As of January 2023, the number of transactions of residential flats in Batumi has increased by 75% up to 1,330 units. The market size has increased by 98% standing at USD 58 millions, - according to Colliers Georgia.
According to the document, in January 2023 the weighted average price of newly-built flats in Batumi increased by 34% equaling USD 924 per sq m, while the figure for old flats recorded a 6% increase up to USD 674 per sq m.
In January 2023, the number of transactions of newly-built flats has grown by 76% year over year, while a 72% YoY growth rate has been observed in the case of old flats.
