Return on Investment in Georgian Real Estate:
- Annual rental return: Ranges from 8% to 12% for long-term rentals.
- Tourist rental returns: Can reach 15-20% in tourist areas during seasons.
- Property value growth: Ranges from 5% to 10% annually in central and developing areas.
Based on these returns, the capital recovery period ranges between 7 and 10 years, which is good compared to many global real estate markets.
Future of Georgia's Real Estate Market:
Projections indicate continued growth in Georgia's real estate market in the coming years, driven by several factors:
- More economic and legislative reforms to improve the investment climate.
- Continued growth in the tourism sector and increasing tourist numbers.
- Improvement in infrastructure and urban development projects.
- Growing international interest in Georgia as a promising investment destination.
- Expansion of economic and trade relations between Georgia and Gulf and Middle Eastern countries.
In conclusion, real estate in Georgia represents a promising investment opportunity for investors looking to diversify their real estate portfolios in emerging markets with great growth potential. By following the previous tips and using local experts, investors can achieve outstanding results in this promising market.
