Colliers Georgia published a report on Residential Real-Estate Recovery. As of the document, in October 2021, 1,027 transactions were registered in Batumi, that is 10% lower than the same period in 2019. As for the market size, the figure stands at USD 45 million, reflecting a 2% increase compared to October 2019.
According to the updated data, in October 2021, 882 transactions were registered in new projects, that is 12% lower than the same period in 2019. On the other hand, the number of transactions registered on old flats has increased by 11% compared to October 2019.
In October 2021, the market size of new flats has decreased by 4% when compared to the same period in 2019. As for the old flats, the figure stands at USD 7 million, increasing by 50.
In October 2021, the number of transactions recorded on economy new apartments saw 7% decrease compared to the same period in 2019. The figure for the medium segment has declined by 26%. As for the premium segment, the number of transactions has decreased by 7%.
