Real estate ın Georgia

Investments in real estate in Georgia.

Investments in real estate have remained the main pillar for preserving and increasing capital for many years. The main aspect of creating a successful investment portfolio has always been and will be the right choice of an expert to build an investment strategy.
Team of the company - expert VelesClub Int. has been successfully growing and occupying a leading position in the field of international real estate since 2015 and by the end of 2023, our company’s services already cover more than 20 countries around the world.
In recent years, the Georgian real estate market has significantly improved the quality of construction, service, and created a confident springboard for its investment attractiveness.
Before making a decision to purchase real estate in Georgia, you should assess the current state of the country’s economy and the prospects for its development for several years ahead in all areas that affect the development and growth of the real estate market.
You can get expertise from our company on reviewing the entire range of investment projects in Georgia in the main regions of the country: Tbilisi and Batumi.

Let's start getting to know the country

Batumi is a city and port in Georgia, located on the Black Sea coast and is the capital of the Republic of Adjara. Batumi is the second most populous city after Tbilisi, the most important tourist, historical, cultural, economic and tourism center of the country.

Tbilisi is the capital of Georgia, the first city in terms of population in the country, whose history begins in the 5th century AD. The city is the most important cultural, political and economic center in the Caucasus.

Course on tourism

The most important factor in the growth of the construction sector and, as a consequence, the Georgian real estate market today is the diversification of the country’s economy across target sectors. Georgia has great potential for the development of tourism of all types all year round, regardless of seasonality, the country has great development potential in this direction.

“The key direction for the development of Georgia’s economy in 2024 is tourism. Tourism income for 2023 amounted to about $3 billion. Statistics of the tourist flow to Georgia show that the first three places are occupied by Russia, Turkey and EU countries, respectively. Many of the world's leading hotel chains and apartment complexes with all the necessary infrastructure are represented in the country. A tourist should feel comfortable in Georgia!” - clarifies the head of analytics and investment unit VelesClub Int. Ksenia Shamitko.

The Government of Adjara plans to open about 30 gambling centers in a short period of time and make Batumi a global gambling hub, which will naturally attract an additional flow of tourists from all over the world. In its advertising campaign, the Autonomous Government focuses not only on attracting tourists, but also investors for the opening of large hotels, shopping centers and casinos. Today, a distinctive feature of Batumi casinos is that the establishments’ staff speak Russian, Georgian, English and Turkish.

High potential for starting a business

“The Georgian government is making a lot of efforts to compete with popular offshore jurisdictions. The country has good laws, relatively low tax rates and pleasant benefits for IT business. These are the factors that make Georgia an attractive place for business relocation” - General Managing Partner of VelesClub Int. Sergey Tumanov.

Entrepreneur registration includes state and tax registration. Entrepreneurial activity is considered a legal and non-recurring activity that is carried out for the purpose of making a profit. A legal entity is registered with the Ministry of Justice of Georgia - the National Public Registry Agency.

Labor relations with a foreigner who does not have a permanent residence permit in Georgia and the implementation of paid labor activities are subject to regulation by law. A foreigner legally residing on the territory of Georgia has the right to carry out paid labor activities with a local employer.

The best areas of Georgia for investment

According to statistics, in Georgia the most real estate is sold in Batumi and Tbilisi. Other locations in Georgia are also in demand, especially the mountain resort villages of Gudauri and Bakuriani.

Particular attention should be paid to the Batumi real estate market. The city is growing, investments and prospects are growing. Be sure to invest in projects from well-known developers and management companies, branded properties with guaranteed returns under the personal management of the brand.

According to VelesClub Int. analysts, profitability in branded complexes can reach up to 23-24% per annum in USD, and the occupancy rate can be about 67% per year.

Apartments in Batumi have a developed infrastructure, their own management system, world-class services, quick payback, relatively low prices, a good business climate, a variety of branded properties, and a stable tourist flow.

“Enlist the support of leading companies in the global real estate and investment market and Batumi will become an ideal place for you to diversify your portfolio and build up your investment potential.” – Sergey Tumanov summarizes.

Any real estate investment requires evaluation and balance, and complete trust in market experts. A team of experienced managers at VelesClub Int. I am always ready to answer all your questions and accompany you at all stages of the transaction and subsequent reinvestment and diversification of your investment portfolio.