“A great investment in an up-and-coming destination that’s constantly ‘improving’ – by which I mean, always and constantly under construction.” Welcome to Luxury! (Or at least, what passes for luxury in Batumi…) Ever dreamed of owning a piece of real estate in a “luxury” market that offers the thrill of unpredictability and the aroma of …
Ah, Batumi. A gem by the sea, where the buildings rise faster than rents can fall and the concrete flows more freely than water. What could possibly go wrong in this Shangri-La of unlimited high-rises and bargain-basement quality? If you’re thinking of investing in Batumi real estate, well, let’s take a look at the highlights …
Introduction: The Dream Destination for Retarded Investors So, you’re thinking of buying property in Batumi, Georgia? Fantastic—especially if you’re the type who throws caution to the wind and loves living dangerously with your investments. Batumi, with its glittering skyscrapers and seaside casinos, looks like the perfect escape, and if you don’t mind a few major …
1. Market VolatilityThe rapid growth in Batumi’s property values may seem promising, but market trends indicate instability. Property prices have fluctuated significantly due to shifts in buyer interest and recent regulatory changes, and sales dropped by 15% in the first half of 2024, primarily due to reduced foreign investment and high interest rates. These changes …
In 2019, an investor named Marc, a Canadian national, decided to invest in real estate in Batumi, Georgia, after seeing the rapid growth and development of the city. He was particularly attracted to figures touting the growing tourism sector and the many new developments being marketed to foreign investors. Batumi, with its Black Sea coastline …