The market size of new flats has slightly decreased in Batumi in November, while the number of transactions registered on old flats is grown, - according to Colliers Georgia.
As of the updated data, in November 2021, 906 transactions were registered in Batumi, that is 9% higher than the same period in 2019. As for the market size, the figure stands at USD 37 million, reflecting a 4% increase compared to November 2019.
In November 2021 776 transactions were registered in new projects, that is 8% higher than the same period in 2019. On the other hand, the number of transactions registered on old flats has increased by 11% compared to November 2019.
In addtion, in November 2021, the market size of new flats has decreased by 1% when compared to the same period in 2019. As for the old flats, the figure stands at USD 7.1 million, increasing by 36%.
In November 2021, the number of transactions recorded on economy new apartments saw 20% increase compared to the same period in 2019. The figure for the medium segment has increased by 24%. While the number of transactions for premium segment has decreased by 41%.
