Batumi Real Estate

You may think you can purchase a property in Batumi without a real estate agent. But it’s a common mistake that buyers make when getting started with Georgia’s housing market. The experience of BatumiExpert clearly shows that you’re still better off relying on experts to avoid money risks because:

• If you’ve never lived in Batumi before, you’ll find it hard to choose the right neighborhood. Some shortcomings may not be obvious, and you may only notice them in certain months or after living in the place for a long time.
• There’s a risk of real estate scams even in a friendly country like Georgia, especially when buying a property remotely. That’s why we conduct in-person inspections for all properties, scrutinize documents provided by the real estate developer/owner, and list pre-inspected deals. We’ve been working with trustworthy developers since 2018 and put the extra effort to ensure your real estate purchase is safe.
• All real estate developers want is to quickly sell as many properties as possible. They don’t care about your preferences. On top of that, their deals are limited in floor plans, making you settle for whatever is available. However, we partner with many developers and list way more options for you to choose from.
• Even though it’s pretty easy to prepare and handle any paperwork in Georgia, you won’t want to sign a real estate purchase agreement until a qualified specialist reads it. At BatumiExpert, we take a thorough look at all documents and can guide you through the necessary real estate contract changes that represent your interests best.

The demand for seaside properties in Georgia is high enough for new buildings to appear at all times. Real estate developers always compete with each other, which keeps prices from soaring. To put it in context, we’ve compared the average cost of a square meter in new constructions by the sea in Batumi and popular European resort destinations as of 2022:

• Batumi, Georgia - $600/m²
• Alanya, Turkey - $1,000/m²
• Protaras, Cyprus - $1,800/m²
• Benidorm, Spain - $1,900/m²
• Tivat, Montenegro - $2,000/m²
• Ischia, Italy - $2,000/m²

Unlike European resort locations, you don’t have to shell out extra thousands to buy a property with sea views in Batumi. An unfinished studio flat under construction will cost you only $18,000-$20,000. The best thing is that Batumi apartments for sale are cheap because there’s intense competition between real estate developers, not because they compromise on the quality of materials and property designs.

These days, there’s still cheap real estate in Georgia. But most flats and apartments are quickly bought as soon as the construction begins as more and more investors and expats come to the country. So, if you’re planning to buy a cheap Batumi apartment for sale to live in or rent out, there’s no better time than now.

You can easily find prices for all seaside properties on our website. For more options, our listings go beyond just those and include commercial properties, houses, and land deals.

The profitability of renting out a Batumi property is 10-12%. It’s high enough to protect your savings and grow them faster than keeping your money in the bank.

Simply imagine you’ve purchased a 30m² apartment for $600/m², with your investment totaling $18,000.

The average daily rent is $60 during the vacation season from early June to late October and $30 in other months. The occupancy rate is also subject to seasonality and is approximately 24 days per month in high season and 11 days per month in low season.

From October to May, many property owners rent out their apartments long-term rather than on a daily basis. That results in $300 per month as the average monthly rent, excluding utility bills to be paid by the tenant.

Tot it all up to see that you can make $5,760 and $2,640 in high season and low season, respectively. The annual rental income is $8,400.

Let’s get to the expenses column. Many property owners choose to hire a property management company for all things rentals and maintenance. This will cost you about $1,000 per year. You’ll also need to set aside $700 for utilities, the country’s annual average.

Deduct these expenses, and you’re left with $6,700 in net rental income per year. The payback period is 2 years and 7 months.

With this real-life scenario, it’s easy to see that investing in real estate is way more profitable and reliable than bank deposits.

In Georgia, property maintenance costs are low. More specifically, you’ll need to pay around $57 in monthly utility bills for a 40m² property, while those who own properties in European resort cities are usually landed with €110-€120 bills every month.

Often, if you rent out your property long-term, it is the tenant who is responsible for monthly utility bills. On the other hand, utilities are included in the rent for daily rentals.

Some Batumi real estate developers act as property management companies and can maintain your property for an additional fee. Their services include:

• Finding tenants
• Property cleaning and ventilation
• Repairs
• Paying for utilities and more

Some property management companies make it more convenient for property owners to manage bookings, track expenses and rental income, and transfer profits to their bank accounts using an online service. This is a perfect option for those living in another country and property owners who don’t feel like tackling the renting routine in person.