Batumi's Housing Market Shows Impressive Momentum: Turnover Up 22%.
According to the latest report from analytical firm Colliers Georgia, May 2026 marked a new surge of interest in real estate along the Black Sea coast of Adjara. Over the month, 1,324 residential units were sold in the resort capital, surpassing May 2025 figures by 2.5%.
The progress is particularly notable in monetary terms: the total value of concluded deals reached $87 million, reflecting a 22.2% increase compared to the same period last year. Experts attribute this positive correction to strong interest from foreign buyers and the city's sustained appeal as an investment destination.
Analysts note divergent trends across different segments. The primary market remains confident, with sales in new residential complexes up 3.3%. At the same time, secondary market transactions slowed somewhat, showing a 7.3% decline.
In terms of pricing, the weighted average cost per square meter in Batumi's new builds reached $1,323 in May, up 8.7% year-on-year. Notably, the main driver of price growth is the new construction sector (+8.7%), while secondary market prices rose more modestly at 4.5%.
To put things in perspective: by the end of 2024, 15,000 purchase-and-sale transactions were recorded in the city (down 2% from 2023), with a total turnover of $778 million (+6%). However, 2025 proved to be a breakthrough year: the number of apartments sold surged to 16,596 units (+14.9%), while total market revenue jumped 32.6% to $978.6 million. The latest data for May 2026 confirms that the upward trend remains firmly intact.
