Ready or off-plan in Batumi: HomeRadar puts a price on two years of waiting

The $10,145 question

• Guru Status, completed: studio no. 518, 27.9 m², $51,615.
• Next Magnolia, under construction: studio no. 324, 31.9 m², $41,470. The developer plans white-frame handover in December 2028 and turnkey completion in April 2029.
• Using its own assumptions ($44 a night, 48% occupancy, 70% kept after costs), HomeRadar models about $5,396 of net rent a year for the ready unit. On that basis the $10,145 price gap is covered after about 23 operating months.

The calculation is a model, not verified income. It leaves out price changes, financing and taxes, and the two flats differ in location, size and finish.

What to check before choosing

• Written handover date for the exact building and apartment, not the date in the advertising.
• What “completed” means: a finished building can still be sold in white frame and need fit-out before it can earn rent.
• For buyers who will live in the flat: two years of renting elsewhere can cost as much as the discount.

We looked at the three Guru Holding projects in an earlier report.

Read the full comparison of eight projects on HomeRadar →

HomeRadar.ge is a property research project affiliated with EstateScope.