Vol. 001

Country

Georgia

Black Sea and capital, one tax code. Batumi and Tbilisi are where the market concentrates; the rules that govern ownership are national.


Cities

  • Batumi

    Resort city on the Black Sea — yields, supply and the build-out phase.

  • Tbilisi

    Capital market — branded residences, HNW residency and primary stock.


Country

  • Tax

    What a non-resident owner pays: annual property tax bands, rental rates at 5% or 20%. Identical in Batumi and Tbilisi.

  • Residency

    Content in preparation.

  • Mobility

    Content in preparation.


Reading

  • Flying privately into Batumi

    Batumi's airport sits two kilometres from the city and runs through the night. For a private flight that is most of what matters — but not all of it.

  • What wellbeing costs on the Black Sea

    A day at an international hotel spa in Batumi runs around €30. The same afternoon in Geneva or Milan costs five to six times that. The gap is the story.

  • Tax residency in Georgia without living there

    Georgia lets wealthy individuals become tax resident without spending 183 days a year in the country. The route is real, but it changed in 2023, most guides still describe the old version, and it does less than many buyers assume.

  • What a non-resident owner actually pays

    Georgian property tax is national: the same rules apply in Batumi and Tbilisi. Published guidance contradicts itself on two basic points: whether a non-resident owes annual property tax at all, and whether rental income is taxed at 5% or 20%. Both questions have clear answers.

  • Yields are compressing. The brochures haven’t caught up.

    Gross rental yield has fallen for two consecutive years while asking prices rose. The direction matters more than the level, and almost nobody selling in this market will tell you about it.