciate all the advantages it offers.

Secondary vs new buildings: pros and cons

When it comes to choosing between secondary housing and new buildings in BatumiIn addition, investors often wonder what to choose. Both segments have their own characteristics and it is important to understand them in order to make an informed decision.

Pros and cons of secondary housing

Pros:

  1. Price: Secondary housing is usually cheaper. The average cost is about $1100/m², making it an affordable option for many.
  2. Ready for occupancy: Apartments on the secondary market are most often ready to move into immediately after purchase. This is handy if you want to start receiving rental income in Batumi.
  3. Historical value: In some areas, such as Batumi Old TownYou can find unique objects with historical charm.

Minuses:

  1. Repair: Often such flats require repairs and upgrading of communications, which may entail additional costs.
  2. Old communications: There may be plumbing and electrical problems that will need to be replaced.

Pros and cons of new buildings

Pros:

  1. Modern technology: The new buildings offer modern layouts and facilities such as smart home systems and underground car parks.
  2. Infrastructure: Many complexes have developed infrastructure with shops, fitness centres and security.
  3. Prospects for growth: By investing in new buildings in the early stages, you can expect to see an increase in value when the property is fully completed.

Minuses:

  1. Price: New buildings are more expensive, with an average price of approx. $1130/m².
  2. Risks of delay: There may be delays in the delivery of the property, which may affect your plans to move in or rent out.

Comparative table

Secondary housingNew buildings
PriceBelow (average ~$1100/m²)Above (average ~$1130/m²)
ConditionRequires repairs (more often "do-it-yourself")Modern renovation/clean
Occupancy periodInstant (the new building has already been completed)Delays are possible; you have to wait for the handover
RisksHidden defects, unclear title to propertyRisk of under-construction, dependence on the developer
InfrastructureDepends on the neighbourhood (older areas may have no facilities)Often their own parks, supermarkets, etc.

The choice between secondary housing and new buildings depends on your goals and capabilities. If you're looking for a quick way to start earning an income, it may be worth considering secondary housing. But if you're looking for a long-term investment and are willing to wait, new builds may offer more prospects.

Factors affecting the price of a flat

When you're thinking about buying property in BatumiIt is important to understand the factors that affect the cost of housing. These nuances will help you make an informed choice and optimise your investment.

Location and view from the window

Neighbourhood - one of the key factors determining the price. Flats in the centre, such as in Batumi Old Townare more expensive due to their proximity to historical sights and well-developed infrastructure. For example, the average price here starts from $3500/m².

Sea view also significantly increases the cost. Flats with panoramic views can be on the 10-20% is more expensive. This is due to the increased demand for housing with beautiful scenery.

Age and condition of the house

Age of the building affects the price: new houses are valued higher for energy efficiency and modern technologies. For example, flats in new buildings such as Alliance Palacethey're worth an average of $1130/m².

Housing condition - another important factor. Flats with a rough finish, or the so-called "white frame", are usually on 15-25% cheaperthan fully renovated options.

Technical specifications

Floor area plays a role: the higher the floor, the more expensive the flat may be, especially if it faces the sea. However, take into account seasonal winds, which can reduce the comfort of living on the upper floors.

Heating system and the presence of a lift are important aspects affecting the price. Modern heating systems and the presence of a convenient lift increase the value of the dwelling.

Infrastructure and transport

Proximity to infrastructureNeighbourhoods with good transport networks, such as shops, schools and parks, make housing more attractive. Neighbourhoods with a developed transport network, such as, New Boulevardwhere the price starts at $1700/m²are in high demand.

Batumi: overview of neighbourhoods, infrastructure and house prices

Key factors

In selecting property in Batumi It is important to consider several key factors that directly affect the value of a flat. These nuances will help you make an informed decision and make a profitable investment.

Neighbourhood and view from the window

Neighbourhood - is one of the most significant factors. For example, flats in Batumi Old Town start at $3500/m² because of its historical value and well-developed infrastructure. Whereas in quieter neighbourhoods such as Gonioand prices start at $1600/m².

Sea view might add 10-20% to cost. This is due to the high demand for housing with panoramic views, which makes such flats more attractive for renting and living.


