2022 🚨 TBILISI REAL ESTATE MARKET UPDATE!! 

I highly suggest you to take a time slot from my calendar so I can thoroughly answer your questions. The paid strategy session I offer is professionally tailored to your needs calendly.com/sanansanani/tbilisi?back=1&month=2022-07

@@SananSanani thanks sanan.

I would be careful choosing developers and I recommend you pick verified ones with a solid reputation and track record. Because many new or small developers only plan to finish the building to sell the properties NOT to manage and take care of the building and customer service. Also many have delays. If you like payment schemes I personally recommend you get a long term rental property that cash flows positive with a bank loan. 30% DP 70% credit is standard here.

Possible. If it inspires health and attracts tourism the Government might even give you the land almost for free or on 50 yrs lease.

$250-320$/sqm is normal reno turn key , $450-500/sqm premium reno turn key My team does reno if you are in georgia you can visit our office at The Hub and consult w us

@@SananSanani Thanks for the prompt response, really appreciate it. How about construction costs not just renovation? Thank you.

@@hitheshreddy7850roughly $150-180 per sqm for the foundation + basic MEP for developing buildings but price can be higher or lower depending on the land and number of floors.

I don’t invest in holiday homes as that’s an active business which is only seasonal. I prefer cash flow over 12 months over any short term cash gains during winter. Also - property management fees in short term rentals will eat away your gains. My strategy is buy and hold in the capital where you can earn 365 days of rent. Check my previous uploaded video I spoke more about this in detail.

30% DP 70% CREDIT 5-6% EUR 6-8% USD 10-15 years Non Residents need proof of income or source of wealth document from a foreign country. For more info on our services visit my website link in vid description

I don’t believe in holiday homes. I only believe in providing shelter. And shelter is most sought out in the capital Tbilisi.

It’s possible it will drop for some apartments but not all. What happened is that the old daily rate in Airbnb became the monthly long term rent. So then Daily rent has doubled and so has long term rent. That’s because everyone dived in georgia first in airbnbs and majority were unable to extend as owner had new bookings. This caused the huge spike in demand. A gigantic influx of IT specialists relocating to Georgia made so much noise it hit Bloomberg News. Nothings ever hit Bloomberg before like this. So I would agree with you if this was a normal event. I doubt all the companies that moved hundreds even thousands of people over night have any immediate plans on moving their staff back as soon as the fighting is over. Companies think in years not seasons so it will take time unless the companies all go bankrupt that’s a different story and it’s unlikely. I think the process of rents dropping could at best take 18 months maybe even longer if the trend of moving to Georgia continues to compound. Wages have not gone up but more than 20k+ IT specialists came with min5-8k$ salary and they don’t mind paying for a good apartment as there aren’t any left for rent. So if your Apartment is stylish and in the top 100 it’s possible the rent can last this way for even 5 years. There is also an influx of people moving to batumi. So when the weather there gets unbearable that’s another wave of long term tenants swarming in tbilisi. That being said, you can still purchase good deals today at a distress price. The deal of the century comes by once every week.

Yes if it’s not agricultural land.

Depends what small is. 20-30k€ can land you a Italian yard studio / 1bedroom full cash paid. It’s ideal only for short term stays. Or you can use 20-30k€ for a down payment on a 80-110k€ turn key apartment and immediately rent it out for a year for cash flow. I would pick the second option for reasons I explain in my educational videos.

@@SananSanani yeah that sounds good for trying out the first Appartment is a 1 room Appartment good. I will contact you for some advice. You have some contacts who have some small Appartment for selling? I saw some Appartments at ss and myhome seems there are few options but I don't know how the rate is in tblisi with fake inserts

@@patrick1992 Yes I can send you some contacts that can show you some options. If you’d like my team to represent you as a buyers agent I can also send you our agreement so you can see how that works.

Thanks. Why not 😉

Myhome.ge Ss.ge Sterling.ge

Hard to find lately as it’s a sellers market but yes.

