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04.11.2022
Reading time: 2 minutes
Author: Sea Inside

Apartments by the sea with an income of $ 7000 per year and without taxes

A house by the sea without taxes with an annual income of $ 7000 | How to buy an apartment in Georgia and earn money from it? Sea Inside will tell you what to do to make real estate profitable.

The Georgian real estate market attracts investors from all over the world. It is interesting to businessmen because it gives them the opportunity to earn money on real estate. Why Georgia, and not some other country? There are many arguments, but the main reasons for investing are fast payback and high profitability. Let's look at them in more detail.

You can buy turnkey apartments in Batumi, on the Black Sea coast, for an average of $50,000. Batumi is a resort that receives about a million tourists annually. Investors are well aware that houses in the resort are in constant high demand, which means they will not be idle. But after all, you can earn money on resort real estate only during the season, would you object? Not quite. Let's see how the rental benefit looks in numbers.

If you rent an apartment in Batumi, Makhinjauri, Chakvi, Kobuleti or some other Black Sea resort of Georgia for daily rent, you can earn about $ 1000 per month (at the rate of $35 per day - this is the minimum rate in the season). In the off-season, you can rent monthly (on average for $ 400). The season in Adjara lasts from May to October – six months. So, the income is $8,700. Now we are counting expenses: the tax on rental income is 5%, communal plus Internet – about $ 1200 per year. Total expenses – an average of $1,700. Net profit is $7000. That is, investments can be recouped in 7 years. In the investment sphere, such a payback is considered very profitable.

It is also important that the purchase of real estate itself is a fairly easy, fast, transparent and cheap procedure. You can arrange an apartment or a house in your name in the House of Justice for one day and $ 80. The whole process takes 20-30 minutes. And there are no hidden additional costs in the form of payment for the services of a lawyer, notary, and so on (which is common practice in other countries – Turkey, Montenegro, Spain, Croatia). The translation of documents into English or Russian is undertaken by Seaside. Remote purchase is available on request.

Sea Inside sells apartments, apartments, villas and townhouses in Tbilisi and Batumi for earning, living or relaxing. We work without commissions.
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