In October 2024 the weighted average price of newly-built flats in Batumi increased by 14% equaling USD 1,141 per sq m, while the figure for old flats recorded an 11% increase to USD 1,014 per sq m, - according to the report published by Colliers Georgia on recov.ge.
In October 2024, the number of transactions of newly-built flats in Batumi has increased by 23% year over year, while a 27% YoY decrease rate has been observed in the case of old flats.
As of October 2024, the number of transactions of residential flats in Batumi has increased by 17% to 1,506 units. The market size has increased by 33% standing at USD 82 millions.
In Q3 2024, the number of transactions of residential flats in Batumi has increased by 11% to 3,813 units. The market size has increased by 15% standing at USD 198 millions.
