According to the updated website of Colliers International real estate market review Recov.ge, 788 transactions were registered in Batumi in May 2021, which is 3% more than in 2019.
During this period, the market size increased by 14% and the volume amounted to $ 34 million.
In May 2021, 683 transactions were registered in newly built projects in Batumi, which is 3% more than in the same period of 2019. In the old projects, the number of transactions increased by 4%.
In May 2021, the market size of newly built apartments increased by 15% compared to the same period in 2019. As for the market value of old apartments, the figure increased by 6% to $ 5 million.
"As a result of transactions registered in the Orbi City project, the premium segment has increased about 2.5 times. It should be noted that about 40% of the premium transactions were recorded in the Orbi City project," - said in a review of the Batumi residential apartment market.
