Why Investors Should Turn Their Gaze Toward Batumi’s Real Estate Market
Alexey GrigorievContents
For the past few years, Batumi has been casting a global investment net, enticing entrepreneurs with its promising real estate market. And the reasons behind this allure are truly captivating.
Batumi as a tourist destination
Airbnb, the property rental platform, has anointed Batumi as a fashionable European hotspot for travelers. This coastal gem on the Black Sea consistently draws an expanding wave of tourists from across the world each year. The result? A burgeoning demand for premium real estate, hotels, and apartments – all ripe for savvy investors to seize.
The resort has not only claimed the coveted title of ‘Rising Tourism Destination’ at the prestigious 2019-2020 World Travel Awards, often dubbed the ‘Oscars’ of the tourism industry. These accolades serve as affirmations of the Georgian city’s soaring popularity.
Batumi's real estate market in numbers
In Batumi, it’s not just about a two-week retreat; it’s about temporary sojourns and finding a new place to call home. In 2022, a staggering 15,000 apartments found new foreign owners, a testament to the city’s allure. With a robust 10.1% GDP growth even amid global challenges, Georgia’s economic prospects shine. Notably, during the pandemic, the demand for upscale housing surged, soaring by a remarkable 339% in Batumi.
Wyndham Grand Batumi Gonio
Furthermore, the nation has embarked on the development of high-quality premium real estate, capturing the attention of investors. Take a closer look at Gonio, Batumi’s most prestigious district, celebrated for its pristine beaches, where the Wyndham Grand Batumi Gonio hotel complex is taking shape. This venture is set to become Georgia’s premier 5-star All-Inclusive destination, boasting 100+ distinctively designed infrastructure facilities.
Within its bounds, you’ll find everything necessary for a lavish retreat. The complex will boast 16 villas, a premier beachfront townhouse hotel, a 20-story hotel replete with a water park, wellness center, and a luxurious SPA complex, as well as spacious family residences.
Investors choose one of two income options: a fixed income of 10% per annum under the contract, regardless of hotel occupancy, or occupancy-based income of up to 15% per annum. A buyback option is also available: after two years of ownership, you can get back 100% of the amount paid.
FAQ
Why are investors interested in Batumi?
A resort with growing tourist traffic: winner of the World Travel Awards 2019–2020 as a rising destination, named a fashionable European destination by Airbnb.
How is Georgia's economy growing?
Georgia's GDP grew by 10.1% in 2022.
What is being built in Gonio?
Wyndham Grand Batumi Gonio — the first 5★ All Inclusive in Georgia with more than 100 infrastructure facilities: a 20-storey hotel, family residences, townhouses and 16 villas.
What income can the owner of a hotel room receive?
When buying, you choose: a fixed income of 10% per annum under the contract, regardless of occupancy, or occupancy-based income of up to 15% per annum.
