Batumi Added 17,000 Apartments in a Single Year. What was once a Soviet-era city has Transformed into a Modern Coastal Metropolis Filled with Luxury Towers, Foreign Investors, and Thousands of New Apartments
By Jamie Mcintyre
Batumi Added 17,000 Apartments in a Single Year.
What was once a Soviet-era city has transformed into a modern coastal metropolis filled with luxury towers, foreign investors, and thousands of new apartments.
But for property investors, more development doesn’t always mean more opportunity.
With thousands of nearly identical apartments competing in the same market, one distressed sale can potentially push down prices across an entire building.
So what happens when you combine low taxes, relatively cheap company formation, foreign capital, and residency incentives?
We take a closer look at Batumi’s extraordinary transformation — and what it means for anyone thinking about investing here.
