As of November 2024, the number of transactions of residential flats in Batumi has increased by 39% to 1,374 units. The market size has increased by 46% standing at USD 71 millions, - according to the updated report on residential real estate by Colliers Georgia.
In November 2024 the weighted average price of newly-built flats in Batumi increased by 6% equaling USD 1,097 per sq m, while the figure for old flats recorded a 2% decrease to USD 975 per sq m.
In November 2024, the number of transactions of newly-built flats in Batumi has increased by 49% year over year, while a 23% YoY decrease rate has been observed in the case of old flats.
In October 2024, the number of transactions of newly-built flats in Batumi has increased by 23% year over year, while a 27% YoY decrease rate has been observed in the case of old flats.
