Should You Invest in Batumi, Georgia Real Estate?

Real estate in Batumi, Georgia has been heavily marketed as a great place to earn high yields with a low buy-in. But while we love Georgia, we’re less excited about these deals.

Andrew Henderson and the Nomad Capitalist team are the world's most sought-after experts on legal offshore tax strategies, investment immigration, and global citizenship. We work exclusively with seven- and eight-figure entrepreneurs and investors who want to "go where they're treated best".

Andrew has started offshore companies, opened dozens of offshore bank accounts, obtained multiple second passports, and purchased real estate on four continents. He has spent the last 12 years studying and personally implementing the Nomad Capitalist lifestyle.

Our growing team of researchers, strategies, and implementers add to our ever-growing knowledge base of the best options available. In addition, we've spent years studying the behavior of hundreds of clients in order to help people get the results they want faster and with less effort.

DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

[Nooooooooooomore]

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,

[ilkkasasi]

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

Thanks for insights Andrew!

[LordHeigler]

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

[davidnebadze]

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

[NickDemski]

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

[gebe]

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))

[amir]

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.

[dmitrys.]

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

[InstantLuc]

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

[abhigyanmahajan]

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

[alexanderkarsonis]

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

[bewilderedwomenstravels]

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.

[racinerobinson]

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?

[clayelliss]

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.

[palmapartments]

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.

[SolOInvictus]

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

[margyiphillips]

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

[aryag]

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

[termita]

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.

[tareqalsadi]

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