How to sell a property? – Batumi Real Estate Update

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Properties for Sale in Batumi

Steps of Selling a flat in Georgia

How do you sell a flat in Georgia as a foreigner if you are not here physically? Selling a flat in Georgia is pretty simple-nothing complicated.
There are websites where you can list your property, but it takes a certain time- and effort. To sell a flat you need to be physically there to show the potential buyers your property, talk with them, negotiate, to finalize the paperwork. All these things are manageable if you are here physically, but what do you do if you are not here? or if you are here and you don’t have time to do all

Selling a flat remotely

 That’s  where we step in.  We take all the marketing efforts, we show  buyers the property, and we conclude the deal.  We save you some time and some effort with our remote services.
As a first step of selling a flat remotely, we prepare a power of attorney. Next, our clients apostille or legalize those papers and send originals to us. Then we can sell or buy the flat for you. As a last step, settle amount to your bank account.  That’s as simple as this.
Now let’s summarize – to sell a flat you need to use some Real Estate websites that are quite popular in Georgia and list your properties there, receive calls, 
meet your buyers, show them around, negotiate with them and once they agree on the terms you need to prepare a purchase agreement and register in you the
public service hall. 

The property sell procedure explained in detail

for those who are not in Georgia and cannot come to Georgia, we take care of property selling or buying remotely, with the help of the power of attorney. To sell a flat you need to use some Real Estate websites that are quite popular in Georgia list your properties there, receive calls, answer them, meet your buyers and show them the property, talk with them to negotiate terms and once they agree on the terms you need to prepare purchase agreement, go to the public service hall to sign these papers that’s it you are pretty much done. 

 When does the buyer pay while selling a flat?

 this practice is quite inconvenient for some people because it happens at the same time. Either you go first and sign papers and then the buyer gives you money in cash or bank transfer to you or either buyer gives you money at first and then you assign a paper. this is inconvenient sometimes for either party but that’s how a majority of deals are done in Georgia. We never faced any problems with that. For extra security, people can register pre-purchase agreements.  

What happens if the buyer won’t pay or seller won’t register ownership after buying a real estate?

 in that case, you will need to go to court. in that case, the pre-purchase agreement does not make any sense because you can go and prove that you are right in court with the sales agreement too. The terms of sale are all these details that I mentioned stipulated in the pre-purchase agreement as well as in the sales agreement. As some people think that they are extra secure with a pre-purchase agreement when the outcome is the same if either party did not comply with what they have promised. imagine what happens or what happens if they will sign this paper and the next day you will decide not to transfer this money the seller needs some Assurance as well as the buyer’s right there should be some mutual trust involved.

First of all, we check the status of the property in advance to make sure that there is no liability registered for that property and as we know that this property is all clean, with no mortgage usually you/


               Return on Investment in Tbilisi – High yield Real Estate


               I often hear that people are looking for high yield rental properties but want to invest as low as possible.  What we need to understand that property price is in direct correlation to property rental yield. Prices of some properties are higher and it is more demandable because it is supposed to be less risky and high yield property. So  cheapest property on the market and highest yield property is not often compatible. Cheap property for sale often times are riskier in terms of Investment. It might yield high but it is associated with higher risk. Our goal is to leverage between the risk we take and opportunity of investment return. It all depends on our goals at the end. Would you like to invest more now and feel less stressed when you sleep or you prefer to take higher risk and may more likely be tempt to lose your money which is so hard to collect?  Considering all above mentioned concerns I divided Tbilisi in three main real estate districts:

  • Hot
  • Cool
  • Calm

And calculated for you average market prices and possible rental yields. Go ahead and find the details and come back when you finish reading It.  Now as you are familiar with Tbilisi market let me introduce you to Batumi.

How much return on investment should you expect in Batumi?

Looking to buy a house in Batumi? Before you proceed and search for Batumi condo houses for sale make sure you understand the Batumi Real Estate market. That’s the reason I am writing this blog. Most of my readers are looking for beach front properties for sale in Batumi. Therefore I will be considering sea view flats here, which are made for investment. How much of yield should you expect from nicely located flat in Batumi on the first line of the beach? How much of Rental Income Should you realistically expect from your Batumi Property? Based on Most recent observation I concluded following:
Note: Below Prices are given in USD for your convenience.

Georgia Real Estate

    In my example I assumed that investment amount is 35 000 USD and calculated total real estate investment value, extracted expenses and calculated net profit – return on investment based on that. Now, If you wonder what kind of flats you can purchase for 35 000 you can see this.

