Real Estate in Poti, Georgia

Real estate in Poti

Location, climate, and economy

Poti is a port city in the western part of Georgia, at the mouth of the Rioni River, on the Black Sea coast.

The climate is subtropical: hot in summer, not cold in winter.

This city plays a significant role in the country's economy; engineering industries (shipbuilding, ship repair, etc.) and the food industry are developed here. Port of Poti is one of the largest in the Black Sea basin. The Georgian government is taking measures to develop a free industrial zone here. The plan provides for global projects, in particular, blocking the Rioni River and creating new water areas. The largest airport in the Caucasus and several new hotels are being built. Poti is the most attractive for ecotourists. In the vicinity there are places with almost untouched nature: wild beaches, forests, Lake Paliastomi, which is part of the Colchis National Park.

Market and real estate prices in Poti

The real estate market in Poti will develop as the economy changes and the city's infrastructure improves. Demand for real estate is gradually growing, as are prices.

The minimum cost of real estate in Poti (per sq. m):

• new buildings - from 650 USD,
• apartments on the secondary market from 375 USD,
• commercial premises - from 800 USD,
• non-agricultural land - from 25 USD.

You need to understand that price values are in dynamics, so you should use up-to-date information.

Property types for sale

Real estate in Poti is represented by primary and secondary funds, commercial premises (warehouses, offices, guesthouses), and free land plots for development. Residential real estate in Poti is represented by apartments in residential complexes, detached houses (cottages), and apartments in hotels. You can buy residential real estate in Poti on the primary market at different stages of construction. Customer reviews confirm the compliance of the constructed facilities with building standards.

Real estate site in Poti (full catalog)

To reduce risks, it is advisable to use the recommendations of experts. Investors and buyers can find help on the GEOLN.COM real estate website, where there are many objects for sale all around the world.

Sale of real estate in Poti: nuances

Since the purchase agreements and transactions are drawn up in Georgian, it is important to find an interpreter. Some developers offer a discount, interest-free installments. 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 buys on his own. It makes sense to study the surrounding infrastructure more carefully before buying. Proximity to the sea does not imply easy access to it. Citizens go to the surrounding villages to visit the beaches.

Foreign citizens can acquire any real estate, except for agricultural land. If the purchase price is one hundred thousand dollars or more, a non-resident has the right to obtain a residence permit.

Buying real estate in Poti is a promising investment in order to generate income from renting the housing out, live in a city with a subtropical climate on the sea coast.