Floor area

Floor area affects the price, especially in multi-storey complexes. Flats above the 10th floor are often more expensive because of the view, but don't forget to take into account the seasonal wind, which can reduce the comfort of living.


Housing condition

Condition - an important aspect when assessing value. Flats with a rough finish, or the so-called "white frame", are usually on the 15-25% cheaper. This is a good option if you want to renovate to your liking.


Technical specifications

Heating system and the presence of a lift are important technical features. Modern heating systems and convenient lifts increase the value of housing. It is also worth paying attention to the height of ceilings and the quality of building materials.


Infrastructure and transport

Infrastructure plays an important role in determining the price. Proximity to shops, schools and parks makes housing more attractive. For example, in New Boulevardwhere all amenities are at hand, the price per square metre starts from $1700.

Transport accessibility also affects the price. Flats in areas with a developed transport network are in high demand, which increases their price.


Examples and tips

Anna chose a flat in Cape Verde in favour of $800/m². She was attracted by the green space and proximity to the Botanical Gardens, making it ideal for family life.

By keeping these key aspects in mind, you will be able to choose a flat that perfectly suits your needs and budget.

Practical advice to buyers (legal advice)

Buying property in Batumi - is not only a worthwhile investment, but also an important step that requires careful consideration. To avoid unpleasant surprises and make the process as smooth as possible, follow these practical tips.

Due diligence

The first thing to do is site due diligence. Make sure the property free from arrests, liens and other encumbrances. Request an extract from the Register of Property Rights to check any past transactions and encumbrances.

Builder's audit

Before you buy a new building, do some research property developer audit. Make sure that the company has all the necessary construction permits and project declaration. Checking the developer's statutory documents will help avoid risks associated with under-construction.

Treaty analysis

Take a close look sales contract. Pay attention to deadlines, penalties for breach of terms, availability of prepayment and non-refundable deposit. It is recommended to have a lawyer or notary involved when signing the contract so that all terms and conditions are transparent and legal.

Agencies and their secrets: how not to fall into a trap when buying a home in Georgia?

Features for foreigners

In Georgia, foreigners can freely purchase residential and commercial property without special permits. Many sellers and banks offer instalments or mortgages for non-residents. Usually requires a passport, proof of income and a down payment from 20-30%. Consider the currency risk if borrowing in dollars to fix the exchange rate.

Tax aspects

Remember that rental income is taxable income from renting out accommodation fixed tax 5%. This is important to consider when calculating rental yields.

Buyer's cheque list

  1. Document verification: Make sure that the seller has all documents of title.
  2. No encumbrances: Check that there are no liens or liens on the property.
  3. Compliance with redevelopment: Ensure that all alterations are approved and in accordance with the project documentation.
  4. Utility payments: Check for utility arrears.

By following these recommendations, you will minimise risks and avoid common mistakes when investing in overseas property.

These steps will help you to confidently and safely purchase a flat in Batumi, ensuring a secure investment in your future.

Additional purchase costs

Acquisition property in Batumi - is not only the price of the flat. It is important to consider the additional costs that may arise during the transaction. These costs will help you plan your budget and avoid unexpected financial surprises.

Notary and registration fees

When buying a property, you have to pay title registration at the House of Justice. This usually amounts to approx. 0.5-1% from cost of the flat. Also take into account the services of a notary, which are paid a fixed amount.

Property transfer tax

There is no tax on the purchase of a home for individuals in Georgia, however, there is a fixed notary feewhich needs to be taken into account when planning the budget.

Agent's commission

If you use the services of a realtor, the standard commission is 1-3% from the deal. This amount can be split between the seller and the buyer, but it is important to discuss the terms in advance.

How to choose a residential property in Georgia for investment

Monthly utility payments

After you buy the flat, you will have to pay utilities. Typical water, light and internet costs are as follows $30-50 per month. Also consider the additional costs of cleaning, security and home maintenance, which can be as high as $20-70 per month.

Property tax

The annual land and property tax in Georgia is symbolically low. It is usually only a few tens of dollars per year for a flat, making housing maintenance affordable.

Examples and tips

An acquaintance of mine, Ivan, who bought a flat in New BoulevardMr. Kumar noted that his monthly utility costs are approx. $40 during the winter months. This is considerably lower than in most European countries, allowing him to save money on housing maintenance.

