Batumi: how real estate is becoming an attractive investment opportunity?

How is Batumi becoming the center of real estate investment in Georgia?
Why do infrastructure projects in Georgia attract foreign investors?
Why consider investing in our Calligraphy Towers residential development?

Batumi: A City at the Intersection of Tradition and Modernity

Batumi is a captivating city where traditional customs and modern trends elegantly intertwine. Its unique charm gives this place a special appeal. The city is rapidly developing its infrastructure: new residential complexes are actively being built here, significantly increasing interest in real estate investments.

In this article, we will take a detailed look at the current events in the real estate market of Batumi, as well as explore the wonderful residential complex Calligraphy Towers.

Growth of Georgia's economy and real estate market

In recent years, the economy of Georgia has not only shown recovery but also significant growth. The real estate market has been particularly notable, with Batumi and Tbilisi standing out as the most interesting investment destinations.

For example, in May 2022, Batumi showed an astonishing 70% increase in housing sales.
The entire real estate market achieved an increase of 66%, an increase of59 million dollars;
This active movement in the market is further propelled by the construction of a new residential and hotel complex.Calligraphy Towerswhich is being realized by a well-known Georgian investment and construction companyGrand Maison.

She focuses on creating quality housing that provides comfortable living conditions.

Experts' opinion on the current real estate market

Nana Kikawa, the Sales and Marketing Director of Calligraphy Towers, shared her thoughts on the current market situation:

"Despite all the difficulties caused by the lockdown, Georgia's economy is not only recovering but also showing impressive growth results. According to the latest data, in May, the economic growth was..."11.6%This has a positive impact on the transformations in Batumi: the city is actively developing its tourism potential, and according to experts, in the next five years it could become a worthy competitor to global resorts. All of this, in turn, leads to an increase in demand for real estate.

Real estate market dynamics

If we analyze the situation from the first quarter of 2021, the real estate market has grown by259%...and this trend doesn't seem to be dying down. Residential properties in Batumi can be divided into various categories, such as:

location
proximity to the sea;
developers

Therefore, the price categories are quite diverse — from$30,000 to $300,000for the apartment. Experts point out that by 2025, the era of affordable housing may come to an end, which makes potential investors think twice as they still consider investing in real estate.

Goals of purchasing real estate in Batumi

Buying real estate in Batumi has different purposes:

Some buy apartments for themselves;
others — for subsequent rental, which is becoming increasingly popular;
For the third, such an acquisition represents a profitable investment, which in a growing real estate market can be considered a very wise decision.

Batumi, with its amazing spirit and rapid development, continues to attract both locals and foreign investors, confidently establishing its place in the real estate market.

Privileges for foreign investors in Georgia

In Georgia there is a unique opportunity for foreign citizens - exemption from paying real estate tax. This circumstance makes the real estate market of the country especially attractive for foreign investors. If you purchase a home worth 100 thousand dollars or more, you can get a short-term residence permit for up to one year with the possibility of extension. If your investment exceeds 300 thousand dollars, you will receive an investment residence permit for up to five years, with the subsequent possibility of registration of permanent status.

Unique project Calligraphy Towers

Our offer on the housing market includes one of the most attractive projects - Calligraphy Towers complex, located in rapidly developing Batumi. This is a modern luxury residential and hotel project consisting of three separate skyscrapers, which are closely connected by a three-storey platform with major infrastructure elements, including a casino.

Structure of residential blocks

In Block A, which consists of 35 floors, there is a hotel under the Hampton by Hilton brand, owned by the renowned Hilton Worldwide network. The architectural and engineering solutions of the complex meet the highest standards, allowing clients to purchase rooms and become owners of a ready-made business. They buy fully renovated rooms that can be rented out through our management company.

Blocks B and C provide apartments that are ideal for both living and renting. You are not obliged to hand over the management to our company - you have the option to choose any other management agency. Block B is a 45-storey residential building and Block C is 40 storeys high.

Infrastructure capabilities of the complex

The Calligraphy Towers complex offers a wide range of recreational facilities including:

Calligraphy Cinema
Piano & Lounge Bar with live music
Co-working area for work
Conference room for business meetings
Indoor swimming pool of 290 square meters
Spa center for relaxation
Modern gym
Green park for relaxation
Parking spaces
Casino
A variety of restaurants
Common terraces with a beautiful view
Additional services, including transfers by golf carts to the beach.

It is important to note that all the terms and services mentioned above are clearly spelled out in the contract.

Construction timelines and project completion

Construction work on the complex began with Block B in August 2020, and the complete finish of this block is scheduled for December 2023. The construction of Block A started in August 2021 and is expected to be completed by December 2024. The construction of Block C will begin in October 2022, with an anticipated completion date at the end of 2025.

It is expected that the entire infrastructure of the complex will be operational simultaneously with the completion of Block A. By the end of 2023, all rough works on all three blocks will be completed and residents of blocks A and B will be able to enjoy the comfort of living without worrying about further construction processes.

Why do investors choose Calligraphy Towers?

