BUSINESS
"The worst dream for Putin is that Russians want to live in Georgia"
28 August, 2018
This year, visitors to the Adjara region would notice that there is a boom in construction in and around Batumi. There are construction projects and new buildings going up everywhere: in the center of the city, in the suburbs. The area along the new boulevard is actually fully utilized. Many of the buildings being built are multilevel and multifunctional residential complexes. According to residents, it seems that real estate is being purchased by Georgians as well as foreign citizens, mostly Russians,
Turks and Iranians.

The construction boom in Batumi is confirmed by the official statistics. For example, 1141 planning permissions for construction were issued in the region last year. In terms of construction spending Adjara is the second place in the country and exceeded GEL 1 billion last year.
geotv.ge
Batumi, Adjara, Photo courtesy: www.metronome.ge

According to one recent survey, which studied the number and occupation of foreign workers employed in Georgia, it turns out that most foreigners (1088) work in the construction industry in Georgia.

What we do not know from the statistics is whether construction is progressing smoothly during the busy summer season.

Irakli Gogitidze, taxi driver and resident of Batumi, said: "I get several dozen passengers every day, and all are surprised by the extent of construction throughout Batumi. Most of the construction is along the seafront. Almost the entire area is being built up along the new boulevard. There are local companies and foreign investors too. Recently, I have met more foreigners, who have their own flat or rooms in the hotel type blocks in Batumi.

They like the real estate prices. For 85.000 GEL, which is approximately 33 thousand US dollars, they can buy a small apartment in Batumi. Some are arriving in the summer, to live here and start a business, mostly in the restaurant trade or other trade. Russians, Iranians and Turks show the greatest interest in the Adjara region. Many of my friends work as sailors on board ships. They have seen many seaside towns in different places but they say that Batumi is distinguished. Perhaps this is why foreigners come and settle here for a long time."
geotv.ge
Batumi, Adjara, Photo courtesy: www.myrest.ge

Ana Mateveva, a Belarus migrant to Georgia: "I came to live here three years ago with my family. I had been here many times before as a tourist in Adjara. My husband and I borrowed some money and started a small family restaurant business in Batumi. Your country is attractive not only for living, but also for starting a business as well. Prior to this, we had repeatedly tried to establish an enterprise in Belarus or sometimes in neighbouring Russia or Ukraine, but because of corruption, and large bureaucratic barriers we didn’t succeed. Our example was a role model to our friends and some of them then came to Georgia and opened up laundries, hostels and cleaning services. I think in the coming years more people will be interested in purchasing real estate here, as well as starting a business in Batumi."

First photo courtesy: www.inesapepi.wordpress.com

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