In 1Q24, the number of apartments sold in Bakuriani reached 220 units, down 6.0% y/y. Majority of the transactions (65.5% of total) were recorded on the secondary market, - according to the real-estate report published by Galt&Taggart.
Total of 14 residential projects are available for sale on the primary market in Bakuriani. In 1Q24, small-sized apartment (26-50 m2) sales accounted for 76.7% of total sales, in line with existing trend. Moreover, 55.7% of sales were recorded in budget segment (< USD 1,000), followed by 42.0% in midscale segment (USD 1,001 – 1,500).
In 1Q24, weighted average price of apartments in Bakuriani was up slightly by 2.7% y/y, reaching USD 1,044/m2. Total market size of apartments sold in Bakuriani stood at USD 10.4mn, slightly down by 1.9% y/y, mostly due to reduced transactions on the primary market.
In 1Q24, small-sized apartment (26-50 m2) sales accounted for 76.7% of total sales, in line with existing trend. Moreover, 55.7% of sales were recorded in budget segment (< USD 1,000), followed by 42.0% in midscale segment (USD 1,001 – 1,500).
In 1Q24, weighted average price of apartments in Bakuriani was up slightly by 2.7% y/y, reaching USD 1,044/m2. Total market size of apartments sold in Bakuriani stood at USD 10.4mn, slightly down by 1.9% y/y, mostly due to reduced transactions on the primary market.
