As of the first half of 2024, the number of transactions of residential flats in Batumi has decreased by 17% to 6,915 units. The market size has declined by 11% standing at USD 350 millions,- according to the document published by Colliers Georgia on the official web-site of RECOV.ge.
As of June 2024, the number of transactions of residential flats in Batumi has decreased by 19% to 1,105 units. The market size has decreased by 13% standing at USD 56 millions.
In June 2024, the number of transactions of newly-built flats in Batumi has decreased by 21% year over year, while a 5% YoY decrease rate has been observed in the case of old flats.
In June 2024 the weighted average price of newly-built flats in Batumi increased by 4% equaling USD 1,098 per sq m, while the figure for old flats recorded a 2% increase to USD 1,037 per sq m.
