David Ruebush

1. Market VolatilityThe rapid growth in Batumi’s property values may seem promising, but market trends indicate instability. Property prices have fluctuated significantly due to shifts in buyer interest and recent regulatory changes, and sales dropped by 15% in the first half of 2024, primarily due to reduced foreign investment and high interest rates. These changes …

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In 2019, an investor named Marc, a Canadian national, decided to invest in real estate in Batumi, Georgia, after seeing the rapid growth and development of the city. He was particularly attracted to figures touting the growing tourism sector and the many new developments being marketed to foreign investors. Batumi, with its Black Sea coastline …

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