All real estate in Bakuriani, Georgia

Real estate in Bakuriani

Location, climate, and infrastructure

Bakuriani is a ski resort in Georgia. The city is located to the west of the capital - Tbilisi (180 km), in the Borjomi Gorge of the Caucasus Range. The climate is moderately cold, belongs to humid continental: winter is snowy, not frosty (-5°C), sunny, mostly windless.

Since the resort was among the contenders for hosting the 2014 Winter Olympics,

Georgia has invested huge funds here (about $ 3 billion), new tracks are being built specifically for the freestyle and snowboard world championship, which will be held in 2023.

Bakuriani is popular with its botanical garden, mineral springs, surrounded by forests, interesting for winter sports lovers with slopes of varying difficulty, a cross-country skiing track, jumps, untouched freeride slopes, hotels and spas.

Market and real estate prices in Bakuriani

This is the most profitable ski resort in the country, experts believe - the yield can be up to 20% per year, which is primarily due to the longest holiday season in Georgia (8 months a year), as well as developed and further improved infrastructure.

Activity in the market is increasing; experts state that the number of sales is growing, real estate prices in Bakuriani are also growing. Some temporary constraint may be the restriction of housing construction in the central part, so that the resort develops further along the valley. However, this will be an incentive for the development of the city as a whole in the medium term. An important factor in price increases and additional activation of the market is the arrival of citizens of Russia and Belarus, which is largely due to force majeure and geopolitical processes, so experts do not undertake to predict how long the upward trend will continue.

The minimum prices for an apartment in Bakuriani is from 700 USD per sq.m, for a detached house - from 800 USD per sq.m, commercial real estate - from 1000-1500 USD per sq.m, and land is quite expensive (about 100-120 USD per square meter).

Types of real estate in Bakuriani for sale

Real estate in Bakuriani is represented by primary and secondary housing, a commercial fund, development at the design or construction stages, and free land plots for development.

Investing in commercial real estate is an effective solution that will make it possible to earn money, create new jobs, and improve the economic performance of the city. Buying hotel apartments or a guest house is a fairly profitable investment, since the number of tourists in Bakuriani remains large. It is also interesting to buy a cafe, restaurant or shop, however, one should take into account the impact of the seasonality factor on business.

Low-rise compact buildings prevail in Bakuriani, especially since new regulations have come into effect: when buying a thousand square meters of land, a building can be built on an area of 200 square meters, restrictions have also been introduced on the height of buildings. The task is also to prevent environmental damage and a construction boom, given the conditions of the national park and recreational zone.

The resale market is also represented by low-rise residential complexes and cottages. Prices are not cheap, however, relative to European counterparts, they are not particularly high with approximate comparability of natural conditions. Those who decide to buy real estate here will be able to make good money on rent or resale due to the constant increase in the value of the land and the objects themselves in this location.

Real estate website in Bakuriani (entire catalog)

It is safer to use the information of experts, follow their recommendations. Investors and buyers can be helped by the GEOLN.COM website, where there are a lot of objects for sale presented.

Sale of real estate in Bakuriani (nuances)

Since the statement and transaction are drawn up in Georgian, it is important to find an interpreter. Many developers offer interest-free installments. Real estate can be bought for cryptocurrency. The new buildings do not have centralized heating, they use gas water heaters, air conditioners with a heating function and other equipment that the owner of the apartment buys on his own.

Foreign citizens can purchase any residential property in Bakuriani, except for agricultural land. If the cost of the purchased housing is one hundred thousand dollars or more, the foreigner has the right to obtain a residence permit.

Buying real estate in Bakuriani is beneficial for the purpose of leasing, reselling, generating high income, doing business, relaxing and living in a resort town with developed infrastructure and clean mountain air.