Should You Invest in Batumi, Georgia Real Estate?

Is it good to buy in batumi now, prices are much higher than before I've been told, I liked the lay of it, being from no nature country,

Can you give the name of the realtor that you trust in Tbilisi?

My father bought 3 apartments at the Marriott there 2 years ago. Hopefully, it will be worth the investment

Be armed everyone .

The evil ones will and are killing us.
Never put up the school on the internet.
I am so happy, that I relocated to Querétaro, Mexico, because USA is too deadly and expensive.
God is in charge. You kill bodies, but spirits are released. Karma never loses an address.

Andrew, can you please share the contact info of those two agents in Georgia?

Somebody mentioned Malaysian Chinese?

So do you recommend us to invest in Batumi, Georgia Real Estate now is it safe to invest thanks a lot?

His analyses are totally wrong. Batumi real estate is booming and it will continue to be so at least in the nearest future (5-10 years) and if Georgia becomes member of EU prices will fly.

Almost 9 Milion people visited Georgia in 2019, and probably 80% visited Batumi or around Black see. Consider how small georgia is I think 8 Milion people is a lot per capita

what if you don't live there and don't have the opportunity to go there, look around and purchase but still want to invest in real estate?

Thanks
Good advice
I was surprised at how wet Batumi was over two winters
My observation
Over developed currently
Rents are very cheap
Visa situation still good
For now
Worth considering ✌

Guys don't come georgia.this is best million dollar advice.lots of stray dogs in street.many building about to fall . airport immigration are not welcoming ,are disrespectful ,they think Georgia is switzerland.any place you go lot of bullshit .it is not cheap ,that's another lie ,dozen of eggs $1.25 .same as u.s price .

Buying Properties around the world does not make any sense anymore. Buy properties where you live full time and make sure you can get to them within a 3 hours car drive. Everything else is pure insanity. The world is moving towards long term travel restrictions and zones segregation. Communist regimes around the world are popping up like mushrooms after rain. Even the US is starting lean left, which tells me that ownership of things, is at risk of a total loss. I hope I m wrong..

But, you can't avoid the fact that Batumi is going to be higher level than today, and prices are going up all the time (except pandemic moment). thing with Batumi is that more new building are rising more popular it gets, it has taste of Miami for Armenian, Azerbaijan, Kazakhstan and all middle Asian people because they have no sea, and they don't need visa to visit Batumi. A lot of good projects are happening in here and government is also kinda supporting it.. So investing in Batumi is still good idea if you like the city and you can wait for 5-10years))

Well, you can also have a look in Romania, Europe, at the Black Sea we are building the BIGGEST HOTEL IN EUROPE 1215 rooms, at Nordis group, you can invest in hotel rooms , and 7% percent return of investment each year.
We already have contracts with Ferrari, Rolex, Dsquared, let me know if anyone interested to be a share holder at the Biggest 5*** hotel in Europe...

What if me and hubby are just looking to relocate and buy a business in Batumi, to li e, work eventually retire. We're in Canada, empty nesters and the cost of living in Canada is ridiculous.

What are your comments on buying a studio with Orbi group(market leader perhaps)?

Thank you for the advice. Was thinking about Batumi recently, you have great points

Thanks for video! Totally agree: if you buy a 30 -40 000 USD apartment in Batumi then don't be surprised to rent your apartment at the same price like everyone does. Simply, because there is an oversupply of apartments on the market - almost all apartments look alike. So, if you want to invest in property now, you should invest in residential complexes, which offer various types of service and provide an amazing conditions for your leisure time in Batumi. If you like to buy an apartment for youreslf to live in, then the person to whom you are going to rent your apartment - will definetly value it for the price higher than on the market. So, when investing in Batumi you should not think trivially.

What about gambling? Maybe is a factor to take in consideration because in Turkey casinos are Forbidden which attracts foreign players/tourists to Batumi.

It is good for new comers i will follow you

Batumi good or bed invest in real estate for rent?

turkey is better deal.

where is georgia located in the world map? is it in the caribbean or europe?

I'm originally from Colombia. The colombian peso devaluated 30%+ compared to the dollar in the last year. Colombia has a wealth tax. Laws and taxes just get crazier. Laws favor tenants tremendously. My investments in USA are safer and generate cash in a solid currency I can spend around the world . Just my take. I can't get around the idea of investing in countries with weak currencies.

