NEXT (Next Property)
Company facts
| Legal entity | NEXT Property (registry ID pending) |
|---|---|
| Founded | 2018 |
| Headquarters | 20 Kostava St / 18 Luka Asatiani St, Batumi, Adjara |
| Website | next-property.com |
Backing & foreign buyers
International brand partners
| Financial backing | Privately held, with international offices (Georgia, Spain, UAE, Kenya); ownership and capital are not publicly detailed. |
|---|---|
| Payment / installments | Installment plans available. |
| Foreign-buyer support | International sales offices; remote purchase supported. |
Buyer-protection terms for this developer aren't publicly confirmed. Whatever the brand, always get the handover date, delay-compensation clause, and any escrow or bank-guarantee terms in writing before paying a deposit.
Delivery record
Promised handover dates are taken from archived launch pages and registry obligations; current status is verified quarterly. This is the record the sales sites don't publish.
| Project | Promised | Actual / current | Delay | Source |
|---|---|---|---|---|
| NEXT Green | - | Started 2018 (delivered) | - | archived |
| NEXT Apartments | - | 2020 | - | archived |
| NEXT White | 2023 | Buyer reports delivery ~2 years late | - | archived |
| NEXT Collection (Green Cape, 616 apts) | Stated Dec 2026 | Under construction | - | archived |
| Wyndham Residences (Gonio) | - | Under construction | - | archived |
Active projects
What buyers report
- user review - A NEXT White buyer reports a handover promised for 2023 that slipped by roughly two years, with poor communication about the delays. Buyer review (Yandex Maps)
- user review - A buyer alleges plumbing specified in the contract as Italian/German was supplied as a cheaper alternative. Buyer review (Yandex Maps)
- user review - A buyer who paid for a turnkey unit reports being asked for an additional payment for heating after purchase. Buyer review (Yandex Maps)
Verdict
NEXT markets aggressively and has genuine international partnerships (Wyndham, Radisson) and a broad portfolio. But independence matters here: much of the glowing 'delivers on time' coverage comes from affiliate sellers, while independent buyer reviews tell a harsher story on at least one project. On NEXT White, a buyer reports a handover promised for 2023 that slipped roughly two years, plumbing specced in the contract as Italian/German but supplied cheaper, and an extra charge demanded after a 'turnkey' purchase. These are unverified reports and NEXT is welcome to respond - but they are specific enough that you should confirm the real construction status, the exact finish specification, and every 'included' item in writing before paying.
FAQ
Is NEXT a reliable developer?
NEXT has a large portfolio and international partnerships, but independent buyer reviews document a significant delay and spec shortfalls on at least one project (NEXT White). Verify the construction status and contract terms before buying.
When was NEXT founded?
Wikipedia records NEXT Property as founded in 2018 in Batumi; some affiliate sites claim an earlier date. We use the 2018 figure pending confirmation.
Compare this developer's projects
See how NEXT (Next Property)'s active projects stack up on price, yield and delivery risk.
Sources
UPDATED 2026-07-05 · SOURCE: NAPR