As of May 2024, the number of transactions of residential flats in Batumi has decreased by 9% to 1,261 units. The market size has decreased by 7% standing at USD 62 millions, - according to the RECOV.ge.
In May 2024, the number of transactions of newly-built flats in Batumi has decreased by 8% year over year, while a 23% YoY decrease rate has been observed in the case of old flats.
As of May 2024 in Tbilisi, the weighted average price of old flats has decreased by 1% in the city centre, while in the wide centre and suburbs 5% and 11% growth was witnessed.
In May 2024 the weighted average price of newly-built flats in Batumi increased by 5% equaling USD 1,090 per sq m, while the figure for old flats recorded a 1% decrease to USD 724 per sq m.
