Airbnb has become a leading channel for many real estate investors, most of whom rent and buy millions of properties. Georgian Airbnb market is no exception either. It has been growing immensely in the last few years. Here’s where and how to get profitable Airbnb locations in Georgia:
Tbilisi Market
Is Tbilisi, the capital of Georgia, the best place to buy and rent your property out on AirBnB? Yes and no – Tbilisi Market is already oversupplied, but still continues to grow. Compared to peers, rental supply in Tbilisi is way above- as a result, prices are pretty low.
However, low performing properties are leaving the market gradually. In addition to that, top performers take up the largest portion of the pie, so if you plan to become one and create a unique, one of a kind home for travellers, Tbilisi can be a great market for you, since it has a serious growth potential in the near future.
Batumi Market
Now, Batumi is whole another case, this city is a great AirBnB location. Don’t believe us? Ask AirBnB itself – Batumi is one of the AirBnB’s best 19 destinations for tourists. It recommends us to travel in Batumi in 2019. According to Airbnb, over the past year, its Internet popularity improved by 200%.
During the high season rental prices are much higher in Batumi, compared to Tbilisi. “Pearl of the black sea”- as people often call it, could be a great real estate investment if you’re interested in coastal region of Georgia.
Gonio
Beach resorts are one of Georgia’s biggest and fastest growing tourist destinations- so, maybe you’re looking for something less trendy, but up-and-coming location. If this is the case, we think Gonio is the best place to explore.
First things first- Gonio is technically a district of Batumi, But in reality those two could not be more different . Georgians also perceive Gonio as a whole another resort on the Black Sea coast. One of the main differences is that Gonio is still in its development stage.
So, if you are looking for a long term investment, Gonio could be it . According to the development plan, Gonio will deliver a fresh level of resort lifestyle that is not presently accessible in Georgia and will be a mixed-use international standard for leisure.
Aside from the long-term investment, prices are pretty high compared to other regions of Georgia even now. Median price for one night stay on AirBnB in Gonio is 50 USD dollars.
Bottom Line
Georgian real estate market is undeniably tricky, but there is no denying to the fact that tourism and travel is one of the fastest growing industries here. In the recent years Georgia and Adjara region experienced substantial increase of 29% in international visitors and there’s more- according to Colliers International the number is expected to grow by 8-10% during the next five years- so, be prepared.
