GRIP: 05Feb2026 Batumi – Black Sea Yield, Caucasus Risk Batumi has quietly moved

from “niche beach town” to a serious line item on global yield hunters’ maps. Since 2022, the city has absorbed a meaningful wave of relocants and capital from Russia, Ukraine, Belarus, Kazakhstan and beyond, which has tightened rental markets and supported a café‑and‑co‑working economy that looks more like a small international hub than a sleepy resort. That demand sits on top of Georgia’s unusually open legal framework for foreigners: non‑residents can freely buy apartments and commercial units in their own name, with no cap on number or value of properties, and only agricultural land remaining off‑limits without resident status. The transaction process itself is streamlined via the Public Registry, often completed in days rather than months.

On the numbers, Batumi’s appeal is a cocktail of low running costs, flexible taxation and strong tourism. Foreign buyers who simply hold a unit for personal use face little to no annual property tax, and