In February of this year, Georgia's Black Sea resort saw a significant increase in demand for real estate from foreign nationals. According to Business Media (BM.GE), the number of apartments sold in Batumi rose by 19.7% compared to the same period in 2025.
A total of 1,315 apartments were sold in February. The monetary volume of the market reached $82 million, which is 33.1% higher than the figures from the previous year.
The activity of foreign buyers was particularly notable. In the primary market, the number of transactions involving them increased by 53.9%, while in the secondary market, it grew by 47.6%. As a result, the number of transactions with non-residents exceeded that of local buyers in both new developments and the existing housing market.
The average price per square meter in February was $1,334, which is 12.6% higher than a year earlier.
According to the results for 2025, the total value of apartments sold in Batumi's primary and secondary markets surpassed the $1 billion mark for the first time. The increase compared to 2024 amounted to $260 million. The annual growth rate for housing prices reached 11.5%.
Over the past year, a total of 17,053 real estate transactions were registered in the city, which is 2,516 (or 14.7%) more than in the previous year. The number of transactions in the new construction market increased by 75.2%, while the secondary market saw a rise of 18.2%.
Leo Chikava, Head of the Data Department at the consulting company Colliers Georgia, noted in a comment to BM.GE that citizens of Russia and Israel are the most active participants in Batumi's housing market. According to Georgia's National Public Registry, Russian citizens have purchased about 10,000 apartments in the country since 2022.
In March, amid events in the Middle East, the share of Israeli buyers among foreign transactions doubled year-on-year, reaching 40%.
