Georgia has lifted almost all pandemic restrictions, and a flood of tourists immediately poured in. This is a great opportunity to take a closer look at the real estate of Batumi – the main resort of Georgia. The most profitable time to buy an apartment has come.
The autonomous republic of Adjara is the western region of Georgia. In the last few years, it has gone through major changes. Batumi is one of the most popular Georgian cities with urban architecture, developed infrastructure, beaches, mountains, warm climate, and breathtaking landscapes of the Black Sea shore.
The real estate market is blooming too. Lots of new residential complexes and resorts appear in the city and suburbs. The reason is the tourist and investment flow to Georgia.
The hospitality sector is one of the majors in the economy of Batumi. The coastal region has become a popular destination for famous hotel chains like Radisson, Marriott, Le Meridien, Sheraton, etc.
Five Reasons to Invest in Batumi Right Now
Number 1. Stable economic climate
The country has a pretty stable environment in terms of protecting the investments made into the country. There is a specific legal framework: Georgian legislation protects investors by law.
Another reason is Batumi itself. It is the second most visited place in the country after Tbilisi. The city is developing at a fast pace.
Number 2. Cheap real estate
New apartments by the sea (even with the sea view) cost about $400 per square meter on average. It is low in comparison to most of the European countries. If you plan to reside in Batumi, you can start with renting a place, which is also a very affordable option.
Propreties for sale in Batumi:
75 000 €
Apartment in Batumi, Georgia
32 sq.m11
ResidenceRemote TransactionCryptocurrency payment
Family club!
location — Gonio!
Wyndham hotel residence with full infrastructure for families!
The two buildings are divided into three blocks
block exclusively for living and recreation.
the block is mixed, which will allow the owner to give his real estate to management for the period for which he wishes
hotel block
Apartments are...
ONE is a new outstanding residential project from X2 Group, located in the prime location of Batumi, only 400 meters from Heroes Alley, 300 meters from Batumi Arena, and 100 meters from local schools and kindergartens. This project is part of the government’s targeted renovation program, which is a guarantee of the project completion, on...
We would like to present "Petra Sea Resort" hotel-type residential complex located on the coast of the Black Sea. The complex is located in Tsikhisdziri, 15 km from Batumi, on the first line of the sea, with its own private beach. The complex is distinguished by unique views, nature and complete infrastructure.
- apartments from 27...
The house has a large plot and views of the mountains and the green forest. In a great location, close to important tourist sites in an ecologically clean resort area. There is a private fruit garden. The house is in a black frame, it needs finishing. Very nice views, quiet.
All documents are ready, we will help with registration and show....
RB - Real Estate
31 048 €
Flat in Batumi, Georgia
33 sq.m11
Remote TransactionCryptocurrency payment
Art House
Batumi, near the New Boulevard
An elite residential complex.
Closed area
The project consists of two blocks "A" and "B", each with 35 floors
4 elevators in Block A
3 elevators in block B
Change
Block A - 07/31/2027
Block B - 30.05.2028
Underground parking for 640 cars, surface parking
Passage for fire and...
VRC Idrisova
65 740 €
Flat in Batumi, Georgia
45 sq.m211
All necessary infrastructure, government offices, supermarkets, pharmacy, school are within walking distance. kindergartens, cafes and others. A unique offer in this location at one of the lowest prices! the house is rented out central heating. One adult owner Purchase and sale agreement A safe deal Live display Assistance in mortgage approval...
BD Group
35 185 €
Flat in Batumi, Georgia
32 sq.m111
The studio is located at the intersection of Pushkin and Abashidze streets. This part of the resort is one of the most comfortable and prestigious for living, because there is everything for life, recreation and entertainment nearby.A five-minute walk from the new building is the park "May 6", and next to it is the Batumi Dolphinarium, zoo and...
Large apartment with sea and pool views. The apartment is on the first coastline next to a green park. The only complex with two outdoor pools. Near a cafe, restaurant, shop, within walking distance of the shopping center. 2 bedrooms. New modern renovation, furniture and appliances. Central air heating.
The documents are ready for...
RB - Real Estate
48 136 €
Flat in Batumi, Georgia
56 sq.m211
Online ViewingRemote Transaction
A beautiful apartment in an elite residential complex is for sale!
