The increase in sales was recorded in both the primary and secondary markets. However, despite the positive dynamics, demand in the primary market is still significantly below the boom level of 2022-2023. The number of unsold properties remains high, indicating an oversupply. Prices in the primary market continued to rise, but maintaining the current pace may be difficult due to the large number of projects under construction and the gradual decline in rental yields.
Sales volumes
According to the Public Register, 4,049 apartments were sold in Batumi in the 1st quarter of 2026, which is 15.8% more than a year earlier.:
- Secondary market;(real dynamics): +10.1% year on year.
- Primary market (data may be biased due to registration delays): +21.1% year-on-year.
- Operational survey of developers;(reflects current trends in the primary market): The number of apartments sold increased by 70.6% year on year.
Prices (as of March 2026)
- Primary market: The average turnkey real estate price reached $1,893 per square meter, an increase of 8.7% year-on-year.
- Secondary market: the average price is 1,479 dollars per square meter, an increase of 7.8% year-on-year.
A large price gap between markets, the implementation of a large number of ongoing projects and a decrease in rental yields may put pressure on the ability of the primary market to maintain the current rate of price growth.
Rent
- Average Daily Rental Rate (ADR)In Batumi, it decreased by 7.3% in the 1st quarter of 2026, although the overall market performance strongly depends on the season.
- Rental yield was 7.1%, which remains a high indicator among global resorts.
Data on the districts of Batumi and its suburbs (1st quarter of 2026)
Old Batumi
- Apartments sold: 283
- Average turnkey price;:3,146 dollars per sq. m
- Average monthly rent:11.0 dollars per sq. m
Alley of Heroes
- Apartments sold: 811
- Average price:$2,081 per square meter
- There is no rental data
New Boulevard area
- Apartments sold: 1,671 (highest volume)
- Average price:1,787 dollars per sq. m
- Average monthly rent:10.8 dollars per sq. m
Gonio-Kvariati
- Apartments sold: 59
- Average price:$2,075 per sq. m
- There is no rental data
Makhinjauri
- Apartments sold: 317
- Average price:1,819 dollars per square meter
- There is no rental data
Inner regions
- Apartments sold: 492
- Average price:1,715 dollars per sq. m
- Average monthly rent:9.8 dollars per sq. m
Peripheral zones
- Apartments sold: 416
- Average price:$1,565 per sq. m
- Average monthly rent:9.6 dollars per sq. m
Kobuleti
- Apartments sold: 120
- Average price:$1,805 per sq. m
- There is no rental data
Structure of buyers by country (I quarter of 2026)
- Georgia: 37%
- Europe: 18%
- Russia, Belarus, Ukraine: 16%
- Israel: 10%
- Turkey: 4%
- Arab countries: 3%
- Other: 12%
Thus, the Batumi market is showing recovery after the recession, but remains vulnerable due to oversupply. The main demand has shifted to the area of the New Boulevard, and the key buyers remain citizens of Georgia, Western Europe, the former Soviet Union, Israel and Turkey.
Source: Galt & Taggart
