Why does the Batumi resort attract tourists from all over the world?
- Batumi: the perfect blend of tradition and modernity on the Black Sea
- Why is Batumi a unique resort and educational center of Georgia?
- Why does Batumi attract foreign investors and tourists?
- Why is buying real estate in Batumi becoming increasingly attractive?
- Investing in real estate in Batumi: is it profitable to invest in this market?
General description of Batumi
Batumi is not just a resort located on the Black Sea coast; it is an amazing place where healing air harmoniously blends with magnificent landscapes and modern urban infrastructure. From May to October, the weather here is ideal for a seaside vacation, attracting a huge number of tourists. Since 2004, the city has been granted the status of“national project”For Georgia, this led to significant volumes of investment and large-scale reconstruction. This circumstance contributed to the development of Batumi as one of the fastest-growing resorts on the Black Sea coast.
The fusion of traditions and modernity
In this unique city, ancient traditions harmoniously intersect with modern achievements, creating a special atmosphere of prosperity. Batumi has become an attractive destination for major investments aimed at constructing new buildings and hotel complexes, among which futuristic skyscrapers stand out. These architectural masterpieces have become symbols of the city — among them, one can find prestigious apartment complexes and five-star hotels that are part of international chains.
Historical atmosphere
Despite its rapid development, Batumi has managed to preserve the atmosphere of ancient culture. This aura is felt in the narrow streets of the old part of the city, where the traditions of local cuisine thrive in the cozy cafes and restaurants. The hospitality and friendliness of the locals add even more warmth to the overall impression of the city.
City structure
Batumi is conditionally divided into three zones:
- First zone— This is the waterfront.
- The second and third zones— the central districts of the city.
The key pedestrian artery is Batumi Boulevard, which runs along the pebble beach known as Batumi Beach. This first area is the heart of the tourist and investment infrastructure. It is home to numerous restaurants, bars, and cafes. This part also features the most elite apartments and condos. Additionally, popular five-star hotels such as Sheraton, Radisson, and Hilton are located here.
Hobbies and attractions
From the height of the panoramic Ferris wheel, there is a stunning view of Batumi. Don't forget to visit Europe Square with its mesmerizing fountains and the impressive monument to Hercules. Chavchavadze Street divides the city into northern and southern parts. The northern part houses the old town—a historic square where Batumi originated in the early 20th century. To truly feel the historical atmosphere, it's worth taking a stroll along Baratashvili Street to the coastal port.
Tourism and business in Batumi
Batumi attracts abouta million touristsand the flow of vacationers is only increasing. However, the city is not limited to just tourism; it also serves as an important business and cultural center of Georgia. Business forums, festivals, and concerts are regularly held here, making it a central hub for a wide variety of events.
Cultural life of the city
In addition to cultural events, the city offers a wealth of picturesque parks, theaters, concert halls, and art galleries. Batumi also boasts a water park and dolphinariums, making it an ideal destination for family vacations. The cable car and botanical garden highlight the natural beauty of the region. The nature reserves around Batumi provide excellent opportunities to enjoy the beauty of the local flora and fauna, adding unforgettable experiences to your holiday.
Batumi: A Unique Resort on the Black Sea
Batumi, located on the coast of the Black Sea, is an attractive destination for tourists due to its rich cultural heritage and numerous historical landmarks. Among the most famous places that are a must-visit are:
- Museum of Arts of Adjara;
- Batumi Archaeological Museum;
- local history museum;
- a theater named after the outstanding Georgian writer Ilya Chavchavadze.
There are several casinos operating in the city, and soon they plan to open another thirty, which will allow Batumi to take fourth place on the list of the largest gambling centers in the world.
Education in Batumi
Batumi is also becoming an educational hub in Western Georgia, home to institutions such as Shota Rustaveli Batumi State University and Batumi State Maritime Academy. In addition to these institutions, the city hosts:
- about twenty schools;
- the same number of kindergartens.
This creates comfortable conditions for families with children who wish to spend an extended time in this resort area.
The Historical Heritage of Batumi
The history of Batumi dates back more than two thousand years. The first mentions of the city can be found in the works of Aristotle, who wrote about a Colchian settlement called Batus in the 4th century BC. There is a theory explaining the origin of the city's name from the Latin word "batus," which translates to "depth." This makes sense considering that the port in Batumi is the deepest in Georgia after the port of Sukhumi.
Archaeological excavations conducted in this area indicate that people began to settle these territories as early as the 2nd-1st centuries BC, actively engaging in trade relations with neighboring regions. At the center of ancient Batumi stood a pillar in the fortress of Tamara, which served as an important cultural and economic center along the Koralitskali River. Understanding such a deep history allows for a better appreciation of the harmonious blend of ancient traditions and modernity.
Accessibility of Batumi for Tourists
Tourists are also pleased with the convenient access to Batumi. Direct flights from Moscow are operated by Georgian Airways and S7 Airlines. Flights are available twice a week — on Tuesdays and Saturdays, with a travel time of about two and a half hours. If a tourist is in Tbilisi, there are various ways to reach Batumi:
- domestic flights by "Georgian Airways" (about 40 minutes);
- trains (the journey takes about eight hours);
- route taxis (about six hours).
