All real estate in Gonio, Georgia

Real estate in Gonio

Location, natural features, and infrastructure

Gonio is a district of the city of Batumi in the autonomy of Adjara in Georgia (a former settlement, entered the city of Batumi in 2013). It is located south of the mouth of the Chorokhi River (the sea here is considered one of the cleanest in the city). Gonio beach is rocky, quite well equipped (bungalows, hammocks, gazebos, various beach activities: jet skis, catamarans, water skiing, beach volleyball, trampolines for children), it has its own seaside boulevard - a place for walking.

Gonio is one of the oldest settlements; the area is famous for its historical monument (fortress-museum), which is actively visited by tourists. The country's authorities have begun to create a special economic zone, i.e. it is planned to build a new city on the site of undeveloped lands. It will house offices, banks, casinos. It is believed that this project will become a historical one, giving Batumi, the autonomy of Adjara and the whole Georgia an impetus for development. Gonio will offer a new level of resort lifestyle.

Market and real estate prices in Gonio

The real estate market in Gonio is growing significantly, as well as in Batumi as a whole. 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. It is more calm here than in the center of Batumi, and it is logistically convenient, since one of the busiest routes in the country passes there. From Gonio to the center of Batumi is only about 20 minutes drive. You can meet tourists from Russia, Armenia, Belarus, Azerbaijan, Kazakhstan and other countries there.

Real estate prices in Gonio are more affordable than in the city center (from $600 per sq.m), since there are still few new buildings, the secondary housing stock is mainly buildings related to the inexpensive segment. However, as the area develops, taking into account the implementation of the above projects, prices for all objects can rise significantly.

Real estate in the district is represented by primary and secondary housing, commercial fund (warehouse, retail facilities), buildings at the design or construction stages, and free land plots for development.

Real estate website in Gonio (full catalog)

It is advisable 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 objects for sale presented.

Selling real estate in Gonio: the nuances of choosing a home

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 Gonio, except for agricultural land (it is possible to change the status of the land too). The purchase of real estate in Gonio in the amount of one hundred thousand dollars or more entitles a foreign investor to obtain a residence permit.

Buying real estate in Gonio is beneficial for the purpose of generating income from renting the housing out, relaxing and living by the sea, especially given the big plans for the development of this area as a special economic zone - one of the most interesting investment projects.