Hello friends, good evening! Does anyone know or have experience buying a property in Batumi, Georgia through a company...

Responses

1. 

   Adiel Zuarts February 27

   The local population is not the target audience of Batumi renters.
   On the one hand there is a crazy boost in construction in Batumi on the other hand not all construction is on the first line to the sea, and there is also an increase in the number of tourists coming to Batumi.
   There are many things to consider when buying an investment apartment in Batumi and no one can really tell if the demand will be the same as the supply in the coming years.
   Regarding the increase in Batumi, as of the 2018 analysis I did following price increases on 5 projects I identified an increase of about 35 percent (varying from project to project according to the stage of construction the project was at the beginning of 2018 versus the end of 2018) so there is currently a significant increase in value.

2. 

   Shelly Avidan Lotan January 24

   You should also read and carefully examine the potential for increased value / realization of the market. In my understanding, the place has been quite flooded in recent years with new construction for investors while the local population is quite weak with very little purchasing power

3. 

   Ilan Leibovitch January 24

   Don't know the company, but from experience with Georgia investors, I recommend that you check beyond the tips already posted here to check out its constructive and experience company and the collateral / collateral you receive that will guarantee the eventual receipt

4. 

   Sean Block January 24

   It is also very important to know what the source of income is. Tourism, local tenants short or long term. If there is a monthly management fee that must be paid when there is no tenant/income. This can turn a great Excel project into a hole in the pocket. And of course as soon as it comes to Europe, a short flight, hop on a short visit and see the place for yourself...

5. 

   Hagai Peled - Weidenfeld July 20

   Max Forum savvy forum manager is in the field in Georgia will contact him directly

6. 

   Shelly Avidan Lotan July 19

   Does not know the company but offers to pay attention to which markets choose to invest. Undeveloped countries like Georgia are tempting in terms of low prices but dangerous in terms of frequent legislative / tax changes, unstable regime and the like. And the most important parameter - the increase in the value of the property, is in doubt. Successfully!