Investment 35000
Total Revenue3900
Total Expenses768.2
Annual Return on Investment11%
high yield poperties

Prices of flats for sale in Batumi

                I weekly analyse market and shortlist the data to 6 most profitable deals in terms of ROI and not only. Thinking about real estate investment you need to consider risk associated with investment as well.  As Batumi is sea-side resort which host most tourists during summer beach front flats are  most likely to be rented out. Other apartments are rented after. Similarly apartment prices lowers as you go further from the sea. Apartments selling price is lower  further from the  sea as well.  You may even find apartment for 500 USD per sq.m in the outskirts of Batumi in an old building.  Beach front apartment prices start from  1000 USD. If there is huge market crisis obviously sea view apartments suffer less.

Is investing in Batumi real estate less risky than Tbilisi property Investment?

                Capital city always is associated with less risk factor. Obviously in case of major market crisis capital is always less affected. If you invest in Tbilisi central area, obviously your investment is secure, less risky. Batumi is highly depended on the season. There is still possibility to rent out flat offseason, but as you have probably compared in the graph  rent fee for Batumi property in comparison with same size investment flat to Tbilisi is less.  However on season compensates this and as a result shown above Batumi and Tbilisi Annual Rental Yield does not  display huge difference.  In addition to that, I can say that in Georgia there is relatively stable real estate market prices. Batumi is rapidly hosting more tourists each year. Your investment should be strategically planned taking into account the regional development plan. Also you should keep in mind that Batumi is not a huge city and coast is really limited. Apartments are rapidly building now and we see lowest prices on the market but at some point there will not be any more place on the first line of the beach so demand will start increasing. Governments try to give more importance to regions and always tend to implement new projects to develop regions, including Batumi and Adjara. There are several huge projects planned. Before making wise investment decision, taking more risk in a sake of more profit sometimes can be a good idea.

Which Property is the best to Invest in Batumi?

Most people looking to invest in Batumi Real Estate often think to buy a condo house or one-bedroom studio flat.  Did you ever consider commercial space? If I would be investing right now, I would definitely go for commercial space. By commercial spaces I do not mean offices, there are real estate properties used by shops, banks, pharmacies, bars, and restaurants. Even if there is no tourist in the city there will be still demand for this kind of property in the market. A good commercial property might be your risk-free investment in Batumi. Now, well obviously price per sq.m for commercial properties is higher than for flats for sale, but in terms of ROI commercial space gives the same or more ROI with less effort.  Your tenant is some business, not an individual so it is relatively stable for you. Considering property investment alternatives in  Batumi, don’t miss out on commercial space deals. It’s worth to be paid attention to. 


You still got more unanswered questions regarding the real estate market in Georgia? I might have answered them. Here I collected some of the frequently asked questions on the property market of Georga/

Real Estate Agent in Batumi

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Highest rental income properties in Batumi 2022 update

After pandemic situation of Batumi real-estate is relatively stable. Two most popular property type for investment in rental income is seaside-flats, condos. If you know batumi real estate number, you would notice how many skyscrapers are built every year. Most of the flats are condos. Supply is increasing every year. That was my concern when I was thinking of my own real estate investment in Batumi. On the other hand, Villas are undersupplied. We have invested in Villa, rental market is definitely undersupplied. It is much easier to Rent this type of property throughout the year. We generate on average 15% of return annually. Sometimes as high as 25% too. Apart from current advantage, we believe villas will outperform flats for several reasons. When buying a property there are to types of income to take into consideration – rental that is usually taken into consideration but property appreciation is often understimtated. Due to nature of Villas, there are limited supply of lands and hence will always be limited supply of Villas in contrast to flats. Apart from that, if you compare to European countries, you can now purchase Villa for a price of a flat in Europe. For more detailed recent Batumi real estate market overview check this out.

Hire your english speaking real estate agent in Batumi Now

Looking for real estate investment for passive income? Good news, you are on a right spot. There is numerous ways we can help you with that. If you contact us we will offer you either of these.

  1. Offer you our Ready-Made Beach Front Properties
  2. Offer you Luxurious Villas
  3. Build your own luxurious own house
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This Post Has One Comment

  1. Stephane Malabar

    My name is Stephane and I have been interested in investing in Georgia real estate, one flat for now. I understand the differences between Batumi and Tbilisi.
    Which project would you recommend to invest in from abroad, offering services of renting and maintaining the property ? And also in terms of financing, are there any options and obviously what are the legal obligations involved?

    Thank you,

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