Property market prices in Georgia. Investment attraction.

The purchase of constructible land parcel on the coast, acquisition of residential and commercial property and their construction are the most preferable options from investment point view. By the end of a construction, residential and commercial places are realized on 85-90%, practically, on the moment of construct completion almost all spaces are already sold. Named above factors indicate the high degree of real estate liquidity.

As the example of Batumi real estate market we give the average cost data. Location, storey, object condition and the proximity to the sea have a great influence on the cost of real estate objects.

Territorially Batumi can be divided on three lines (areas). House numeration starts from the sea. Odd numbers are usually on the left side of the road and even numbers - on the right.

• First line (area): from sea to Chavchavadze St.
• Second line (area): from Chavchavadze St. to Bagrationi St.
• Third line (area): after Bagrationi St.

Secondary real estate:

• by the sea (is within 500 m from the sea): $500-1500/m2.
• far from the sea: $300-900/m2.

New buildings by the sea: (is within 500 m from the sea):

• at the beginning of a construction: $500-800/m2.
• at the end of a construction: $1200-2500/m2.

New buildings far from the sea:

• at the beginning of a construction: $400-700/m2.
• at the end of a construction: $600-1200/m2.

Commercial real estate:

• at the beginning of a construction: $1000-1500/m2.
• at the end of a construction: $1500-3000/m2.

In Batumi real estate objects renting is demanded all year round. The cost depends on the conditions, location and proximity to the sea:

• 1 Bedroom flat (30-50m2): $300-700/month.
• 2 Bedrooms flat (50-70m2): $400-800/month.
• 3 Bedrooms flat (70-100m2): $600-1000/month.
• Cost of commercial spaces renting: $10-30/m2 month.