Understanding all the additional costs involved will help you accurately assess the financial burden of buying property in Batumi. Transparent reporting of all costs, including 5% tax on rent и utility billsThis will increase your confidence in the process and avoid misunderstandings.

Market trends and price forecasts

The property market in Batumi continues to show steady growth, attracting the attention of investors from all over the world. Let's find out what trends are being observed and what to expect in the near future.

Market volume growth

By the end of 2024, the volume of the property market in Batumi increased by 6%having reached $778 mil. Despite a slight drop in the number of deals, prices continue to grow. This is due to steady demand, especially among foreign investors looking to invest in seaside property Batumi.

Price dynamics

Prices for new buildings in Batumi in 2024 increased by 8%reaching an average value of $1130/m². At the same time, the market secondary housing there was an increase in prices for 16,2%which indicates a high demand for ready-to-move-in flats.

Colliers and Bank of Georgia reports confirm that in 2024, there have been sales of 15,034 flatsand the average price of new buildings was $1130/m². These indicators emphasise the stability and attractiveness of the market for investors.

How do I know if my property in Georgia is making me decent money?

Predictions for the future

Analysts predict further strengthening of the market. It is expected that due to the demand of foreigners, especially from CIS countries and Israel, property prices in Batumi may increase by 15-20% per year. This is due to the expansion of infrastructure and tourism development in the region.

The Colliers report notes that at the end of 2024 the prices for new buildings in Batumi have increased by already 11% (up to $1,114/m²), while the secondary segment grew by 0,2% (up to $985/m²). These data emphasise the high market dynamics and prospects for further growth.

Infrastructure impact

Infrastructure development plays a key role in price growth. New projects such as Alliance PalaceThese complexes are attracting the attention of investors due to their modern amenities and favourable location. These complexes offer housing with a high level of comfort, which makes them in demand in the market.

Conclusion

Don't miss the chance to be part of a dynamic marketplace property in Batumi! This city offers a unique investment opportunity, providing stable price growth and high rental income.

Why invest now?

  1. Steady price growth: The average price of new buildings has already reached $1130/m²and is forecast to grow further by 15-20% per year. By investing now, you can expect a significant increase in the value of your assets in the near future.
  2. High rental demand: Due to the development of tourism and the attractiveness of Batumi as a resort town, the demand for rental accommodation is constantly growing. This provides a stable rental income in Batumi.
  3. Attractive conditions for foreign investors: In Georgia, foreigners can freely purchase property, as well as enjoy convenient mortgage and instalment terms.

How do you get started?

Contact our experts to get free consultation and find the best properties that meet your requirements and budget. Our specialists will help you to understand the market and offer you current offers that meet your goals.

By investing in seaside property in BatumiIn addition to providing you with a stable income, you also become part of a unique city that combines historical heritage and modern technology. Don't miss the opportunity to take advantage of all the benefits this market has to offer.

Contact us today to take the first step towards a successful investment!

Frequent questions

Old Town, New Boulevard and Gonio are the most popular neighbourhoods. Old Town attracts with its historical spirit, New Boulevard with its new buildings and proximity to the sea, Gonio with its quietness and resort atmosphere.

According to Colliers, in January 2025, the average price was around $1,100 to $1,130 per square metre, depending on the area and type of housing.

Secondary housing is often cheaper and ready to move into, but may require renovation. New buildings offer modern infrastructure, but require waiting for completion and are more expensive.

Yes, foreigners are free to purchase housing in Georgia, except for agricultural land.

Rental yields can reach 7-12% per annum. The highest demand is during the tourist season from May to September.

The main expenses include: notary services, registration of the transaction, agency commission (1-3%), possible taxes when renting (up to 5%).

Some banks offer mortgages and instalments for non-residents, but terms are individual. A down payment of 30 to 50% is often required.

It is important to make sure that the property has no encumbrances, arrests or debts, as well as to check the documents with the cadastre.

The main factors are: sea view, floor, state of repair, distance to the beach, infrastructure, year of construction and availability of parking.

According to analytics, the market has shown a steady price growth in recent years. Expectations of decline are not justified yet, especially in popular neighbourhoods.

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