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.
Wyndham Grand Residence FAMILY CLUB is a new premium complex from the European Village, being developed in the ecologically cleanest part of Batumi — a village called Gonio. This is the first-of-its-kind club-style complex in Georgia, being a part of a huge Wyndham Hotel & Resorts network. This luxurious family-friendly complex will...
Flatiko
354 189 €
Apartment in Batumi, Georgia
76 sq.m1
Modern apartments in a new residence in Batumi!
We offer for sale elegant modern apartments with panoramic views in Batumi.
In the apartment: entrance hall, dressing room, living room with dining area, open kitchen, bedroom, bathroom.
The area of the apartment is 76 m2. Apartments can be purchased with finishing - $ 5,000 / m2, or with all...
A house with mountain views and a large plot. The house has two floors, with fruit trees, flowers, utility rooms. Good entrance. In a quiet green picturesque place. Nature, Mountains, Sea, Clean air. The documents are ready for registration, we will help at all stages. We will organize the show and promptly help with the purchase. Please contact...
RB - Real Estate
65 245 €
Flat in Batumi, Georgia
52 sq.m211
Online ViewingCryptocurrency payment
Perfect apartment with Mountain View in Sunny Batumi
Welcome to your new home, where comfort and style meet with breathtaking mountain views! This excellent apartment is located at 10 Inasaridze 2nd Lane.
Space and Light: The area of the apartment is 52.4 square meters, providing you with plenty of space to live and relax. Thanks to the...
BD Group
111 849 €
Flat in Batumi, Georgia
71 sq.m321
Apartment for sale with two separate bedrooms, 2+1,opposite the Vox. The apartment is located on the 19th floor, facing the street. The sea is 5 minutes away on foot, within walking distance of all the necessary infrastructure for life: cafes, shops, schools, kindergartens, shopping centers, etc. The house has central heating.
BD Group
37 190 €
Studio in Batumi, Georgia
28 sq.m111
The apartment has all the necessary furniture and appliances:TV,Washing machine,dishwasher,microwave,stove. The house is gasified, connected to the apartment, but not connected, if desired, you can connect it. The apartment is located 200m from the beach. Assistance in obtaining a mortgage for foreign citizens and citizens of Georgia.
BD Group
58 721 €
Studio in Batumi, Georgia
39 sq.m111
Studio in the chic residential complex "Intourist Residence"View of the sea, the city and the Alley of Heroes.The casino, fitness center, reception, etc. will open soon.Individual gas heating.The apartment is very well renovated.New furniture and appliances.The entire infrastructure is nearby.The house is located in the city center.The house has...
Studio for sale by the sea The address of Anguisa is 29. Area 31.8 m2, 6th floor A new residential gasified club-type house with its own swimming pool (on the 6th floor), coworking and underground parking, designed for both comfortable year-round living and profitable rental A dynamically developing area. Developed infrastructure, within walking...
BD Group
44 740 €
Studio in Batumi, Georgia
33 sq.m111
Rental property
The studio is located on the first coastline, with a beautiful view of the sea and mountains from the balcony. This apartment is suitable for long-term and daily rental, you can also use it if you come to Batumi for work or on vacation with your family. You can rent your apartment through a management company or do it yourself. Advantages:...
BD Group
55 925 €
House in Batumi, Georgia
150 sq.m
Remote TransactionCryptocurrency payment
A house at a good price with a large garden. The site has access to all communications. Your own orchard. It's a good road. The house requires cosmetic repairs. Mountain views, birdsong. The documents are ready for registration, assistance at all stages.
Call and write at any time!
A luxury studio in a new premium residential complex is on sale! The territory of the complex is 6000 sq.m. and includes two blocks of 35 floors each The new Boulevard and the beach are 500 meters from the complex - a place of attraction for tourists all year round, there are also cozy cafes, a park, a casino and a shopping center nearby. A yard...
BD Group
142 802 €
Flat in Batumi, Georgia
45 sq.m111
Online ViewingRemote TransactionCredit
A modern branded hotel residence, built in the unique format of a five-star All Inclusive hotel with exclusive infrastructure and apartments with panoramic sea views.
Advantages of a new building:
prestigious location;
first line from the sea;
convenient transport interchange;
premium apartments;
modern architecture;
landscaped...
Satellite Estate
74 566 €
Flat in Batumi, Georgia
40 sq.m111
Rental property
An apartment for sale in the Old Town. Free layout. Black frame. Central heating. The house is located in the heart of Batumi, across the street from the Old Town. Excellent location, well-developed infrastructure: within walking distance of all the sights of the city, the best restaurants and shops, Europe Square and Piazza. The sea is a...
Apartment is in a developed area of the city. 1 bedroom, living room with kitchen area. There is furniture and appliances, batteries and gas heating. There are many shops nearby, close to the sea and attractions
The documents are ready for registration, assistance at all stages.
Write and call for real estate by the sea at any time!
RB - Real Estate
111 849 €
Cottage in Batumi, Georgia
159 sq.m321
Online ViewingRemote Transaction
A country village of townhouses combining comfort, coziness and safety.The complex is located in Kaprishumi, a picturesque corner of Georgia, on the banks of the river, just 5 km from the city of Batumi.Due to the unique location, the residents of our village can enjoy the beauty of nature and silence while staying close to the urban...
Atlas Property
93 208 €
Flat in Batumi, Georgia
62 sq.m211
Online ViewingRemote Transaction
For sale a cozy apartment of 62 square meters on the 24th floor in a beautiful area. This is an ideal accommodation for those who appreciate comfort and readiness to move in immediately after purchase. The apartment is fully equipped with turnkey renovation, which means that every detail of the interior is thought out here. The stylish and...
Atlas Property
44 740 €
Flat in Batumi, Georgia
24 sq.m11
Online ViewingRemote Transaction
Studio 24 m2 with turnkey renovation in a multifunctional premium residential complex, a world-class project with modern infrastructure. Profitable investments in the finished project.The house is rented out - the management company at the 5* level serves the guests. Real comfort — every detail is stylish, luxurious and comfortable at the same...
DO NOT miss the opportunity to purchase apartments at a great price in the most developing tourist destination - in the city of Batumi!!
Multi-apartment hotel complex PYRAMID!!!
Location: Batumi, village Adlia, the beginning of the New Boulevard, Windham quarter, 3 km from the airport, 250 to the sea.
A complex of hotel and residential...
VRC Idrisova
40 396 €
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 along Zhuli 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...
Atlas Property
143 796 €
Cottage in Batumi, Georgia
281 sq.m432
Online ViewingRemote Transaction
Installments of up to 12 months.
The modern cottage complex is located in an elite ecologically clean recreation area with amazing views of the Black Sea coast and the Adjara Mountains. Just a 15-minute drive from the center of Batumi. Cottages can be equipped according to your needs and according to your wishes.
The complex is built in a...
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.
