International investors working with real estate study the countries in which it is profitable to invest. In recent years, Georgia has occupied a leading position in this unofficial list. Let’s see why.
Georgia attracts the attention of investors due to several factors. The first is simplified taxation. The country has a minimum of taxes – only 6 payments to the treasury (a few years ago there were 21 taxes). The second factor is the easy registration of property. You can register an apartment in your name in one day.
The third and, perhaps, the main factor is reasonable prices. They are much lower than in other countries that are interesting from an investment point of view. Georgia compares favorably with resorts with similar conditions (to buy real estate, for example, in Spain, Greece or Turkey is expensive, long and difficult). Elite real estate in Georgia can be bought for $60 thousand, and if purchased at the stage of the pit – and even cheaper ($30 – 40 thousand). It will be an apartment with sea views on the first or second coastlines. Such a place is convenient both for life and for earnings – real estate in resorts is always in demand. And Georgia is one of the most popular tourist destinations in the world in recent years. Buying an apartment worth $100 thousand, you can get a residence permit – a big plus for those who plan to move to Georgia to live.
Well, the fourth factor that is worth mentioning is the mild climate, beautiful nature and rich culture. Georgia, although a small country, but there is a lot to see. Each region is original and unique in traditions, customs and cuisine. Rocky cities, mountain peaks, ancient boxwood forests and clear lakes – it is impossible to list everything.
Are there any risks?
Bad is the investor who does not think about risks. Entrepreneurs of all times and peoples are guided by one and only principle – to invest less, to earn more, and that all this was associated with small risks. It seems that their dream has come true in the face of Georgia. The risks are really few. This is evidenced by the construction boom that has been observed in the country in the last decade. Houses, hotels and residential complexes are being built in Batumi and Tbilisi with incredible speed – Batumi has already gone beyond its borders, its borders have expanded up to the airport. And judging by the pace of construction, the city will still grow. And since all this is being built, it means that all this is being sold (another investment law: there is demand – there is supply).
On average, investments in real estate in Batumi pay off in 5-7 years, and this period is considered a fairly good turnover of funds. The fact that Georgia offers both sea holidays (Adjara region) and winter (Gudauri ski resort) makes the country profitable for investment.
