According to Colliers Georgia, residential real estate transactions in Batumi rose significantly in February 2026. A total of 1,315 units were sold, marking a 19.7% increase compared to February 2025, while the market value grew by 33.1% to $82 million.
New developments drove most of the growth, with transaction volumes rising 22.7% year-on-year, while sales of older apartments declined 12.8%. In the new-build segment, both the primary market (+24.4%) and secondary market (+21.4%) saw increases.
Colliers notes that the surge in new apartment transactions was largely driven by foreign buyers, who accounted for 50% of secondary market purchases. Compared to last February, foreign buyers increased by 53.9% on the primary market and 47.6% on the secondary market. “Foreign buyers outpaced Georgian buyers in both markets,” the report states.
Average prices for new apartments also rose, with the weighted average price reaching $1,334 per m², a 12.6% increase from last year. Growth was more pronounced on the primary market (+23.2%) than the secondary market (+6.9%). Colliers cautions that some primary market transactions are registered late, so the price trend may not fully reflect market realities