Investors choose Calligraphy Towers for a variety of factors that create the best conditions for successful investments. This combination of unique offerings, favorable terms, and growth prospects makes the project particularly attractive for those looking to invest in the stable and growing real estate market of Georgia.

Attractive features of our project

One of the most significant advantages of our project is its strategically convenient location, as well as the assurance that nothing new will be built near our residential complex. We are collaborating with the renowned construction company "Grand Maison," which is famous for the high quality of its properties.

Also, as mentioned earlier, Calligraphy Towers has signed a contract with the international hotel brand Hampton by Hilton, which raises the status of our complex to a new level.

Rent flat in Tbilisi 450,00 $

Georgia,Tbilisi

1 Bedroom

1 Bathroom

50 м²

Sale land in Stari Bar 196 350,00 $

Montenegro,Stari Bar

1 м²

Sale flat in Tbilisi 51 000,00 $

Georgia,Tbilisi

1 Bedroom

1 Bathroom

37 м²

Rent flat in Tbilisi 1 100,00 $

Georgia,Tbilisi

1 Bedroom

1 Bathroom

50 м²

Rent flat in Tbilisi 550,00 $

Georgia,Tbilisi

2 Bedrooms

1 Bathroom

90 м²

Rent flat in Tbilisi 500,00 $

Georgia,Tbilisi

1 Bedroom

1 Bathroom

74 м²

The presence of a full-fledged management structure and developed infrastructure contributes to the constant inflow of tourists to the hotel, which provides employment all year round.

Favorable conditions for investors

We are ready to offer investors really favorable conditions. In our Block A we guarantee yields at the level of8%in the first year, after which the minimum profit will be3%for all subsequent years. Thus, over the course of ten years, our clients can return up to35%of their initial investment.

This is just a minimum level of income, as the actual results will certainly be higher, considering the growing interest and rising prices in the market. Investors can familiarize themselves with:

design sheets
schedules for construction work
management conditions
with all the necessary permits

on our official website or at the sales office.

Simple process of buying an apartment

The process of remotely purchasing an apartment in our residential complex is characterized by simplicity and convenience. We offer a variety of residential complexes with layouts for one or two rooms, as well as studios ranging from29 square metersand ceiling heights2.8 meters.

Buyers can purchase apartments at Calligraphy Towers either in person or remotely. The remote process is very convenient:

First, the desired block is selected.
Then we decide on a specific apartment.
Next, we are preparing the contract.

To execute the contract remotely, we will need customer details such as ID card, valid e-mail and contact phone number. A copy of the contract will be sent to the customer, and after signing it, the customer will return the document back to us.

The payment must then be made according to the invoice issued, and as soon as the first installment is received, the apartment is considered sold. The registration of ownership will be carried out at the house of justice after the arrival of the client. If it is necessary to carry out this procedure remotely, a trusted person in Batumi will be needed, the cost of this service will be as follows165 lari.

Apartment prices

The prices for apartments vary depending on the location of the block. For example, you can buy a studio in Block A starting from$44,000.In Block B, the price of studios with white frame finishes starts from the price of studios with white frame. In Block B, the price of studios with "white frame" finishing starts from26 thousand dollarsand can reach higher values.

Opportunities for those wishing to purchase an apartment

For those looking to purchase an apartment, we offer a variety of options. If you are unable to pay the full amount upfront, you can take advantage of the interest-free installment plan from the developer until the construction is completed, making the buying process significantly more accessible for many clients.

Conclusion

In conclusion, looking at the main aspects of Batumi's development as an important center for real estate investment, it has become obvious to me that this city of the future offers many unique opportunities for foreign investors. Its dynamic development, confirmed by economic growth statistics, creates exciting prospects. Government support, including property tax exemption for foreigners and the possibility of obtaining a short-term or investment residence permit, further strengthens the attractiveness of this region.

Project Calligraphy Towers

I can't help but emphasize the importance of the project.Calligraphy Towers...that not only blends into the existing architecture of Batumi but also sets new standards for residential and hotel construction. Modern high-rise buildings with comprehensive infrastructure and service levels that meet the best global standards provide unique conditions for both living and profitable investments.

Prospects of the real estate market

Interest in Batumi as a place for real estate purchases is growing, and this only confirms that the market is experiencing a period of change. The anticipated shortage of affordable housing by 2025 only adds to the confidence of those currently considering investment options. Batumi is becoming not just a resort, but also an actively developing economic center, where a friendly atmosphere and warm climate attract people from all over the world.

To summarize

I urge everyone interested not to miss the opportunity and to pay attention to this unique market. Batumi is more than just a beautiful coastline. It is a city that offers quality housing, profitable investment opportunities, and an atmosphere where the past harmoniously blends with the future.

Investing in real estate here is not just a financial boost, but a step into a new life filled with prospects.

Main conclusions:

Batumi has a dynamically developing economy.
Government support for investors: no property tax.
The Calligraphy Towers project provides high standards of housing.
Growing interest in real estate in the region.
The future of Batumi as a center for investment.

On this happy note, I conclude my review and hope that readers will find useful information for making a decision about possible investments in Batumi. This city is waiting for you with open arms, ready to reveal its secrets and opportunities.