Mortgages for New Developments in Batumi: Key Features and Developer Banking Partners

A Residence Permit is not required for the transaction; the main priority is proving solvency. Major developers hold partnership agreements with financial institutions, allowing you to buy a new build in Batumi under a simplified scheme. The property itself serves as collateral, eliminating the need for guarantors or additional security.

Developer Payment Plans or Bank Loans?

It is crucial to distinguish between these instruments. Internal installment plans involve interest-free repayment during the construction phase (usually 12–48 months). However, monthly payments in this scenario are high.

Bank financing solves different objectives:

• Reducing the budget burden via terms of up to 15 years.
• Purchasing completed units where direct payments to the company are no longer an option.

If you are looking for new builds in Batumi from the developer with long-term payment options, choose accredited complexes. We offer only verified options that have passed reliability audits.

The market is dominated by two giants: TBC Bank and Bank of Georgia. Reliable construction companies cooperate specifically with them.

Standard terms for foreigners:

• Down payment: 30–50% of the price.
• Term: Up to 10–15 years.
• Interest Rate: Average 8–11% per annum (in foreign currency).

Batumi new builds, prices for which rise annually, are most profitable to book at the off-plan (excavation) stage. Approval is easier to secure with the participation of an official representative. We will help prepare your application file to minimize total interest costs.

Document Package

Paperwork for non-residents is maximally simplified. Usually, the following are required:

• International passport.
• Personal bank statement (fund movement for the last 6–12 months).
• Preliminary sales agreement.

Apartments from the developer in Batumi are often delivered in "black frame" condition. Lenders assess the liquidity of such units more strictly. Our experts understand the requirements of specific institutions and will direct your application where the probability of success is highest.