Does anyone have experience in investing in real estate in Georgia?
I have been there myself and visited a few hotel-apartment buildings such as:
nextgroup.ge
eltbuilding.ge
alliancegroup.ge
What are the occupancy rates? Costs? How easy is it to hire/manage a local team?
I think it looks quite decent, and definitely, the country has been developing fast last few years and the trend might continue.
However, I understand that what is putting off the investors is the chance of conflict with Russia and political risk, or am I missing something?
I have been there myself and visited a few hotel-apartment buildings such as:
WYNDHAM RESIDENCE | Your 5-star residence at the coast of Black Sea
In collaboration with world class branded residences Next Group creates the first most demanded investment product in Georgia offering 5-star services of international standard. Wyndham management team takes charge of any kind of care of your branded residence. This way you get a guaranteed...
Elt Building Development
![eltbuilding.ge](/proxy.php?image=https%3A%2F%2Feltbuilding.ge%2Fimages%2Ffavicon.png&hash=6bf73e26e6a29cf4c9fbd99876be6975&return_error=1)
![alliancegroup.ge](/proxy.php?image=http%3A%2F%2Falliancegroup.ge%2Fuploads%2Fprojects%2Fmain%2FMain_Photo.jpg&hash=6dd71b0e903e884d6bbf4ca75d9f37ef&return_error=1)
Alliance Palace - Project Description
The 41-storey multifunctional complex Alliance Palace is situated in the most prestigious part of Batumi, near the beach and the boulevard. The first 5 floors of the multifunctional complex are occupied by the 150-room Courtyard by Marriott hotel, while the rest of the building (floors 6 to 41)...
![alliancegroup.ge](/proxy.php?image=https%3A%2F%2Falliancegroup.ge%2Fassets%2Ffavicon-32x32.png&hash=13b9062627f66327dee1ffb37fa53e9c&return_error=1)
What are the occupancy rates? Costs? How easy is it to hire/manage a local team?
I think it looks quite decent, and definitely, the country has been developing fast last few years and the trend might continue.
However, I understand that what is putting off the investors is the chance of conflict with Russia and political risk, or am I missing something?