In September 2024 the weighted average price of newly-built flats in Batumi increased by 8% equaling USD 1,126 per sq m, while the figure for old flats recorded a 6% decrease to USD 988 per sq m, - according to the Collires' report published on Recov.ge.
In Q3 2024, the number of transactions of residential flats in Batumi has increased by 11% to 3,813 units. The market size has increased by 15% standing at USD 198 millions.
In Q3 2024 the weighted average price of newly-built flats in Batumi increased by 4% equaling USD 1,119 per sq m, while the figure for old flats recorded only 0.1% increase to USD 1,012 per sq m.
In September 2024, the number of transactions of newly-built flats in Batumi has increased by 25% year over year, while a 28% YoY decrease rate has been observed in the case of old flats.
As of September 2024, the number of transactions of residential flats in Batumi has increased by 19% to 1,401 units. The market size has increased by 18% standing at USD 70 millions.
