Reasons that will make you buy apartments in Tbilisi
Georgian real estate is booming lately. Because of Georgia’s free and transparent atmosphere, buying apartments in Georgia, especially in Tbilisi, Batumi, and Gudauri is a very smart decision. Each of the locations has its superiorities, but in this article, we will talk about the capital of Georgia, and the reasons why you should buy apartments in Tbilisi.
The capital of Georgia
Tbilisi is the capital and the largest city of Georgia. It is lying on the banks of the Mtkvari River with a population of approximately 1.5 million people.
Tbilisi has a very rich history. It was founded in the 5th century by King Vakhtang. Since then it has served as the capital of various Georgian kingdoms and republics.
Because of location, being on the crossroads between Europe and Asia, and its proximity to the Silk Road, Tbilisi has always been an important city for global empires.
That is the reason why Tbilisi’s architecture is so unique: a mix of medieval, neoclassical, soviet and modern styles.
Besides history, Tbilisi is the economic and political center of Georgia. Almost half of Georgia’s GDP is produced in Tbilisi.
Because of its history, uniqueness, and importance, you really should consider buying apartments in Tbilisi.
The safest in the region
By the latest results, Georgia is the safest country in the region and Tbilisi the safest city.
This information might be very useful for those who are hesitating, because of the stereotype that Eastern European countries can’t be safe. The reality is that your property in Tbilisi city will be very well secured.
Affordable prices
Although the city is improving these days, Tbilisi apartments are with the best prices. In the center of Tbilisi, you can buy comfortable apartments for under 40000 USD. The price range is very wide. There are Apartments for sale in Tbilisi for 600$ per square meter in suburbs as well as for 1200$ in the center. Of course, the location and the quality of the property affect its price greatly, but that does not change the fact that house in Tbilisi is one of the cheapest among all European capital cities.
Take into consideration that buying a property at an early stage of construction can save you a fortune. When the house is completed and connected to all the utilities, the price is rocketing .
Incredible renting possibilities
Buying apartments in Tbilisi is not only possessing new property, but also a chance to earn money. Renting flats in Tbilisi is a very demanding service and mostly has 2 types of costumer: Tourists and Georgians from other cities.
Georgia is a beloved place for tourists. The number of visitors is rising year after year and in 2019 was above 8 million. They are the main lessees.
Renting flats in Tbilisi is a popular option for Georgians from other cities, as Tbilisi is an economic and political center of the region. Besides, Most of the best universities are located here , that’s why urbanization is booming .
Tourism from all over the world and all year long
While searching for apartments for sale in Tbilisi, you might think that being addicted to tourism is dangerous for future business. We can’t say so about Tbilisi, because the inflow of tourists into Georgia has been growing steadily over the last ten years.
Tbilisi is an old town with eclectic architecture and superb eating and drinking opportunities – it’s the capital of wine homeland. Tbilisi is a multicultural city with a mix of European and Asian styles. In the last 15 years the city became a favourite place for clubbers and had developed the electronic music and techno scene. Another reason to start looking for apartments for sale in Tbilisi is that the business never sleeps here. Tbilisi has no seasonality as such that’s why Tbilisi is crowded with foreigners all the time.
No bureaucracy quality of public services
Buying Tbilisi apartments is very easy. The process of purchasing real estate in Georgia is fast and transparent. Georgia is 7th among 190 countries in the World Bank Doing Business 2020 ranking.
Property rights are registered at the House of Justice or via an agent, which can be a bank, a notary public, or a realtor. The registration process takes between one and four days only. The amount of the state duty that you choose to pay has a direct bearing on the speed of property rights registration:
50 Gel — 4 business days;
150 Gel – 1 business day;
200 Gel – the property rights are registered on the day of application.
These are the reasons why you should start searching for apartments for sale right now. Possessing real estate in the capital of Georgia is a great way to invest money and a chance to gain a fortune in the future.