Is Batumi (Georgia) a good Investment?
Batumi's investment atmosphere is appealing for a variety of reasons, including its low cost, safe and pleasant environment, contemporary banking system, and favorable property tax legislation. Not only that, but Batumi is one of the most beautiful cities in Georgia, and it has long been one of the world's fastest growing tourist destinations.
However, as with every real estate market, there are advantages and disadvantages that you should be aware of before making an investment. Ruebush Group has been investing in Batumi with excellent success since 2013. Our founder began investing in Batumi real estate with only a $20,000 nest money. We turned that into millions of dollars in real estate holdings and developments in less than seven years. We feel that the greatest is yet to come and would love to assist YOU in being a part of it. Purchase a hotel room right now!
"Low taxes, a booming business, double-digit annual tourist growth, and a variety of other variables combine to make Batumi a site where anyone can seriously consider investing in hotel rooms."
Batumi is an appealing investment destination due to the 5% tax on rental income and the absence of capital gains tax provided you retain property for at least two years. Forbes named Batumi one of the greatest cities in Europe to invest in. Investors are drawn to the region's 2,000-year history and culture, as well as the low prices.
Inflation. Georgia's inflation rate is 4% per year, which is considered good among former USSR countries and is largely offset by the country's economic reform and the removal of bureaucratic barriers for investment.
Significant completion date has passed. By purchasing a house that is still under construction, there is always the risk of missing the date of substantial completion and incurring financial loss. It is advised to select dependable developers who have completed at least three significant projects.
The volume of the real estate market has decreased. Global crises and economic insecurity in the country can significantly reduce the cost of housing, but by purchasing apartments in apart-hotels or commercial squares, an investor enters the tourism industry, which is a more sustainable economic sector. The payback period for an apartment in Batumi is approximately 5-6 years, regardless of whether the property is rented or sold.
If you find a trustworthy partner, you can avoid potential problems when investing in Batumi real estate. Redco Development Country is one of Georgia's largest developers. It offers to buy homes from their own catalog without the use of a middleman, with the option to sign a contract remotely. Find out more by submitting a callback request on the website, and we will contact you right away.