As of February 2024, the number of transactions of residential flats in Batumi has decreased by 30% up to 1,120 units. The market size has declined by 25% standing at USD 51 millions, - according to the report published by Colliers Georgia on recov.ge.
In February 2024, the number of transactions of newly-built flats in Batumi has decreased by 31% year over year, while a 19% YoY decline rate has been observed in the case of old flats.
In February 2024 the weighted average price of newly-built flats in Batumi increased by 3% equaling USD 926 per sq m, while the figure for old flats recorded a 16% decrease to USD 664 per sq m.
As of January 2024 in Tbilisi the weighted average price of old flats has increased by 10% in the suburbs, while in the wide centre and city centre 11% and 12% growth was witnessed.
As of January 2024, the number of transactions of residential flats in Batumi has decreased by 22% up to 1,069 units. The market size has declined by 20% standing at USD 46 millions.
In January 2024, the number of transactions of newly-built flats has decreased by 17% year over year, while a 49% YoY decline rate has been observed in the case of old flats.
In January 2024 the weighted average price of newly-built flats in Batumi increased only by 1% equaling USD 932 per sq m, while the figure for old flats recorded a 7% increase up to USD 718 per sq m.
