Culture, History, and Business
Tbilisi is the capital and also the most populous city in Georgia. It is located on the banks of the Kura River and is populated by about 1.5 million people. The town was established in the 5th century and has served as the capital of several Georgian kingdoms and republics. It was also the seat of the Imperial Viceroy between 1801 and 1917. Tbilisi was being contended by several global powers due to its location on the crossroads between Asia and Europe. Another factor responsible for the contention is the city’s nearness to the Silk Road. Till this day, Tbilisi’s location makes it a vital transit route for various trade and energy projects. The city’s rich culture and diverse history can be seen in its architecture.
Speaking of the city’s history, it has housed people belonging from multiple cultural, ethnic, and religious backgrounds. It is a notable tourist destination with major landmarks such as Freedom Square, medieval Narikala Fortress, cathedrals – Sameba and Sioni, Rustaveli Avenue, and Agmashenebeli Avenue, the Georgian National Museum, and the pseudo-Moorish Opera Theater.
Being a real estate investor in Tbilisi opens you to a whole world of new potential. There is a growing increase in the price of properties due to increased demand. Particularly, the rental demand is strong because of the influx of tourists in the country. This figure will continue to grow because investors have seen this hidden opportunity and are gradually exploring it. The property price in this city depends largely on the district. Other determinants are the location of the property within a particular district, type, and size of the property.
The real estate market in Tbilisi is very cheap. You can find apartments in less than €30,000 that, too, in thriving districts. It is an ideal place to invest in the housing market due to its rich heritage and great growth potential. Here is a complete guide on real estate investment in Tbilisi, Georgia.
Does Tbilisi sound like a good investment destination for you? Follow our subsequent articles to find out the benefits of investing in Tbilisi and the best neighborhoods to invest in.