Great video. Thank you.
1. Batumi is the 2nd largest city after Tbilisi, and it is developing every year to be a 4 season destination, as well. Take for example a winter resort “Goderdzi”, which is located just in 2 hours from Batumi.


2. I agree with you about the point of investing in complete, finished project. It means that building is constructed, you can see the infrastructure which is offered within the project, for example at least a swimming pool and a restaurant, which is functioning; you should, also, pay attention to the percentage of sold and operated apartments, so you can see a real picture of renting service.


3. Regarding the Russian speaking investors, they are not only investing, they move to Georgia for living purposes. That is why, investing in Batumi is more popular among them.


4. Regarding the return on investment: supply for real estate is higher than a demand, and therefore rent prices on the market have dropped: more cases + more opportunity to choose = increased competition, which causes decrease in rental prices on the market. That is why you should invest in diversified residential complexes rather than in apart hotels, which are almost the same everywhere.


5. Another issue about investing is: because of the fact, which seems to be attractive for the first time - “cheap investment” - people don’t want to pay attention to other projects, which comparably seem to be expensive in Batumi. I think it is a common mistake and a wrong decision, because you should always observe everything on the market from all perspectives of view.


Finally, you are right - most important fact about investing in Batumi is - you should really like this city and have a will to live in it.

Andrew could you elaborate regarding your masterclass on investing in Tbilisi?

Interesting to watch this video now while at the same time I am visiting Batumi.

Thanks for insights Andrew!

this is one of your best videos

Can i get your email ?

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Interesting, my experience in Warsaw has been to buy from the developer (but avoid the super high end where I believe you’ll lose), but historically a new apartment from the developer on the metro line would be my preference.

On the other hand, those same apartments subsequently on the secondary market are almost always overpriced.

Hey Andrew, thanks for all the content, much appreciated! What do you think of investing in property in Amman, Jordan? Low prices and some impressive yields. Thanks in advance, Connor

The perfect 👌 [ passport - citizenships ] combination is : - canada 🇨🇦 + malta 🇲🇹 + Mauritius 🇲🇺 = 177 countries visa free in ( 3 three continents ) all of those countries have English as official language

roi and aboslute yearly return are the key , not the price

Totally agree Andrew. I always like your videos but, This has been on of your better videos.
Why? Because of the specifics, I see more value in this type of clip.

Are you still going through with our plan for the arabesque arch in the new apartment?

Insightful video, Andrew. Thank you. I purchased an apartment in Twin Towers after seeing the ads while travelling to Batumi. The developer is well-known and reliable, and they are pretty much finished with the project right now. They advertised a 24% return, which matched the numbers when they did their study. But with the new properties flooding the market, I think a return of 11-14% seems a lot more reasonable and the returns will only decrease with time. I don't regret my decision to be honest, but I do realize it was extremely risky and didn't represent the best opportunity in the market.

Informative. I've been waiting for a long time for this video. Please consider talking about "co-ops" and "condop" in the future. Also love to see your views on renovation of detached houses as well. Love your videos, specially when they're about real estate. 💚 Thanks a lot.

Good afternoon Prof. Good afternoon Nomad Capitalist Team. Good afternoon Class.

Is it possible to get Argentine citizenship by being in the country and studying there for 2 years and more. (Only being there as a student)

What's wrong with Batumi's second hand market?

Didn’t Georgia recently change their immigration laws making it much more difficult to get citizenship through buying property?

Fully agree Andrew, I stay away from developers who are typically selling at market value or above market value. I learnt many years ago you make your money in property when you buy and the key is to buy below market value.

* joining

Thanks so much Andrew l met u in KL 2 days ago its Trev l am in London at the moment and off to Dominican Republic via Madrid shortly. l feel l achieved a certain amount of leverage (intellectual) meeting you and look foreward to jpining your group in the near future with a view to helping my partner and l achieve a second citizenship for her and possibly for myself although l do have an Australian and British passport
cheers Trev

Almost every inflight magazine has “incredible” investment “opportunities” in Batumi!!! Simple answer don’t waste your money!!! It’s not a good market and is saturated

Should I invest in a property first in the city I work in currently, or in a property overseas? Can't decide what makes the most sense

only turks and arabs buy estate in Batumi. climate is good, food is good, but too much chaos is the problem

More good advice. I'll always remember to avoid the 'value traps.' Where did you buy your mediocre property at?