Buying a new building in Georgia: a profitable investment and high rental income.
Georgia is becoming an increasingly attractive real estate investment destination, especially for those looking for high rental yields and long-term growth opportunities. According to recent data, Georgia's real estate market offers unique opportunities for investors, especially in the new construction segment.
One of the key benefits of investing in Georgian real estate is high rental yields. In Tbilisi's popular Didi Digomi neighborhood, for example, a studio can yield up to 11.8% per annum, and a four-room apartment up to 12.5%. These figures are significantly higher than the average in many other countries, making Georgia particularly attractive to investors looking for stable passive income.
The growing tourist flow and the increasing number of emigrants choosing Georgia for long-term residence are creating a steady demand for rental housing. This, in turn, keeps rental rates high and provides stability for residential real estate investments.
The cost per square meter in new buildings in Georgia varies depending on the location. In popular tourist destinations, such as Batumi and Gonio, prices reach 1500-2000 euros per square meter. However, in less well-known but promising areas, such as Kapanmushi and Kvareli, you can find offers for 500-700 euros per square meter. This difference in prices creates opportunities for both large investors and those who are just starting out in the real estate market.
Investing in real estate in Georgia can bring not only financial benefits, but also additional advantages. For example, the purchase of an apartment worth $300,000 or more can become the basis for obtaining a residence permit in Georgia. This is especially attractive for those considering relocation or looking for a “reserve airfield” in a stable and developing country.
Tbilisi, the capital of Georgia, deserves special attention of investors. The city is a unique combination of ancient architecture and modern infrastructure. There are numerous theaters, museums and business centers, which makes Tbilisi not only a cultural but also an economic center of the country. The Gldani district in particular is noted for its rapid pace of development, offering new apartments at affordable prices combined with well-developed infrastructure.
An important factor contributing to the attractiveness of the Georgian real estate market is the readiness of local banks to provide mortgage loans and installments to foreign citizens. This greatly simplifies the process of buying real estate for international investors, making the Georgian market more accessible and open.
However, as with any investment, it is important to approach the purchase of real estate in Georgia with due diligence. It is advisable to research the market thoroughly, consult with local experts and perhaps visit the country in person before making a final decision.
In conclusion, the Georgian real estate market offers a unique combination of high yields, growth potential and additional benefits such as the possibility of obtaining a residence permit. These factors, combined with the country's developing infrastructure and growing economy, make Georgia an attractive destination for real estate investors from around the world.
