Batumi’s real estate market surpassed $1 billion in 2025, marking a record year for the city, according to updated data published on RECOV.GE and analyzed by Colliers Georgia. Total annual growth reached $260.5 million, while the number of transactions rose to 17,053, an increase of 2,516 compared to 2024. The average price per square meter also rose from $1,050 in 2024 to $1,167 in 2025.
Leo Chikava, Head of Research and Data Services at Colliers Georgia, told BM.GE that foreign buyers were the main driver of the market’s expansion. While foreigners historically boosted the primary market, their activity has now spread significantly to the secondary market as well. Both segments showed improvements beyond 2022 levels, when the market was heavily driven by Russian migration.
Prices increased sharply: in new projects on the secondary market, prices rose 11.5%, nearly double the growth rate recorded in 2024. Overall market size expanded by 34% year-on-year. According to Chikava, 47% of secondary-market sales in 2025 were made by foreign buyers, up from 27% in 2021. Moreover, 70% of total transaction growth in 2025 was attributable to foreigners.
The most active foreign buyers came from Russia, Ukraine and Israel. While Russia’s share had fallen in 2024 after the migration surge of 2022–2023, activity partially recovered in 2025. Ukrainian and Israeli buyers maintained stable participation, with significantly higher shares compared to 2021.
Overall, Colliers concludes that foreign demand, now strong in both new and resold properties, remains the dominant force shaping Batumi’s real estate dynamics.
