In August 2024 the weighted average price of newly-built flats in Batumi increased by 1% equaling USD 1,119 per sq m, while the figure for old flats recorded a 10% increase to USD 1,053 per sq m, - according to Colliers Georgia.
As of the document, in August 2024, the number of transactions of newly-built flats in Batumi has increased by 10% year over year, while a 7% YoY decrease rate has been observed in the case of old flats.
As of August 2024, the number of transactions of residential flats in Batumi has increased by 9% to 1,169 units. The market size has increased by 16% standing at USD 62 millions.
