Apartments for sale with mortgage in Batumi

Locality and districts
23 166 properties
from the developer
Javakhishvili
Apartments
from $‍40,200
Townhouse
Townhouse
from the developer
Highlands by Alliance
Goderdzi, Zankebi
Apartments
from $‍55,650
Alliance Group
Alliance Group
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Mortgage Apartments in Batumi

Batumi is a picturesque city on the Black Sea coast, increasingly becoming a popular destination for real estate investment, whether for those looking for the perfect place to live or for a vacation home. Its unique geographical position, nestled between the sea and the mountains, creates a wonderful climate, and offers abundant opportunities for outdoor activities. With its well-developed infrastructure, rich cultural heritage, and warm local hospitality, Batumi is not only a tourist attraction but also a hotspot with high potential for real estate investment.

Benefits of buying an apartment on mortgage in Batumi

  • Housing affordability: Mortgages make property purchase accessible to a broader range of people who cannot afford to pay the full cost of an apartment upfront.
  • Real estate investment: Investing in Batumi real estate can be financially rewarding over time, whether through appreciation in property value or rental income.
  • Flexibility in property selection: Mortgages allow you to buy either new constructions or secondary market apartments, giving you the freedom to choose a home that best meets your individual needs and preferences.
  • Credit history: Timely mortgage payments contribute to building a positive credit history, which can be beneficial when seeking financial services in the future.

How to choose an apartment in Batumi for mortgage purchase?

Choosing an apartment in Batumi for a mortgage purchase requires careful consideration and attention to detail. First, determine your priorities: whether you're looking for a permanent residence, an investment, or a property to rent out. Consider the property's location, its proximity to the sea, infrastructure, educational institutions, and transport accessibility. The future development of the area is also crucial as it directly impacts property value growth and rental demand.

To simplify the process of searching and comparing different property options in Batumi, use Korter.ge. We offer an extensive database of new builds and secondary market apartments, including detailed descriptions, photos, prices, and purchasing methods. Korter.ge also features a mortgage calculator that helps find the most advantageous offers based on property cost, down payment, and loan term, enabling you to quickly find the right option for you.

How to save on purchasing an apartment with a mortgage in Batumi?

  1. Compare offers: Review different banks' terms, interest rates, fees, and prepayment options. Banks sometimes offer promotions with more favorable terms for new clients.
  2. Choosing an apartment in the early stages of construction: Apartment prices in new buildings are usually lower at the beginning of construction. Prices typically rise as the project nears completion.
  3. Purchase a fixer-upper: Apartments needing renovations often sell for less. If you can manage the renovations yourself, this can be a great way to save.
  4. Increase your down payment: The larger your down payment, the lower your total mortgage overpayment will be, due to a reduction in the principal amount that interest is calculated on.
  5. Early mortgage repayment: If financially possible, consider making early payments on your mortgage. Even small additional payments can significantly reduce the term of the loan and the total amount overpaid.

Can foreigners buy an apartment on mortgage in Batumi?

Mortgages for foreigners in Batumi are not only possible but are becoming increasingly accessible thanks to the flexible policies of local banks and financial institutions. Many banks in Georgia offer mortgage programs to foreign nationals looking to purchase property in this attractive tourist city. It’s important to note that lending terms, including interest rates and repayment periods, may vary by bank and specific loan program.

When opting for a mortgage in Batumi, foreigners also face certain specific requirements. For instance, proof of stable income or a guarantor might be needed. However, thanks to the development of infrastructure and growing interest in the region, many financial institutions are positively inclined and willing to accommodate foreign investors. Therefore, with the right approach and thorough examination of all conditions and requirements, mortgage financing in Batumi can be an excellent opportunity for foreigners to invest in real estate and enjoy all the benefits of living in this scenic part of Georgia.

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Prices for new buildings in Batumi areas

Old Cityfrom $‍3,039 per m2
Downtownfrom $‍2,027 per m2
Batumi Boulevardfrom $‍1,898 per m2
Rustavelifrom $‍2,452 per m2
Bagrationifrom $‍1,748 per m2
Javakhishvilifrom $‍1,526 per m2
Khimshiashvilifrom $‍1,829 per m2
Aghmashenebelifrom $‍1,305 per m2
Tamarfrom $‍1,843 per m2
Kakhaberifrom $‍1,879 per m2
Airport (district)from $‍1,694 per m2

Prices for apartments in Batumi areas

Old Cityfrom $‍45,500
Downtownfrom $‍22,000
Batumi Boulevardfrom $‍23,000
Rustavelifrom $‍42,000
Bagrationifrom $‍23,000
Javakhishvilifrom $‍22,610
Khimshiashvilifrom $‍22,000
Boni-Gorodokifrom $‍33,000
Aghmashenebelifrom $‍24,300
Tamarfrom $‍29,000
Kakhaberifrom $‍47,400
Airport (district)from $‍19,500

Prices for new buildings in other cities

Makhinjaurifrom $‍1,713 per m2
Charnalifrom $‍1,099 per m2
Chakvifrom $‍2,230 per m2
Goniofrom $‍2,361 per m2
Kvariatifrom $‍2,644 per m2
Kobuletifrom $‍1,869 per m2
Shekvetilifrom $‍1,671 per m2
Urekifrom $‍1,276 per m2
Potifrom $‍751 per m2
Zugdidifrom $‍963 per m2
Kutaisifrom $‍1,032 per m2
Borjomifrom $‍1,043 per m2
Bakurianifrom $‍1,455 per m2
Gorifrom $‍761 per m2
Manglisifrom $‍990 per m2
Gudaurifrom $‍2,258 per m2
Bazaletifrom $‍1,986 per m2
Mtskhetafrom $‍1,872 per m2
Tbilisifrom $‍2,317 per m2
Rustavifrom $‍896 per m2

Prices for apartments in other cities

Makhinjaurifrom $‍24,375
Charnalifrom $‍33,000
Chakvifrom $‍28,900
Goniofrom $‍25,624
Kvariatifrom $‍49,500
Kobuletifrom $‍25,000
Shekvetilifrom $‍37,500
Urekifrom $‍30,470
Potifrom $‍35,000
Zugdidifrom $‍22,000
Kutaisifrom $‍28,025
Borjomifrom $‍30,175
Bakurianifrom $‍19,760
Gorifrom $‍26,400
Manglisifrom $‍47,530
Gudaurifrom $‍23,000
Bazaletifrom $‍29,750
Mtskhetafrom $‍102,000
Tbilisifrom $‍15,000
Rustavifrom $‍26,000