Batumi

Batumi is Georgia's Black Sea resort city and one of CASABROVA's highest-yielding markets. Batumi real estate is quoted in US dollars (the de-facto local convention), at roughly $500–1,500/m² (≈ €1,000–1,300/m²) depending on location, making it one of the most affordable coastal markets globally. STR gross yields run 9–14% during the May–October season, driven by regional tourism from neighboring markets, Turkey, and the Middle East.

Georgia's 0% acquisition tax, income-tested annual property tax (up to 1% for higher income bands), and flat 5% income tax on rental earnings create one of the most tax-efficient investment environments in CASABROVA's coverage. No restrictions on foreign ownership. The regulatory environment is landlord-friendly with minimal tenant protections.

Key considerations: Batumi has VERY HIGH bubble risk — speculative construction driven by foreign capital has created oversupply concerns. Winter occupancy drops sharply, making annual yields heavily season-dependent. The local currency is the lari (GEL); while purchase prices are dollar-denominated, rental income and operating costs are partly in GEL, which has weakened materially against the USD over the past decade — a currency factor foreign investors should account for. This is a high-yield/high-risk play — not suitable for conservative portfolios.