The number of tourists visiting Georgia in 2024 increased by 15% compared to the previous year. In 2024, the average cost of housing in Georgia rose by 15%, confirming the market's attractiveness for investors.
The average rental yield for housing in Georgia in 2024 is 14%, taking into account tourist flow and the seasonality of the business.
In the third quarter, Georgia’s GDP grew by 11.1% after a 9.6% increase in the second quarter and an 8.4% rise in the first quarter, creating a stable economic environment for investment. The average price per square meter in Batumi in 2024 is $1,130, which is more than double the rate from five years ago.
In 2024, the number of newly completed properties in Georgia increased by 20%, creating a variety of offerings and increasing competition in the market.
Over the past two years, the government of Georgia has invested over $500 million in developing Batumi's infrastructure, and the increase in budget allocations positively impacts the tourist appeal of the city and the region as a whole.