It's only two kilometers from the airport to the city center, making it easy to get there by taxi or minibus.
Public Transport in Batumi
Additionally, it is worth noting that Batumi has a well-developed public transportation system. The city offers a variety of transportation options, including:
- buses;
- minibuses;
- taxi.
This makes moving around on it extremely convenient.
The hospitality of Batumi
Hospitality is one of the main qualities of Batumi. This city is truly multicultural. As of January 2015, the population of Batumi was about 145,000 people, of which 90% are fluent in Russian. The local Caucasian mentality creates a unique atmosphere familiar to anyone who has visited Georgia at least once.
Despite the historical political conflicts between our countries, the friendliness and hospitality in Batumi remain unchanged. Here, Russians are warmly welcomed and continue to be called "brothers." Foreigners can always count on a warm reception and engaging conversations.
Investor interest
In recent years, there has been significant interest in vacationing and investing in real estate in Batumi not only from Russian citizens but also from residents of Azerbaijan, Ukraine, Belarus, Turkey, Poland, Israel, China, Armenia, and other countries in the Persian Gulf.
The introduction of a visa-free regime for foreign citizens has made visiting Georgia easier; this regime now applies to 94 countries, including Russia, Ukraine, and Belarus. It allows international tourists and investors to stay in the country for up to a year, unlike the previous restrictions that did not exceed 90 days.
Culinary traditions of Adjara
Adjara cuisine, in turn, deserves special attention, as the numerous dishes characteristic of this region are largely shaped by the unique climate of the mountains. The culinary traditions of Adjara are characterized by generosity and richness, using local ingredients; for example, Adjarian cheese, butter, and sour cream called kaymaghi.
11 September
Don't miss the chance to try traditional dishes such as:
- trout baked in walnut leaves;
- Adjara khachapuri.
- I don't understand.
- Adjarian khachapuriwhich is a dough with egg and Imeretian cheese.
As in most Georgian feasts, you can always find an abundance of wine, fresh vegetables, and herbs here.
The appeal of Batumi
What attracts people to Batumi? According to various international studies conducted in the field of safety and crime rates, Georgia ranked third in the world according to Gallup World from 2010 to 2012. Additionally, in 2014, the country was in 11th place among 197 countries in the corruption index, allowing it to surpass many European nations, including the Netherlands, France, and Norway.
Conditions for doing business
According to the report by the World Bank and the International Finance Corporation on the ease of doing business, Georgia ranks among the top positions in the world. In this category, it is in eighth place. It is particularly noteworthy that the country holds:
- first place in real estate registration;
- third in lending;
- sixteenth in terms of investor protection rights.
For comparison, Russia is in 115th place.
Tax advantages
Moreover, Georgia stands out with low tax rates compared to other countries in Eastern and Central Europe. The process of acquiring real estate here does not incur additional costs for the buyer. In comparison, in most European countries, the annual property ownership tax can range from 1% to 10% of its market value, while in Georgia, there is no property tax at all.
There is no need to pay VAT during the real estate purchase process, and mandatory home insurance is also not required. Notary fees and legal fees related to the transaction are usually borne by the seller, making the buying process more attractive for foreign investors.
Buying real estate in Batumi districts
One of the most sought-after areas for real estate purchases in recent years has been the Batumi region. Russian citizens are increasingly paying attention to this place, thanks to a multitude of enticing advantages.
Reasons for attractiveness
- Mild climate
- A long swimming season
- High gastronomic culture
- The friendliness of the local population
These factors create exceptional conditions for comfortable living and relaxation. In Batumi, there are virtually no issues with the language barrier, and the presence of various educational institutions, such as kindergartens, schools, and universities, makes this city particularly appealing for families with children.
Conveniences for customers
Moreover, the relatively low prices and quick flights, simplified visa procedures, as well as the ease of real estate transactions add convenience for potential buyers.
Infrastructure and investment attractiveness
The city's infrastructure and active construction in Batumi are becoming strong arguments for investment. The foundation for these investments is the stable growth in real estate prices, which experts believe fluctuates between 20% and 40% annually.
Purchasing process
The process of acquiring property in Georgia is quite simple: you only need to have your passport with you, and the transaction can take as little as 15 minutes. Moreover, banks offer attractive conditions for foreign investment projects and installments, with low interest rates ranging from 9% to 12%.
Statistics and target audience
According to statistical data, about 85% of buyers, both local and foreign, are looking to invest in real estate for income generation. The two coastal lines of the city, especially along the famous Batumi Boulevard, are the most sought after for such investments.
New housing projects
Currently, new residential complexes are actively being built in Batumi, intended for both permanent living and vacationing, which creates diversity in the real estate market.
Popular residential complexes
- High-rise buildingsOrbi Grouplocated right by the sea
- Modern buildingsMardi Holdingin the city center
- ProjectsDreamland Oasison the outskirts
Individual approach to purchasing
If you want a more personalized approach, you might consider purchasing a plot of land on the coast with the aim of building your own house according to a custom design.
