About the District
The Old Town and adjoining embankment are Batumi's historic core: narrow streets, late-19th- to early-20th-century architecture, a seaside promenade. Supply here is fundamentally limited by the existing building stock — this isn't a micro-district where new construction can keep expanding endlessly, unlike New Boulevard.
Who This District Is For
The Old Town is a choice in favor of status, sea views, and tourist foot traffic, rather than maximum percentage yield. It suits those wanting their own vacation property with high-season rental potential, or as a more oversupply-protected alternative to investing in New Boulevard — thanks to limited supply, not a higher advertised yield.
Frequently Asked Questions
Why is the Old Town Batumi's most expensive district?
A combination of historic buildings, sea views, walking distance to the embankment and piers, and above all a fundamentally limited supply that physically cannot grow as fast as coastal new developments.
Is there an oversupply risk here like in New Boulevard?
The risk is significantly lower: the limited historic building stock doesn't allow supply to grow as fast as in new-construction micro-districts. That's not a guarantee of high occupancy, but it's a structurally more protected position against the oversupply effect.