What kind of apartments are in high demand in Batumi?
Batumi has always captured the hearts of investors. One of the outstanding seaside cities in the world with amazing beaches, surrounded by mountains and many unique cultural monuments is a truly fabulous place. Tourists come here throughout the year. Stable high demand and a large flow of tourists are a guarantee of quick income. Considering all these reasons, it can be safely said that buying one’s own residential apartment in Batumi today is both prestigious and profitable. Accordingly, real estate sales increased significantly. In particular, the average growth from 2015 to 2022 was 26.8%. And in January-February 2023, compared to the same period in 2022, the increase is 59%.
About 70% of sales are made in the new boulevard and the central area of the city. About 15% of sales are recorded in the first line of the sea. 90% of sales come from small and medium-sized apartments, mostly 25-50 and 50-80 square meters.
This city is indeed extraordinary for getting stable income from your investments. It has a favorable and stable environment for business. Real estate prices are increasing every month, which is affected by expensive construction and reduced supply. In particular, the real estate price index in GEL increased to 124 as of December 2022, while it was 103 in 2021.