Profitable investment options
Leading experts emphasize that the most profitable investment properties are apartments in apart-hotels, which can be used not only for personal residence but also for renting out.
Example of investment returns
For example, one can assess the profitability of purchasing a small apartment with an area of 30 m² in a newly built apartment hotel on the first line from the sea. Such a choice allows not only to enjoy picturesque sea views but also to receive a stable income from rentals, making investments in the real estate of the Batumi region truly profitable.
Conclusion
This city is truly an attractive place for investors who want to make their investments not only safe but also profitable. Each of these aspects makes Batumi a cozy and desirable destination for both permanent living and vacationing, especially for Russians considering the option of purchasing real estate in this amazing resort city.
The cost of real estate at the initial stages of construction is around $25,000. However, after a year and a half, once the operating permits are obtained, the price jumps to $51,000. Conducting a "turnkey" renovation will require an investment of about $10,000, and the daily rental price will be $70. During the three months of the active rental season, it is possible to earn around $6,300, but keep in mind that 9% of this amount will go towards the management company's fees. Annual maintenance costs for the apartment amount to $240. All of this results in an overall return on investment of 15%.
Clients and preferences
According to data from Orbi Group, more than half of the company's clients in Batumi are Russians. Many of our compatriots prefer small apartments, which are ideal for both investment and vacationing on the Black Sea coast. The average prices in the secondary real estate market in Batumi range from $650 to $950 per square meter.
Real estate prices depending on the zones
- First zone: from 1,000 to 4,000 dollars per square meter;
- Second zone: from 550 to 900 dollars;
- Third zone: from 350 to 600 dollars.
In new buildings that are in the initial stages, the price per square meter ranges from $550 to $800. Once construction is completed, the price can rise to $1,000 to $1,500, and in Orbi Group projects, it can sometimes reach $3,000 per square meter. These facts indicate a unique positive trend in the market and high liquidity of real estate properties.
Examples of prices in new complexes
For example, in a new complex being built by the sea, the price per square meter starts at $900. A studio with finished interiors, measuring 35 square meters, costs from $31,500, while a two-bedroom apartment measuring 75 square meters starts at a minimum of $67,500. Away from the city, in the multifunctional complex Dreamland Oasis, studios of 35 square meters start at a price of $60,000 "turnkey," while two-bedroom apartments of 116 square meters cost from $220,000 in the same format.
Prices for apartments in the center of Batumi
In the central part of Batumi, the price per square meter in new buildings starts at $450. A 35-square-meter studio without finishing can cost around $14,000 (and it's worth considering an additional $30 per square meter for the "white frame"), while the price for an unfurnished two-bedroom apartment of 75 square meters is $33,750 (with an additional $30 per square meter for the same "white frame").
Housing rental
When it comes to renting out property, during a long tourist season when the influx of tourists is particularly high, short-term rentals in Batumi prove to be more profitable compared to long-term rentals. Specialists from Orbi Group note that with regular short-term rental of apartments, the return on investment period is 3-4 years.
- The average rental price for apartments in Batumi ranges from 70 to 100 dollars per day, and this amount depends on the area.
- The average price for a long-term rental of a one-bedroom apartment ranges from 300 to 400 dollars per month.
- In the summer season, the rental price in the first zone can range from 100 to 400 dollars per day.
- In the second zone - from 50 to 200 dollars;
- In the third one – from 30 to 100 dollars.
Conclusion
In conclusion, Batumi is an amazing blend of tradition and modernity, making it not only an attractive resort but also an important cultural and economic center. This city, which attracts millions of tourists every year, impresses with its diversity and unique atmosphere. I was struck by the picturesque streets of the old town, the cozy cafes and restaurants where local culinary traditions prevail, preserved and passed down from generation to generation.
Every visit to Batumi reminds me of the amazing harmony between history and innovation. Futuristic skyscrapers, which have become symbols of the city's modern appearance, coexist with ancient monuments and traditional markets, where one can truly feel the spirit of Georgian culture. The wonderful natural landscapes, beautiful beaches, and stunning nature make Batumi an ideal place for relaxation, while the developed infrastructure allows for comfortable enjoyment of both cultural events and business meetings.
The hospitality of the local residents
What stood out to me the most was the friendliness and hospitality of the locals. Everyone who comes to Batumi feels this warm attitude, which creates an atmosphere of comfort and safety. The hospitable Caucasian spirit perfectly reflects the character of the city and its people.
The future of Batumi
Finally, Batumi not only attracts tourists but also seeks to attract investors by creating new opportunities for business and innovative projects. I believe that this unique city has many exciting events and changes ahead.
Personal impressions
I hold my admiration for Batumi in my heart, and I hope that everyone who visits this amazing corner of the world will experience the same feelings. This city is a blend of history, culture, nature, business activity, and, above all, the kindness of its people, which makes it a truly unique place to live and relax.
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