According to Galt & Taggart's analysis, the first quarter of 2026 confirmed persistently strong consumer interest in housing in Batumi. A notable market recovery began as early as late 2025.
Positive dynamics were recorded in both the new construction and secondary market segments. However, current demand for primary housing still falls short of the 2022–2023 boom levels. A significant volume of unsold square meters indicates an imbalance between supply and demand. Prices for apartments in new buildings continue to rise, but maintaining this pace may be hindered by the large number of ongoing construction projects and a gradual decline in rental yields.
Property Sales Volumes
According to the Public Registry, 4,049 apartment purchase-sale transactions took place in Batumi from January to March 2026 - 15.8% higher than the same period last year:
- Secondary market (actual figures): +10.1% year-on-year.
- Primary market (accounting for transaction registration delays): +21.1%.
- Developer survey (real-time picture): number of units sold increased by 70.6%.
Pricing Situation (March 2026)
- New buildings: average price per square meter with finished finishes reached $1,893 (+8.7% year-on-year).
- Secondary housing: average price - $1,479 per sq. m (+7.8% year-on-year).
The significant price gap between primary and secondary segments, the abundance of current construction projects, and declining rental yields may limit the new construction market's ability to maintain its previous price growth rates.
Property Rentals
- The average daily rate (ADR) decreased by 7.3% in the first quarter, although final figures are heavily tied to seasonality.
- Rental yield remains at 7.1%, which stays attractive compared to global resort destinations.
Quarterly Statistics by Batumi Locations and Suburbs:
- Old Batumi: 283 sales, average price - $3,146/sq. m, rent - $11.0/sq. m per month.
- Heroes' Alley: 811 sales, price - $2,081/sq. m (no rental data).
- New Boulevard (highest transaction volume): 1,671 sales, price - $1,787/sq. m, rent - $10.8/sq. m.
- Gonio-Kvariati: 59 sales, price - $2,075/sq. m.
- Makhinjauri: 317 sales, price - $1,819/sq. m.
- Inner districts: 492 sales, price - $1,715/sq. m, rent - $9.8/sq. m.
- Peripheral zones: 416 sales, price - $1,565/sq. m, rent - $9.6/sq. m.
- Kobuleti: 120 sales, price - $1,805/sq. m.
Buyer Geography (Q1 2026):
- Georgia - 37%
- European countries - 18%
- Russia, Belarus, Ukraine - 16%
- Israel - 10%
- Turkey - 4%
- Arab states - 3%
- Others - 12%
Conclusion: Batumi's real estate market is recovering after a downturn but remains sensitive to oversupply. The core of demand is concentrated in the New Boulevard area. Key buyer categories are citizens of Georgia, residents of Western Europe, former USSR countries, Israel, and Turkey.
