Why buyers choose Batumi
Batumi lives on tourism. Many travellers rent a flat instead of a hotel room, so good short-term rentals are in demand all season. A property that is let can yield 10-16% a year. That depends on the location, the complex and the occupancy.
Taxes in Georgia are low. Registered rental income is taxed at 5%. If you sell after owning the property for two years, the gain is not taxed.
You do not need a large sum up front. Developers offer interest-free instalments: a small down payment and the rest in stages during construction. A foreign citizen can register an apartment in Georgia in their own name.
Four price segments
In Batumi you can buy a small studio or a first-line penthouse.
| Segment | What it is | Who it suits |
|---|---|---|
| Budget | Studio flats on the second or third line from the sea | Summer holidays or a rental property |
| Mid-range | Furnished one and two room flats by the New Boulevard or 5-10 minutes' walk from the sea, the best ones with rental management | Families who live there in season and let it the rest of the year |
| Premium | Spacious sea-view flats in a complex with a pool, spa, fitness centre and restaurants | Buyers who want the view and the facilities |
| Luxury | First-line penthouses with a view of the sea and the mountains | Long-term investors and those who want a home in Georgia |
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More about Batumi: hotel apartments, risks and frequently asked questions
