Buy an apartment in Batumi: prices & locations
After sea tour in Geiae, many people are eager to buy an apartment here. But is it possible, how difficult and dangerous is it, where is it better to buy a house and, most importantly, how much does it cost? These are the main questions that arise after a grand thought.
How and where to look for an apartment to buy in Batumi
Website with ads for the sale of any real estate in Georgia
Remote purchase of apartments or any other real estate is a common practice in Georgia. The large classifieds portal of Georgia — AllSellers.ge will help you in choosing. On the site you will find a huge number of ads for the sale or rental of real estate throughout Georgia. Batumi is no exception — all current real estate with prices, descriptions, photos and contacts of sellers on one site. Choose among thousands of offers from private sellers or real estate agencies in Georgia.
On the site you will find a large list of ads for the sale or rental of real estate throughout Georgia. Batumi is no exception — all current real estate with prices, descriptions, photos and contacts of sellers on one site. Choose among thousands of offers from private sellers or real estate agencies in Georgia.
Having previously selected several suitable ones, arrange in advance to inspect the apartments upon arrival and in a few days you will be able to complete all the documents.
How to buy an apartment in Batumi
I would like to say right away that it will not be difficult to buy an apartment in Batumi. And to do this, you only need money and only a few days. To be more precise, the whole procedure of registration of purchase and sale takes from one to four days.
To make everything go smoothly, after choosing an apartment, you should draw up a purchase and sale agreement. If you purchase real estate from a developer, then they always take care of these concerns and draw up documents very quickly.
If you are buying a second home, then you will need to decide between the buyer and the seller who will deal with the documents. At the same time, do not forget that all foreign citizens need a translation of documents. The translation service with notarization costs about GEL 10 per page.
There is also an option not to bother with all this, but simply sign a primitive contract of sale in the House of Justice, which is issued directly at the reception. But know that this is the simplest contract and it is impossible to prescribe any terms of the transaction there.
Legal features of buying an apartment in Georgia
When everything is ready, come to the House of Justice, get a special number where the consultant will receive you and register the transaction. This process takes about 15 minutes, after which you need to pay for the registry services at the bank (counters nearby).
When you make a deal, you will be asked for how long you want confirmation, the price of the service depends on it. Confirmation on the same day will cost 200 GEL, for 1 day it will cost 150 GEL, for four days it will cost 50 GEL. The results of the registry come in SMS, though in Georgian.
By the way, do not be alarmed when the House of Justice will give you a simple printout of the registry without wet printing. In Georgia, all documents are stored electronically, so the majority of the population does not have any paper copies.
If necessary, you can always go to the Justice Department and they will print everything out for you there. In short, buying an apartment in Georgia is very fast, simple and transparent.
Where to buy an apartment in Batumi inexpensively
Naturally, everyone wants to buy an apartment in a new building on the seashore, or at least with a sea view, but the price depends on this. Roughly speaking, the farther the apartment from the sea, the cheaper and the closer — the more expensive.
The price of the first line with a sea view in Batumi
On average, you will be offered a price of $850-2000 per square meter. Why such a big gap, you ask? It all depends on the builder. So, in Batumi there are two large construction companies Orbi and Alliance, which are famous for the number, height and design of buildings.
Most of their houses are hotel-type and they always keep the brand, so the beauty and order inside is ensured, and this all affects the price.
Prices for new houses on the first line but without a sea view in Batumi
This is also a great option, because the first line will always be in price. So, at the beginning of building a house, such an apartment can be rented for $650-1000 per square meter, in a completed house for $750-1500.
Prices for apartments in Batumi on the second and third coastline
An apartment on the second and third line can be quite inexpensive, it all depends on the area and the company of the developer. The average price per square meter is $450-600 at the beginning of construction from the developer. And $650-800 in a completed new building or on the secondary market.
Prices for apartments in remote areas of the city
I want to say right away that the remote area of the city of Batumi is just a designation of remoteness from the sea coast. But it is worth considering the excellent geolocation of the city. Batumi is located between the mountain range and the Black Sea coast. Therefore, in the areas of the city remote from the coast, there is an excellent view of the mountains. What a great option too! In addition, there are no tol tourists, lower prices, and much quieter.
As far as remote areas are concerned, apartments are sold there for $450-550 per square meter. Therefore, if you really want housing in Batumi and the area or distance to the sea is not important for you, you can buy an apartment very cheaply and realize your dream.
Resale properties are often sold with an old renovation or a white frame (finishing interior work has been done)
Security of transactions when buying real estate in Georgia
Buying an apartment from developers at the beginning of building a house is quite safe. According to statistics, 99.9% of all houses in Batumi are completed and handed over to the state. To everyone who is very worried, we advise you to take it at the stage of completion of construction or in a fully completed house.
As for the purchase of secondary housing, then before starting the whole process, require an updated extract from the registry for this apartment. Using it, you can see who owns the property, who is registered in it, and whether the apartment has debts or loans. One thing, the extract will be in Georgian, you will have to ask someone to translate it or consult a lawyer.
What to do if you buy an apartment from a private person
The transfer of money when buying an apartment from a private person can take place in the office of a lawyer or just on the street, but not in the House of Justice when processing documents. Everything takes place on trust and by agreement, without banks and cells. We have not yet heard about apartment scammers in Batumi and we hope they will not appear here.
When buying from a developer company, money is transferred to its account, you can enroll in any nearest bank.