In November 2023, in Batumi the number of transactions of residential flats amounted to 993 units, reflecting 41% YoY decrease. Market size also decreased by 43% standing at USD 43 millions.
According to an updated review published on RECOV.GE, in November 2023 in Batumi the number of transactions in new projects decreased by 44%. The figure for old flats features a 24% decrease compared to November 2022.
In November 2023 in Batumi the number of transactions in new projects decreased by 44%. The figure for old flats features a 24% decrease compared to November 2022.
As of the updated review from Colliers Georgia, in the first 11 months of 2023, the weighted average price of newly-built flats in Batumi has increased by 15% compared to the same period of 2022, while in the case of old flats 7% growth was witnessed.
