What apartments can be bought in Tbilisi today and for how much?
The capital city of almost any country is an attractive place for tourists. And where there are tourists, there is always money. Accordingly, investors are beginning to be interested in such places. Tbilisi is one of them, but not only because the city is the capital. It is also rich in interesting culture, has a rich history and beautiful nature. For investors with a large capital it will be relevant to see what apartments for sale in Tbilisi exist today and think how they can be used for further earnings.
Apartments on the secondary market
If you buy such an apartment as an investment you can expect a quick payback if it is rented out, especially for a short period of time. On the secondary market you can find premises with good repair, which are initially ready for occupancy.
Another advantage of this type of apartment is that they can be located in architecturally interesting and valuable houses, which can attract tourists. You can find such an apartment for as low as $80,000.
Apartments in new buildings
When considering a new building it is worth noting that it is more likely to find an apartment in rough finish, and then invest in its repair. This is quite a popular way of investment, as it allows you to independently control the quality of repair and in the future get more profit. The cost of real estate in such cases can start from $100,000.
Also on the market of the capital is a lot of already furnished and equipped apartments, located in modern residential complexes in good areas of the city. In this case, the cost, of course, grows, but it deprives the investor of the need to invest in repairs and allows you to immediately start earning.
How the price is formed
The cost of realty in general is not a permanent concept, as it reacts very quickly to different external factors. Most of all, such aspects have an impact:
The level of employment in the region.
- Economic growth.
- Demand and supply of real estate.
- Price trends.
- Real estate taxes.
- Legal restrictions and requirements.
- Population size and structure.
- Migration and population growth.
- Stability of the political environment.
Also, do not overlook various internal factors such as the condition of the housing, its location, size and type, as well as the condition of the building in which the apartment is located.
In general, the market in Georgia is favorable for investors. However, those who want to manage their capital properly often need the help of an entire team of real estate professionals.