Drug trafficking hotspots are a real factor in property pricing, and most buyers underestimate it. I have seen people walk away from districts in Batumi and Tbilisi where the security situation got unstable, even when the price per square meter looked attractive. Insurance companies quietly raise premiums or refuse coverage in those zones, which kills the yield calculation before you even sign. The mainstream take is that location is everything, but location without a stable security context is just a liability. Check the local police stats and talk to a broker on the ground before you romanticize a cheap neighborhood.