18/03/2025
🏙 Batumi: A Growing Rental Real Estate Market with Impressive Metrics
Batumi, the pearl of the Black Sea coast of Georgia, demonstrates steady growth in the rental real estate market, supported by impressive statistical data.
📈 Price and Demand Growth
Price Increase: The average price of new properties in Batumi increased by 8%, reaching $1,126 per square meter.
Demand for New Builds: Sales of new properties in November 2024 rose by 49% compared to the same period in 2023, indicating a growing interest in modern residential complexes.
🏖 Tourist Appeal
In 2024, Georgia welcomed 7.4 million travelers, a 4.2% increase compared to 2023.
Batumi, as a leading tourist center, continues to attract millions of tourists thanks to its beaches, cultural events, and developed infrastructure, ensuring steady demand for rental properties.
💼 Investment Opportunities
Foreign Investments: In 2024, foreigners made up 25% of real estate buyers in Georgia, with Russians accounting for 24%.
Rental Yields: Rental yields in Batumi reach up to 12% per year in USD, significantly higher than in other countries in the region.
🔮 Future Outlook
It is expected that the trend of growth in the real estate market in Batumi will continue into 2025, supported by infrastructure development and an increase in tourist traffic. This creates favorable conditions for investors seeking stable rental income.
Invest in the future with Batumi and take advantage of the growing rental real estate market!
