Demand for residential real estate in Georgia's Black Sea resort city continues to show steady positive momentum. According to a fresh report from analytical firm Galt & Taggart, the number of apartment purchase and sale transactions in Batumi demonstrated confident growth in the first quarter of 2026, across both the new-build and secondary market segments.
According to data from the National Registry analyzed by experts, 4,049 apartments were sold in Batumi during the first three months of the year. This figure exceeds sales volumes for the same period last year by 15.8%. The primary market showed even more significant dynamics, with growth of 21.1% (2,180 apartments), while the secondary market recorded a 10.1% increase (1,869 apartments).
Even more optimistic figures come from a survey of developers conducted by Galt & Taggart in real time. According to this data, sales growth on the primary market reaches 70.6% year-over-year.
However, analysts caution that despite the positive trend, buyer activity in the new-build segment still lags noticeably behind the record levels of 2022–2023. At the same time, the number of properties listed for sale continues to rise, creating conditions for potential market oversaturation.
The pricing situation remains tight. The average cost per square meter in completed primary-market properties reached $1,893 in March 2026, which is 8.7% higher than the previous year's level. On the secondary market, prices for newer properties rose 7.8% to $1,479 per sq. m.
The report's authors highlight an imbalance: "The significant price gap between primary and secondary markets, the large volume of projects under construction, and the gradual decline in rental yields may become factors restraining further price growth at the same intense pace in the new-build segment."
The study also revealed substantial variation across Batumi's districts in terms of sales volume and property prices. The "New Boulevard" district became the clear leader in the number of transactions in the first quarter, while "Old Batumi" remains the most expensive location:
- New Boulevard: 1,671 transactions, average price - $1,787/sq. m;
- Heroes Avenue: 811 transactions, average price - $2,081/sq. m;
- Central District: 492 transactions, average price - $1,715/sq. m;
- Periphery: 416 transactions, average price - $1,565/sq. m;
- Makhinjauri: 317 transactions, average price - $1,819/sq. m;
- Old Batumi: 283 transactions, average price - $3,146/sq. m;
- Kobuleti: 120 transactions, average price - $1,805/sq. m;
- Gonio-Kvariati: 59 transactions, average price - $2,075/sq. m.
Regarding the demand structure, according to a developer survey, Georgian citizens remain the primary buyers in the first quarter of 2026, accounting for 37% of transactions. Among foreign buyers, citizens of European countries lead (18%), followed by Israel (16%), as well as citizens of Ukraine, Russia, and Belarus, whose combined share amounted to 13%.
On the rental market, experts are recording mixed trends. The average daily rate (ADR) for apartments listed on Airbnb fell by 7.3% year-over-year, dropping to $27.2 in the first quarter. Despite this decline, rental yields in Batumi remain high at 7.1%. This figure is second only to Dubai (8.5%) and outperforms other investor-popular cities such as Antalya, Nicosia, Limassol, and Porto.
