April 2026 once again confirmed the steady growth of Batumi's residential real estate market. The number of apartment purchase and sale transactions increased by 12.3% compared to the same period last year, reaching 1,292 units. The total market volume grew by 27.4%, hitting $85 million USD. For context: in April 2025, 1,165 properties were sold, and a year earlier - in April 2024 - 1,234 apartments.
According to updated data from the Recov.ge portal, the weighted average price per square meter in new buildings rose by 11.3%, to $1,351. At the same time, primary market prices showed a 15.2% increase, while the secondary market saw a more modest 9.4% rise. Experts note that registration delays in the primary market may somewhat distort the real picture of price dynamics.
Business activity in the segment also increased noticeably. New construction sales rose by 12.3%, while sales of apartments in older housing stock, conversely, fell by 5.4%. The number of transactions grew in both market sectors: up 13.3% on the primary market and 11.6% on the secondary market.
One of the most striking recent trends is the sharp increase in the role of foreign buyers. Their share in transactions involving both new and secondary properties reached 47%, with foreign buyers accounting for 90% of the total growth in the number of transactions. Leo Chikava, Head of Research and Data Services at Colliers Georgia, notes that it is still too early to assess the full impact of global events on Batumi's market. Nevertheless, the dominance of foreign buyers is already evident: their share has recently fluctuated between 44-47%, and in some periods even exceeds the share of local residents.
