Real estate in new builds from developers of Batumi
Resale property from owners in Batumi
Commercial property in Batumi
Batumi. Hot real estate deals
Real estate in Batumi
Location, climate, economy, and culture
Batumi is a port city in Georgia, located on the Black Sea coast, the capital of the Autonomous Republic of Adjara. The climate is humid subtropical.
The port of the city has an oil terminal and a container terminal. The shoe, clothing industry, tobacco, tea, coffee, pharmaceutical and other industries are developed there.
The city has an international airport and railway station. Public transport is represented by a fixed-route taxis, a municipal bus, and a cable car.
Educational activities are carried out by Batumi State University, Shota Rustaveli, and Maritime Academy. The State Museum of Art, the Technological Museum, the Drama Theatre, the circus, the State Music Center and other cultural institutions are open to the public.
The city is a historical and tourist center (ideal for sea and mountain holidays, excursions to historical and natural places are interesting here), with high-rise buildings and some original examples of architectural design. In 2021, Batumi was included in the network of creative cities by UNESCO with the status of "City of Music".
Market and real estate prices in Batumi
Activity in the market is increasing, the growing number of sales can be largely explained by a large influx of Russians and Belorussians who are against the backdrop of force majeure in their countries. Experts state that real estate prices in Batumi are growing. The main buyers of apartments are specialists working remotely, including IT specialists. The trend towards an increase in demand and prices is connected to a greater extent with geopolitical processes, so it is difficult to say how long it will last.
The range of prices in general for real estate is quite large. A non-agricultural plot can cost from $30 per sq.m, whereas apartments, houses, and townhouses - from $600 per sq.m, commercial housing (shop, cafe, etc.) - from $1000 per sq.m (the price is affected by the distance from the city center, proximity to the sea, environmental quality, and infrastructure development).
Property types for sale
Real estate in the city is represented by primary and secondary housing, commercial fund (storage, retail, office facilities), development at the design stage, construction, free land plots for development.
Real estate in Batumi in the historical part is more intended for short-term rental to tourists; it is especially attractive to foreign investors. You can buy residential real estate in Batumi on the primary market in a residential complex at different stages of construction: black frame condition (with the completion of concrete, cement work), white frame condition (plumbing, electrical work), green frame condition (finished renovation without furniture and equipment), turnkey apartments (with furniture and equipment). The green frame is the most common purchase option by foreign investors, as well as is the turnkey option. Customer reviews confirm the compliance of the constructed facilities with building standards.
Investing in commercial real estate is also an effective solution that will create new jobs, improve the economic performance of the city and the country. Buying an apartment, a hotel, a guest house is a rather profitable investment, since the number of foreign tourists in Batumi remains large, it is also interesting to purchase a room for a cafe, restaurant or shop.
Individual low-rise buildings are a new direction for Batumi (they are represented by houses, townhouses, villas). Prices for such objects are high and continue to grow, so not everyone can afford to buy them. But, the one who acquires it will be able to earn on rent or capitalization due to the constant rise in price of land and real estate itself, especially in profitable locations.
Real estate website in Batumi (full catalog)
It is safer to use the information of experts and 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 Batumi (nuances)
Since the statement and the transaction are drawn up in Georgian, it is important to find an interpreter. Many developers offer interest-free installments. Some developers provide an opportunity to purchase real estate 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 Batumi, except for agricultural land (it is possible to change the status of the land too). 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 Batumi is beneficial for the purpose of leasing it and generating income, recreation and living in a seaside resort town with developed infrastructure.
Real estate prices in Batumi
|400$ / m2
|380$ / m2
|Old Batumi district
|750$ / m2
|430$ / m2
|2,000$ / m2