So, you want to invest in properties in Georgia? Learn, how much you can earn!
If you decided to buy a property in Georgia you should take into consideration many details. Of course, the rent prices will vary according to neighborhoods, property space and other features. But we can give you some general information.
Tbilisi
Suburbs
In the suburbs that are not too far from the center, normal apartments can bring you about $200-$250. By normal, we mean old apartments with renovation, one room, kitchen, and a bathroom. To be simple, any additional room can x1.5 the rent price.
Such districts are Chughureti, Didube, Varketili, Nakhalovka, and others.
As for new flats, you can have about $300 from 1-2 room apartment.
Center
If your flat is in the center of Tbilisi like Mtatsminda or Old Tbilisi, you better do a renovation. These are the neighborhoods where tourists usually gather. With normal 1-room apartment, the rent can bring you $30-$50 daily and about $300 or more monthly depending on how central it is and renovation.
Vake, Vera and some parts of Saburtalo are also considered as a center.
Batumi
Daily rent is also common in Batumi.
With normal 1-room flat in the center of Batumi, you can get up to $50 daily. If you like to have long-term clients, prices start from $200 per month.
Mountain Resorts
You can also invest in apartments in mountain resorts such as Bakuriani and Gudauri. They have guests every summer and winter. Rent prices for 1-room apartment start from $200, monthly.
Take into consideration that Gudauri is only 2 hours drive from Tbilisi.
Office Spaces
It is also a good idea to buy properties and rent them as office spaces. Price per square meter goes up to $25 and maybe more in Tbilisi and Batumi for one month.
Some real estate developers also offer hotel apartments. This means, they use your flat as a hotel room for guests and give you your share every month. Here is the list of top developers in Tbilisi and Batumi. Some of them provide such a service and you can contact them for more details.
