The best way to save and increase your savings is to buy real estate abroad. Investing in Georgia is considered a lucrative business. Let us explain why.
Georgia has established itself as a popular tourist destination. Foreign citizens willingly buy apartments, houses and townhouses here. For foreign nationals account for about 50% of all buyers. What attracts them? First of all, the opportunity to make money on rent. After all, thanks to the millions of tourists real estate in Georgia pays for itself in 5-6 years.
The highest demand is for elite residential complexes in the resort town of Batumi, on the Black Sea coast. Also popular are complexes in the capital Tbilisi. The biggest advantage is the affordable prices. For $50,000 to $100,000 you can buy a two- or three-bedroom apartment in a new building in Tbilisi, or apartments in Batumi on the Black Sea.
Newly-built houses in Georgia: actual or not
Buying a new apartment in Georgia is easy. An important point is simplified taxation, lack of corruption and bureaucracy. No taxes for buying or owning. No extra expenses for a lawyer and notary. Registration is fast, easy and transparent: takes half an hour and $40. Click here for more information. Thanks to its favorable law, the country attracts investors and entrepreneurs from all over the world. Another plus – easy conditions for visiting and staying. Citizens of almost 100 countries can come here without a visa. Open borders attract businessmen from all over the world to the land of sea and sun. It is especially convenient to live here for IT and freelancers. And all those who work remotely.
Why is it important to buy an apartment in Georgia? Because you can buy real estate at old prices. The global rise in prices for building materials, which shook the market in 2021, will definitely affect its value. Experts predict that its price will rise by an average of 15-20%.
“When people ask me when to buy an apartment in Georgia, I answer – yesterday. But seriously, the sooner the better. Apartments here go up in price year after year, by 15-20% on average. Those who invested two years ago, have already benefited. Our customers, who bought an apartment by the sea in 2020, this year sold 22% more expensive” – says the head of sales Sea Inside Alexander Meldenburg.
If you choose the right property you will have a steady income. Apartments and houses at the resorts are always in demand. The yield in Batumi is around 15-18%, while the global average is 4-10% a year. It is possible to say that Georgia – is a wonderful place for living and recreation, and a source of permanent income, and a kind of “emergency airfield”, where you can stay temporarily in case of difficult situation at home.