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Why investing in real estate is profitable ?
Investing in Tbilisi real estate means choosing the economic capital of a country that is only now becoming popular in the world. It is distinguished not only by its color and amazing landscapes but also by quite solid indicators of economic growth (2020 forecast +5%), which makes the city attractive to foreign companies and investors. The second reason why Tbilisi is the best among Georgian cities for investment is the high demand for real estate. One-third of the population of Georgia lives in Tbilisi, which is about 1,300,000 people.
In the historical districts of Tbilisi, the housing stock is a mixture of traditional Italian courtyards and 19th-century buildings. It is rapidly being updated and modernized due to the policy of preservation of historical heritage and tax incentives from the government. This makes these areas particularly attractive for those willing to invest in commercial spaces suitable for opening cafes, bars, and shops. On the other hand, the construction of residential houses and hotels is actively underway in the city, in which, in case of investment, it is possible to get an annual profit of 10-15% by renting, and up to 40% by selling in 3-5 years after purchase.