Number of Transactions Of Residential Flats Up By 70% in Batumi In May
Colliers Georgia published a new report on residential apartments. According to the report, a number of transactions of residential apartments is sharply grown in May 2022.
According to the data, published on Recov.ge, as of May 2022, the number of transactions of residential flats in Batumi has substantially increased, reflecting a 70% growth up to 1,436 units. The market size has increased by 66% standing at USD 59 million.
"A sharp increase in the number of transactions was observed in Batumi in all segments of newly built apartments. The number of transactions in economy segment apartments increased by 63%, medium and premium apartments - by 71% and 84%, respectively. The average price of newly built apartments in Batumi decreased slightly to USD 873 per square meter in May 2022. In the case of older apartments, there was a 9.7% decrease and the figure equaled to USD 621, "- said in an updated review of residential apartments.
Related news
See all the news
All
-
24.05.2023 | 16:03
LEADx Change Unveils Season 4 of Leadership Accelerator & Public Square Summit
-
13.05.2023 | 15:51
Forbes to be Acquired by Entrepreneur and Philanthropist Austin Russell
-
06.05.2023 | 10:55
Arrival Hosts Yet Another Successful Metaverse Event: A Recap of the Latest Conference
-
28.04.2023 | 08:40#საქმიანიდილა - 28 აპრილი - პროლოგი
-
27.04.2023 | 16:02
The company "Tam Management" makes an explanation
-
24.04.2023 | 01:05
#forbesკვირა - ქალაქები,სადაც ცხოვრებაში თანხებს გიხდიან
-
20.04.2023 | 11:47
წერეთლის გამზირის რეაბილიტაცია - სავაჭრო ობიექტების მოლოდინები
-
04.04.2023 | 15:36
როგორ შეიცვალა საცხოვრებელი უძრავი ქონების ფასი 12 წელში?
-
03.04.2023 | 14:47
როდის გაიხსნება რიკოთი?
-
31.03.2023 | 13:22
სახელმწიფო მხარდაჭერის ეფექტიანობა DCFTA-ის ბაზრებზე – ISET-ის კვლევა
-
07.03.2023 | 22:35
"Georgia will be faithful to the European path... I serve this path" - Ambassador of Georgia to France
-
17.02.2023 | 16:52
Cavea plus-ის 6 თვის შედეგები და გამოწვევები
-
21.01.2023 | 17:40
Gold is shining in the new geopolitical world
-
21.01.2023 | 16:50
VR Holding is starting a large-scale and innovative project in Shekvetili
-
12.01.2023 | 00:00
JSC “Rustavi Azot” was sold
-
29.12.2022 | 14:00
We Are Creating An Innovative Co-Working Space In Tbilisi - Sergi Gvarjaladze
-
18.12.2022 | 12:20
State to build Anaklia Port
-
13.12.2022 | 15:37
NG Georgia - თარგმანი ყველა ენაზე
-
06.12.2022 | 18:45
The Rich Often Enjoy Tax Break - Deputy Minister
-
29.11.2022 | 17:00
Israel Got Acquainted With The Business Tourism Potential Of Georgia