Hi Pepper, contact 00 995 555 002 393

Depends on your budget and reason for investing

@@SananSanani it would mainly be for me to live in, and rent both long/ short term as needed when I travel. Im looking at two different properties specifically, but cant come to a decision. Both same square footage and price and in need of renovation. Saburtalo is top floor new build with view, sairme hill. And sololaki one is just perfect location near amaghleba. So in short im stumped. 🤣

@@feralcat4174 Tough indeed! I would prefer the one with a good view if you see it won’t get obstructed by a new building in the next few decades! Plus, Sairme is a good location for long term rentals and I’m an advocate for long term. If you think the view will get obstructed then Sololaki.

@@SananSanani thank you for the advice 🤗

@@feralcat4174 all the best in your endeavors, feel free to visit our office if you need any assistance or consultation in your Purchase or Reno

Hey Dil, likewise. The best way is IG but I've turned my account into private to block all the scam/replicas/bots that were annoyingly targeting me. Please DM me and introduce yourself with a paragraph or voice note and how I could help you. I usually reply under 24 hours. OR - you could email me at sanan@sterling.ge

I'm glad to hear that and i'm looking forward to seeing you in the market. Watch all my videos and absorb it like a sponge in preparation. I'm currently building a real estate school online and stay tuned for the opening! Cheers, Sanan

You should convert it into GEL or USD and then purchase it. Banks do not give any cryptocurrency services but they do allow you to buy stocks. Bank of Georgia has Galt & Taggart & I believe TBC has TBC capital. I am uploading a new video right now you can check it out for the latest news on tbilisi real estate.

@@SananSanani Is it possible to convert it in Tbilisi ? thanks bro I watched your new video as well best wishes

@@nasseramin3363 yes it is possible to convert in tbs

Hi George, could you send the details (cc, interior/exterior photos, google map pin, description) on our email info@sterling.ge

Now it’s winter so both sales/rentals have slowed down. Everyone’s in a festive mood. Asking prices have dropped slightly. In any case, it’s common to get a 5% discount.

Thank you

@@ysverdlov Most welcome yuri

What do you think about Tbilisi hills?

@@ysverdlov great for collectors/end users but not the best investment out here for investors. Depends what you’re looking for!

Yep! Even tripled in some cases. So it’s best to buy something that’s ready or almost ready to meet the humongous increase in rental demand.

Hey Michael, thank you. Please email me on sanan@sterling.ge or reach me from clicking the WhatsApp button on sterling.ge Apologies in advance for my website - it is being revamped.

Our units are pet friendly. They are all modern with a view. Price range is $1000-2000 / month. If you are interested reach out to us.

@@SananSanani how do i reach out? Yea I’m looking for a one bedroom in Vake thats pet friendly

@@sha6577 contact +995 551 071 121 on WhatsApp

@@sha6577 www.myhome.ge/en/pr/12751241/ www.myhome.ge/en/pr/13274647/Newly-finished-apartment-for-rent-Bagebi-Tskneti-Highway-2-rooms

I’m always on the move ;) Yes they do. When I first moved here it was $35k now it’s $100k. There are no talks in increasing the requirements but I assume one day it’ll reach $200-300k.

You may book a time slot in my calendar the link is in the video description

@@SananSanani You want me to pay 250USD to meet you ??? are you being serious???

@@ashmagda I think you’re the one not serious

@@SananSanani nah man you taking this sc*m to next level, i hope I don't bump into you when I there...

@@SananSanani Now that wasn't so difficult was it, I have few meetings lined up and I may just take you up on your offer..

Hey Mika! Sure. If you need us to help you find a place please contact my admin Ani and let her know your budget and criteria +995 599 469 448

I am sorry to hear that. This is the main reason I tell everyone to stay away from Off-plan projects. You have a high chance in winning a 5 digit amount in court if you have a contract that states they must incur a penalty for delay.. No lawyer will do this for free though. Which project was this? I will send you my admin's number if you'd like to start the litigation process to sue them. You have two choices, either spend money to win money (it could take 2 years) or to completely avoid throwing good money over bad money and just hope the developer gets himself out of this mess.

@@SananSanani can i have ur no?