According to Colliers Georgia, Georgia’s residential real estate market continued to expand in May 2026, with both transaction volumes and market values increasing in Tbilisi and Batumi. In Tbilisi, transactions rose by 13.1% year-on-year to 3,787 units, while the market size grew by 32.4% to $334 million.
Batumi also posted growth, with transactions up 2.5% to 1,324 units and total market value increasing by 22.2% to $87 million. Colliers notes that foreign buyers played a key role in Batumi’s expansion, accounting for 49% of transactions and driving 59% of market growth, while Tbilisi remains dominated by local buyers at 88%.
The company says Batumi is increasingly viewed as an investment destination, while demand in Tbilisi is mainly driven by personal use and strong rental demand. Both cities also saw notable growth in the secondary market, which increased by around 20%.
Prices continued to rise alongside sales. In Tbilisi, new-build apartment prices increased by 7.2% in outer districts, 10.6% in wider central areas, and 29.6% in the city center. In Batumi, new-build prices rose by 8.7% to $1,323 per square meter, with growth recorded in both primary and secondary markets.