The complex itself is located in a well-maintained part of the city on the Alley of Heroes.
Apartment size: 55.9 m2
Floor: 15/40
Completion of construction: || quarter 2026.
District: Bagrationi.
The residential complex is multifunctional and includes infrastructure:...
BD Group
74 074 €
Flat in Batumi, Georgia
45 sq.m211
Online ViewingRemote Transaction
For sale a beautiful, panoramic apartment in a new premium residential complex!The complex itself is located literally 100 meters from the coast. Also, the advantages of the location can be safely attributed to the proximity of the international airport, which can be reached in just a few minutes by car, taxi or public transport.Apartment size:...
BD Group
74 074 €
Flat in Batumi, Georgia
45 sq.m211
Rental property
For sale a beautiful, panoramic apartment in a new premium residential complex! The complex itself is located literally 100 meters from the coast. Also, the advantages of the location can be safely attributed to the proximity of the international airport, which can be reached in just a few minutes by car, taxi or public transport. Apartment...
BD Group
48 136 €
Flat in Batumi, Georgia
56 sq.m211
A beautiful apartment in an elite residential complex is for sale! The complex itself is located in a well-maintained part of the city on the Alley of Heroes. Apartment size: 55.9 m2 Floor: 15/40 Completion of construction: || quarter 2026. District: Bagrationi. The residential complex is multifunctional and includes infrastructure: The...
BD Group
151 851 €
Flat in Batumi, Georgia
95 sq.m321
Online ViewingRemote Transaction
An apartment with two separate bedrooms is for sale.
The apartment is in perfect condition. It already has everything for a comfortable life. Very bright apartment with a good layout. Two bedrooms, each room has access to a balcony, the rooms are very bright, a spacious dressing room, a large living room with a kitchen that also has access to...
BD Group
408 285 €
Cottage in Batumi, Georgia
130 sq.m432
Online ViewingRemote Transaction
The first hotel of townhouses and villas in Western Georgia.
A complex of luxury townhouses and villas in an ecologically clean area for family holidays and profitable rental.
This is the only such hotel in Western Georgia. Townhouses are scarce and in demand here, which guarantees an increase in prices and rental profits.
Our complex is...
Atlas Property
40 129 €
Flat in Batumi, Georgia
29 sq.m11
Online ViewingRemote Transaction
Premium class apartments in Batumi, Georgia / HAMPTON BY HILTON.
The residential complex is being built near the New Boulevard on Zhiuli Shartava Street. It is only 200 meters from the sea coast, Lake Ardagani and Dancing Fountains. Batumi Seaport and the lower station of the Argo cable car are 2.5 km away.
Dynamo Stadium, Referral Hospital,...
Atlas Property
29 167 €
Flat in Batumi, Georgia
35 sq.m11
Online ViewingRemote Transaction
An elite multifunctional residential and hotel complex in a prestigious area of Batumi, a few minutes from the sea.
Advantages of a new building:
an ecologically clean area;
high-quality building materials;
high level of security;
exclusive infrastructure;
landscaped area;
underground parking;
functional layouts;...
A unique studio overlooking the botanical garden on the Black Sea coast!
Property Type: Studio
Area: 41.82 m2
Floor: 7/15
Location: Residential hotel complex on the Green Cape
For sale a cozy studio with stunning views of the botanical garden in a residential complex located on the first line by the Black Sea. This is an ideal place...
BD Group
64 815 €
Flat in Batumi, Georgia
48 sq.m211
One-bedroom apartment for sale in Orbi Plaza on the 3rd floor of 48.3 sq2. 3 minutes walk from the sea. High-quality repairs have been carried out. There is a new Grand Mall across the street. There is also everything you need nearby: shopping malls, supermarkets, cafes, restaurants and much more. The apartment is ideal for both investment and...
BD Group
46 597 €
Flat in Batumi, Georgia
31 sq.m11
Online ViewingRemote Transaction
Installments of up to 30 months.
Premium residential complex!
Construction is underway 150 meters from the sea and in the immediate vicinity of the New Boulevard. Panoramic views of the sea, mountains and residential areas of the resort are available from the windows of most apartments.
The complex in Batumi has 24 floors, impresses with...
