Batumi's real estate market continues to expand steadily, with international demand emerging as its primary growth driver. According to a report by Colliers, 1,468 apartment transactions were completed in the city in June 2026, an increase of 8.2% compared to the same month last year. However, the key story is not just the growing number of transactions but the changing profile of buyers and the continued rise in property prices.
An increasing number of buyers are choosing newly built residential developments. Sales of apartments in new projects rose by 11.6% year-over-year, while demand for older housing declined sharply, with transactions falling by 26.4%. This trend reflects the market's ongoing transformation, as both investors and homebuyers increasingly prefer modern developments offering better infrastructure, higher-quality amenities, and stronger rental income potential.
At first glance, the market data may appear contradictory. The number of registered transactions in the primary market declined by 0.8%, while the secondary market recorded a 24.5% increase. According to Colliers, this discrepancy is largely due to the registration process, as many purchases in new developments are officially recorded several months after the initial sale. As a result, official statistics do not always reflect real-time market activity.
The most significant trend is the rapid growth in foreign demand. International buyers now account for 47% of all apartment purchases, while Georgian citizens represent 49% of transactions. The remaining 4% is not specified in the report. Notably, foreign investors were responsible for 87% of the overall increase in sales, making overseas capital the main force supporting Batumi's real estate market.
The growing interest from international buyers is driven by several factors. Batumi remains one of the most affordable resort cities on the Black Sea coast, where property prices are still considerably lower than in many popular European seaside destinations. At the same time, investors continue to purchase apartments for holiday use, rental income, and long-term capital appreciation.
Rising demand continues to push prices higher. The average weighted price per square meter in new developments increased by 22.6% over the past 12 months, reaching USD 1,455. Prices in the primary market climbed by 30.4%, although Colliers notes that this figure was partly influenced by the registration of high-end projects and delayed transaction recordings. Meanwhile, prices in the secondary market also continued to rise, posting a year-over-year increase of 13.7%.
The results for the first half of 2026 reinforce the strength of the market. During the first six months of the year, 7,838 apartments were sold in Batumi, up 11.4% compared to the same period in 2025. The total market value reached USD 507 million, representing an impressive 29% year-over-year increase.
Market analysts believe Batumi's real estate sector is entering a new stage of development. Strong inflows of foreign capital continue to sustain demand and support rising property values. At the same time, housing is becoming increasingly less affordable for local residents. The market's future performance will largely depend on whether international demand remains strong and whether the current pace of growth can continue without creating the risk of overheating.
