Investing in real estate of Batumi

Batumi is one of the most popular resort cities in Georgia that attracts hundreds of tourists every year. Also, it is a bonne bouche for investors who want to invest money profitably at the coast of the Black sea.

Why to invest in Batumi?

Batumi is considered to be one of the most popular cities of Georgia not only because of the location at the coast of the Black sea but also due to other reasons.

  • Obtaining permanent residency

    The foreigner can obtain permanent residence in Georgia by purchasing the housing at a price of $35 000 or investing over 300 000 lari.

  • Fast payback

    Batumi is a resort city that means its investment attractiveness is higher thanks to a large flow of tourists and increased interest from the business. It is possible to get a payback from purchasing a commercial square for a hotel, restaurant, or shop within 3-5 years. Or, an investor may get 10-15 % from giving it in rent per annum.

  • Low prices

    The cost of real estate in Batumi is lower than in Tbilisi while the relatively equal commercial benefit. You can purchase an inexpensive flat in new development starting from $15 000.

  • Good business climate

    Georgian economics is oriented on foreign investing even for personal purposes. That’s why it is required only 20 minutes to start a business or purchase housing in Batumi.

  • Reliable and safe

    Investors’ rights in Georgia are protected equally well with the rights of the country’s residents. That’s why an investor can be confident that everything will be good with his/her property while investing in real estate.

  • Remote deal

    In Georgia the foreigners can conclude a treaty of purchasing-selling of real estate remotely, without visiting the country. The procedure takes place directly via developers, without intermediates, or via real estate agency.

  • Low taxes

    There are not any taxes for real estate in Georgia for natural people who are not registered as taxpayers in the country.

  • Excellent infrastructure

    Batumi has a well-developed touristic, transport, and social infrastructure. There are many schools, hospitals, municipal establishments, parks, squares, sport, and cultural objects.

  • Obtaining a residence permit in Georgia

    Buying real estate at a price of 35,000 US dollars entitles a foreign citizen to a residence permit in the country. In the near future, the Georgian parliament plans to revise the size of investments in order to be able to apply for a residence permit, so those wishing to invest money with the right of permanent residence in the country should hurry up.

  • Fast payback

    When purchasing an apartment or commercial real estate, an investor can calculate an income of 10-15% per annum from rent if the square meters are located in the center of a large city.

  • Low prices

    The cost of housing in Georgia is about US $ 300 per square meter in large cities such as Tbilisi or Batumi, and about US $ 100-150 per square meter in smaller towns. For example, the cost of a two-room apartment in a new building in Batumi near the sea can start from US $ 30,000.

  • Good business climate

    Georgia is in the top 50 countries with a low level of corruption perception, and the country's government regularly implements reforms aimed at liberalizing the economy and reducing bureaucratic procedures for business.

How to invest in housing

Investing money in real estate is a special type of investing that requires following certain rules:

  • State the purpose of investing. It is crucial to understand what purchased real estate will be used for: personal purposes or commercial goals, for further selling or giving it in rent?
  • Choose assets. Among the most popular objects for investing in Batumi are apart-hotels, trading squares, and commercial space for cafes, restaurants, and shops.
  • Set the investing period. It is necessary to calculate when invested funds will be paid back and when the real estate will start to bring income. On average, real estate in Batumi is paid back in 3-5 years if it is given in rent or sold.
  • Select the investing strategy. There are plenty of options for investing money in square meters. It may be purchasing the housing in still building a house, ready flat, or buying real estate on the secondary market with further architectural replanning.
  • Choose a reliable seller. Investing in foreign real estate always comes up with risks to deal with unscrupulous building owner or agent. That’s why it is important to choose the developer with an excellent reputation and experience of working in the market.

Investing in Batumi is a beneficial putting up of money for business and people who want to live in one of the best cities of Georgia.

Pitfalls while investing in real estate of Batumi

Investing in real estate is recognized as one of the most reliable and profitable from a long-term perspective. At the same time, it has some peculiarities that you need to consider before putting up money.

  • Safe and secure

    the developer is a participant in litigation;

  • Remote transaction

    errors in the sales contract, allowing to challenge its validity in the future;

  • Low taxes

    the difference in the declared and actual area of housing;

  • Excellent infrastructure

    the quality of the property does not correspond to the one declared by the developer.

Inflation. The inflation in Georgia is 4% per annum that is recognized as a good among former USSR countries and in most cases is leveled by the liberalization of the country's economy, as well as the elimination of bureaucratic barriers for investors.

Missing date of substantial completion. By purchasing the housing in still building object, there is always a risk of missing the date of substantial completion and as result financial loss. It is recommended to choose reliable developers who have already realized at least three large projects.

Decrease in the volume of the real estate market. Global crises and economic instability in the country can severely collapse the cost of housing, but acquiring apartments in apart-hotel or commercial squares, an investor doesn’t enter the real estate market, but tourism – a more sustainable economic sector. The payback period of the apartment in Batumi is about 5-6 years, despite whether the property is given in rent or sold.

You can avoid possible difficulties while investing in the real estate of Batumi if you choose a reliable partner. The development country Redco is one of the largest developers in Georgia. It offers to purchase housing without any intermediaries from their own catalog with the opportunity to conclude a treaty remotely. Find out more – leave the request on the website for a callback and we call you at once.


  • How to earn from real estate in Batumi?

    You can give housing in rent, especially if it is located in tourist areas, and get a profit from a flat in Batumi at 10-15 % per annum.

  • What is the real estate tax in Batumi?

    People who are not registered as taxpayers in Georgia, must not pay any real estate tax.

  • How to get permanent residency

    A foreigner needs to purchase real estate for $35 000 or more or invest 300 000 lari in the country’s economics to get a permanent residency.

  • How can a foreigner invest money?

    It is better for a foreign investor to approach a reliable real estate agency in Georgia that will take the responsibility for solving all questions and can guarantee the quality of purchased housing.