STABLE INCOME AND RESALE PRICE GROWTH
The investing climate in Batumi is interesting for many reasons; cost-effective, safe and friendly environment, modern banking system, soft property tax regulations, etc. Not only that, Batumi is one of the most beautiful cities in the country of Georgia and it has been one of the fastest growing tourist destinations on earth for many years.
Top 5 reasons to invest in Batumi real estate.
1-Stable & Developing Market
Georgian legislation protects the investments of foreigners. Assets of foreign investors cannot be the subject of expropriation. Batumi has experienced double-digit growth in both population and tourism every year for over a decade.
2-Georgian-EU Relationship
Georgia signed an Association agreement with the EU, which provides Georgian companies access to European markets and liberalizes the flow of people and goods between Georgia and the EU.
3-Low Taxation
0% ownership tax, only 5% income tax on rental income, and 0% capital gains tax on properties held for at least 2 years. Georgia has extremely low taxation for foreign real estate investors. Additionally, according to the Constitution, increasing tax rates in Georgia is only possible through a national Referendum.
4-Low Prices
The average market price for a fully finished investment grade property in Batumi is around $1500 per square meter, making it the most affordable in Europe. In some cases you can invest in property here for less than $1000 per square meter and still have a modern property in a newly constructed building near the sea.
5-Good Return on Investment
From 2013 through today, you can see an average yearly return on investment over 20% per year when we combine rental income and resale price growth. Our average rental occupancy is 85% throughout all 12 months of the year, including 2020 and 2021. Our average property generates over 16% yearly through rental income alone.
