February 2026 marked a significant upswing in Batumi's residential real estate market. According to analysts at Colliers Georgia, 1,315 purchase and sale transactions were registered during the month. This figure is 19.7% higher than the results from February of the previous year. The total market value of sold properties reached $82 million, corresponding to an annual increase of 33.1%.
The new-build sector was the primary driver of this positive momentum. The volume of transactions involving properties under construction or in recently completed buildings increased by 22.7% compared to the same period in 2025. At the same time, demand for secondary housing showed the opposite trend, with sales in the older housing stock declining by 12.8%.
Colliers experts attribute the surge in market activity to foreign buyers. In February 2026, they accounted for 50% of all secondary market transactions. Notably, the number of purchases by non-residents rose by 53.9% in the primary housing segment and by 47.6% in the secondary segment. "Foreign buyers outpaced Georgian buyers in both markets," the company's report emphasizes.
Price dynamics also demonstrate steady growth. The weighted average cost per square meter in new apartments reached $1,334, which is 12.6% higher than last year's figures. However, prices in the primary market grew significantly more (+23.2%) than in the secondary market (+6.9%). Colliers notes, however, that the registration of some new-build transactions is delayed, so the real price picture may differ somewhat from the current statistical data.
