Real estate in Batumi and Tbilisi: a stable market and leaders

The real estate market in Batumi and Tbilisi: current state

Despite the changes in the political situation in Georgia, the real estate market in Batumi and Tbilisi continues to hold strong positions. In the capital of Georgia, Tbilisi, housing prices remain stable throughout the year, attracting both locals and foreign investors. This makes the region appealing for various forms of investment.

Current trends and risks

However, political changes may affect individual areas, but the overall real estate market remains stable. For example, in the city of Poti, there is a decline in property values, which is more likely due to the technical wear and tear of residential buildings than political factors. Potential investors should conduct thorough market research before purchasing real estate to minimize risks.

Construction activity in Batumi

Batumi continues its active construction boom with the development of both residential and commercial developments. Prices per square meter vary depending on various factors, including the stage of construction, location and materials used. of construction, the location of the property and the materials used.

The impact of the tourist season on the real estate market

The tourist season in Batumi, especially for economy class accommodation, reaches its peak in August. The entire season lasts four months, and this time can have a significant impact on supply and demand on the real estate market. real estate market. However, the oversupply in the economy class may lead to an expected drop in prices for both prices for both purchase and rental properties.

Conclusion

Thus, despite all the changes in the political situation, the real estate market in Batumi and Tbilisi remains stable and attractive to investors, offering a wide range of opportunities against the backdrop of the political situation. Tbilisi remains stable and attractive for investors, offering a wide range of opportunities against the backdrop of the actively developing Georgian market. actively developing Georgian market. However, for successful investments it is necessary to take into account the potential risks and thoroughly research the market before buying.

Batumi is a popular resort.

In Batumi, casino players come during the rest of the season and are accommodated in premium class hotels, which are presented in sufficient number to meet the needs of this type of vacationers.

Real estate construction in Batumi

The capital of Adjara is known for its popular seaside neighborhood, where modern apart-hotels are being actively built. modern apart-hotels, attractive both for investment and for personal use. The cost in the stage of initial construction starts from $500-600 per square meter, but as construction is completed, prices increase. prices increase as construction is completed. In already built complexes the price per square meter starts from 1000 dollars.

It's interesting that new buildings in Batumi often have a more attractive location compared to secondary housing. Here, you can find properties like apartments in Stalin-era buildings with high ceilings, which give them a monumental appearance. The new construction market is actively developing: new technologies, materials, and engineering communications are being introduced, and residential complexes are equipped with swimming pools, shops, and professional management services. These changes have led to a complete transformation of the urban landscape over the past five years.

Tbilisi is an active real estate market

Tbilisi, the capital of Georgia, is a place of constant activity in the real estate market. The majority of Georgia's population lives here, which explains why up to 80% of real estate transactions involve properties in the capital. Popular neighborhoods in Tbilisi include Saburtalo and Vake, as well as housing close to the subway. In tourist areas, especially in the old city of Tbilisi, rental apartments are popular. However the condition of old housing leaves much to be desired due to aging and cracks caused by earthquakes.

New buildings are being constructed with consideration for the seismic activity of the area, which leaves behind the problems associated with old structures. The average price per square meter in new buildings in Tbilisi ranges from $600 to $1900. The city is actively developing new complexes in the center, although according to the new master plan, new buildings will no longer be erected in the central districts, increasing the value of old houses due to their location.

Advantages of owning real estate in Tbilisi

The advantage of owning property in Tbilisi lies in its year-round season, making it a desirable destination for investors and those looking to buy.

Georgia: tourism and investments

In Tbilisi, not only tourists interested in the capital itself stop by, but also travelers heading out on short trips to other regions of Georgia. However, since there is simply no comfortable and quality accommodation in other parts of the country (with the exception of ski resorts and the Black Sea coast), they all return to spend the night in Tbilisi.

In conclusion, the stable housing market in Batumi and Tbilisi continues to be a leader in Georgia. These cities offer a wide range of residential properties for different categories of buyers with varying budgets and tastes. Batumi is experiencing a construction boom, while Tbilisi remains the most popular year-round destination. In both cities, the price of housing is determined by its condition, location, quality of materials, and other factors. The price of new or secondary real estate can vary significantly.

There are many new buildings in Batumi that offer modern amenities and technology, as well as developed infrastructure. as well as developed infrastructure. Despite the fact that Batumi attracts a lot of tourists, the season for the economy class housing here is relatively short. In Tbilisi, the most popular neighborhoods are. Saburtalo and Vake. Apartments near the subway are also in great demand. At the same time, in tourist areas, such as old Tbilisi, are bought for rent. In the center of the city there are many new buildings are being constructed in the city center, but according to the new general plan, no new islands of development are expected to be built in the center.

Overall, owning property in Tbilisi is undoubtedly a plus, as the city offers a year-round season and numerous opportunities for both living and investment. The local real estate market continues to develop, attracting both local and foreign investors. Before purchasing property in any of these cities, it is advisable to consult with a specialist and view the properties of interest on-site to make an informed decision.