Atlas Property
120 370 €
Flat in Batumi, Georgia
78 sq.m321
Online ViewingRemote Transaction
A cozy apartment for sale on the prestigious Sherif Khimshiashvili street, in block B, a high-rise 25-storey building with a magnificent view of the city. It is located on the 18th floor, which provides not only a beautiful view, but also privacy from the hustle and bustle of the city.
This spacious apartment of 78 square meters is divided...
A huge advantage is a 0% ownership tax. Not every country offers such favorable conditions for property buyers. Different regulations apply if you want to sell property in less than 2 years of ownership. In that case you need to pay 20% of tax. the property within the first 2 years of ownership — you should pay the state 20%.
Another positive thing is that you can register ownership in a matter of minutes. Foreign buyers and investors don't have any restrictions on buying apartments, houses, or other types of properties in Batumi and Georgian real estate market in general. The only exceptions are agricultural lands.
Number 4. Path to the residency permit
You can get a Georgian residence permit for buying any property in any region of Georgia for $100,000 or more, including Batumi.
Number 5. Geographic location
Batumi is almost in between Europe and Asia. The border with Turkey allows the economy of the city to develop faster. An international airport is another highway to international transactions.
Why the Batumi Market Has Become So Attractive
The Batumi real estate market is truly international. If in 2015 foreigners were participating in 14% of transactions, but in 2018 - already in 36%. Global demand provides real estate liquidity, stimulates the regional development, and brings income to apartment owners.
The property sector in Batumi is heavily dependent on tourism. During the pandemic, the Batumi real estate market sank as expected. The number of transactions has collapsed – by 30-40%. Prices have only slightly adjusted: in dollars, a square meter has fallen by 7.6%, and in Georgian Lari, it has risen by 4.3%. Now apartment prices are at the level of 2019 again.
In terms of commercial real estate, the market is oversupplied. Batumi already has lots of finished hotel projects, while others are on their way. Starting a new development is extremely hard in such a competitive market, especially knowing the property prices. You need to understand that Batumi is much better for low-budget investments.
Finally, an unfortunate point. Georgia lacks trustworthy real estate agents and property management companies. That is the reason why a majority of buyers prefer to work with Georgians they’ve known before.
Although the disadvantages seem serious at first, there are only a few of them, not to mention that before putting your money anywhere, you must study the market. It is a simple idea that can protect your capital and help you to gain more in such a prospective region as Batumi.
About the Future of Batumi
Tourism has recovered. The number of foreign visitors in the Black Sea region of Adjara exceeded the results of 2019 by 51% in the first quarter of 2022. In June, Batumi Airport has received 300 international flights from 20+ airlines from 12 countries. New direct flights have opened from Latvia, Jordan, and Uzbekistan.
Investments are growing. Foreigners invested four times more funds in the Georgian economy in the first quarter of 2022 than a year before. The main investors are from Spain, the UK, and Turkey. The key sectors in are energy, finance, and real estate.
Favorable forecasts. The World Bank believes that Georgia's economy will grow by 5.5% in 2022 and 2023, and the trend will continue with 5% more in 2024. All despite the economic shock caused by the conflict between Russia and Ukraine.
Growing prices. A surge in rental prices in Georgia, and the cost per square meter in Batumi is still at the same level. Therefore, buying an apartment now seems very promising, especially with ready-made apartments in completed complexes, where you can avoid any construction risks.
How to Become a Property Owner in Batumi
There are no restrictions for citizens of other countries, whether you want to buy an apartment or invest in a hotel project. You can register real estate even as a legal entity and transfer funds to Batumi from the company's account. To make a transaction you only need only a passport.
All the formalities will take no more than two hours. After signing the contract with the developer, the new owner goes to the House of Justice, where their name is entered into the state register of real estate. You have to pay the fee for the registration of ownership of $15.
Buyers can carry out the transaction remotely by paying by bank transfer. They receive all the documents and receipts from the developer in electronic form.
In conclusion:
Tourism and real estate play a key role in the region’s economic growth. The real estate sector is heavily dependent on tourism.
No restrictions on property ownership for foreigners and no property tax for buyers.
Becoming a property owner takes a few minutes.
Batumi is rather a low-budget investment than a high-budget one.
You can own property as a legal entity.
You can get a residence permit for owning property in Batumi.
