Apartments for sale in Kutaisi

Primary and secondary apartment markets in Kutaisi

Kutaisi, the second-largest city in Georgia, has a unique charm and appeal. Compared to Tbilisi and Batumi, Kutaisi offers more affordable housing options, making it attractive for both living and investment. The city’s central location provides easy access to various parts of the country, offering a perfect balance of work and leisure.

As the city continues to develop, investors are seizing opportunities in the growing real estate market. Economically, Kutaisi features two free industrial zones, which create an attractive environment for business activities and draw both local and international investors.

How to buy an apartment in Kutaisi?

1. One-time payment 

If you have enough savings, you can purchase property with a one-time payment. This method speeds up the transaction process and gives you more leverage in negotiations with the seller.

2. Mortgage loan 

If you lack the funds for full payment, you can buy an apartment through a mortgage. Approach a bank to obtain a mortgage loan, with the down payment usually being 20% of the apartment's price. The remaining amount is repaid with interest according to an agreed schedule.

3. Developer installment plans 

If you don't have enough funds but want to buy a new apartment, consider properties under construction in your desired area. Developers often offer pre-sale discounts and promotions, as well as interest-free installment plans. The interest-free period typically lasts until construction is completed. After that, the remaining amount can be financed through a bank mortgage, with the amount paid to the developer being at least 20% of the apartment's total cost.

Where to buy an apartment in Kutaisi? Districts

The Rioni river divides Kutaisi into two parts.

Left bank:

• The Old Town, with its main attractions, is located on the left bank and is highly sought after.
• Autokarkhana (Zaodi) is known for a large number of apartments for sale. Nikea Street, with its many side streets, covers a significant part of the city, intersects the village of Geguti, and connects to Georgia's railway line.
• Zastava is one of the oldest districts in Kutaisi, with many buildings from the past century.
• Gora is one of the largest districts in Kutaisi, full of old private houses. This area connects the city with the Bagrati Cathedral.

Right bank:

• Residential complexes on Shota Rustaveli Avenue, leading to the old center of Kutaisi, are particularly popular.
• Samepo Ubani is a key part of the modern city center, distinguished by its rich architectural heritage. The area includes streets around Tsisperkantseli, St. Nino, Akaki Tsereteli, and Alexander Pushkin, connected to the other bank by the so-called "White" Bridge. This district holds an important place in the city landscape due to its diverse architectural styles, giving it a unique character.
• Sapichkhia is an old historic district with many ancient architectural buildings and private homes. This popular area is known for its peaceful environment.
• Balakhvani is an old district with many residential buildings.

What to look for when buying an apartment?

Buildings in Kutaisi are categorized based on their architectural design. Notable types built in the last century include Czech, Urban, Tukhareli, Kavlashvili, and others. Private houses typically cost significantly more. Before purchasing an apartment, it's essential to carefully consider the location. Look for factors such as proximity to supermarkets, public transport stops, recreational areas, and the safety level of the neighborhood. This will help you choose the most convenient and secure place to live.

If you are buying an apartment independently, be sure to thoroughly inspect it. Check the structural integrity of the building and the condition of the water and electricity systems. This will help avoid additional repair and improvement costs after purchase. Ensure that all legal aspects of the property purchase are in order. Verify the ownership status, proof of ownership, and the absence of mortgages or liens on the property. This will help prevent future legal issues and ensure peaceful ownership of the property.

When purchasing real estate, consider potential additional expenses such as taxes, registration fees, and notary services. On Korter.ge, you will find a convenient and detailed property search with filters for various parameters such as price, number of rooms, neighborhood, and more. Korter.ge also offers detailed descriptions of properties with photos, maps, and information about nearby infrastructure. These tools will help you quickly find a home that meets your requirements and give you a comprehensive view of the real estate market in Kutaisi.

Pros and cons of buying an apartment in Kutaisi

Kutaisi has several advantages that make it attractive for living and investment. One of the main benefits is the presence of an international airport, providing convenient transportation both within the country and abroad. Several important highways also pass through the city, improving accessibility and connectivity with other regions. Additionally, Kutaisi is home to several well-known higher education institutions, creating a constant demand for rental housing and attracting young people.

From a tourism perspective, Kutaisi has many attractions in its surroundings that draw tourists from around the world. This makes the city not only a cultural center but also boosts local business development. The city also has a favorable investment environment, attracting both local and international investors. These factors contribute to Kutaisi's economic development and enhance its appeal for new projects.

However, despite these advantages, Kutaisi faces some challenges. Certain areas are at risk of flooding due to heavy rainfall and suffer from environmental pollution caused by industrial activities and proximity to highways. These environmental issues require careful consideration and solutions. The infrastructure in Kutaisi also needs significant development, which may limit the city's potential for further growth and expansion.

What apartment buyers are looking for: popular requests