Question 1

What is the projected ROI on Silk Towers?

Accepted Answer

Silk Towers carries a projected annual ROI of 12–15%, based on current rental conditions in the Old Town area. That figure reflects the return you could expect once the property is delivered and professionally managed for short-term rental — actual returns vary with the apartment, the season, and how it's managed, so we're always happy to walk through the assumptions behind it.

Question 2

What is the payment plan for Silk Towers?

Accepted Answer

Silk Towers is offered with interest-free instalment terms, starting from $95,000. Payments are staged alongside construction, with completion expected Q4 2029. We'll walk you through the full schedule and the units still available.

Question 3

When does Silk Towers complete?

Accepted Answer

Silk Towers is on track for Q4 2029. Buying now means locking in today's starting price of $95,000 rather than whatever the finished building is worth by then — the usual logic behind buying off-plan in the first place.

Question 4

What is the starting price at Silk Towers?

Accepted Answer

Prices at Silk Towers start from $95,000, with a projected ROI of 12–15%. Being in Old Town, with completion set for Q4 2029, both work in its favour. Exact pricing depends on layout, floor, and view — we'll send over a detailed price list on request.

Question 5

What makes Old Town a good place to invest?

Accepted Answer

Batumi's Old Town is its historic core — cobblestone streets, restored 19th-century buildings, and the highest concentration of restaurants and bars in the city. It's the most recognisable part of Batumi to visitors, right by the seafront and the Boulevard.

Question 6

How far is Old Town from Batumi airport and the seafront?

Accepted Answer

Old Town sits at the heart of Batumi, right next to the seafront promenade and Batumi Boulevard. Batumi International Airport is about 6 km away, around a 12-minute drive, and dining, the marina, and the main sights are all within walking distance.

Question 7

Can I buy property in Georgia as a foreigner — are there any restrictions?

Accepted Answer

Yes — foreigners buy residential and commercial property in Georgia on the same footing as Georgian citizens: no residence permit, and no need to register a company. Ownership is registered in your own name in full, with the right to sell, rent, and pass it on by inheritance. The only exception is agricultural land, which foreign individuals cannot own.

Question 8

What investment amount qualifies me for residency — and how is it arranged?

Accepted Answer

A property investment of USD 150,000 or more qualifies you for a one-year residence permit, renewable each year for as long as you own qualifying property. Eligibility is based on the market value set by an accredited appraiser, not the contract price, and the status extends to your immediate family. We prepare and guide the full application package with you.

Question 9

What ongoing costs come with the property after handover?

Accepted Answer

After handover you have three cost lines: the building maintenance fee, utility bills, and the annual property tax, which in Georgia runs from 0% to 1% of assessed value and is nil when your household’s annual income is below GEL 40,000.

Silk Towers

Key Features

Amenities

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Frequently Asked Questions

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