Batumi Market Monitor
Latest snapshot
Latest published source month: May 2026. This is a dated market snapshot, not a live feed.
- Weighted average price of newly built flats in Batumi.
- Registered residential-flat transactions in Batumi.
- Foreign-buyer share of transactions in old and new projects.
- Some primary-market transactions are registered late, so short-term price movements may not reflect real-time sales.
Stored price observations
A short, non-continuous series of verified source months. Missing months are not estimated, and this chart is not used for long-term trend forecasting.
Stored source months
| Month | Avg /m² | YoY | Units sold | Deal value | Foreign share | Source |
|---|---|---|---|---|---|---|
| 2026-02 | $1,334 | 12.6% | 1,315 | $82M | - | Georgia Today summary of Colliers Georgia data Dated press report |
| 2026-04 | $1,351 | 11.3% | 1,292 | $85M | 47% | RECOV by Colliers Georgia Market report |
| 2026-05 | $1,323 | 8.7% | 1,324 | $87M | 49% | RECOV by Colliers Georgia Market report |
Coverage gap: no verified row is stored for 2026-03. The site does not interpolate missing months.
Source releases are stored only when verified. Missing months are shown as gaps and are never interpolated.
Annual context
- 17,478 apartments sold across 2025 (+15% YoY).
- Market turnover of roughly $1.3B in 2025.
- About 12,400 unsold units in the surveyed pipeline, an oversupply risk worth monitoring.
- Property-based short-term residence threshold: appraised value must exceed $150,000 equivalent in GEL under the rules effective from 2026-03-01.
Annual market context and the monthly RECOV snapshot use different methodologies and periods. They should not be treated as one continuous price series.
Annual source: Galt & Taggart, Batumi Residential Real Estate 2025 Review Market report
SOURCE PERIOD 2026-05
Source: RECOV by Colliers Georgia Market report
What would signal a bubble or correction?
A high asking price alone does not prove that the Batumi real estate market is in a bubble. We watch for several signals moving together:
- Unsold new-build inventory rising while registered transactions weaken.
- Transaction value increasing mainly because prices rise, rather than because more homes sell.
- A widening gap between developer asking prices and registered or independently observed transaction evidence.
- Heavy dependence on a narrow group of foreign buyers or one investment narrative.
- A large off-plan pipeline reaching completion and resale at the same time.
The available data are indicators, not a forecast. Monthly registration can lag real sales activity, and asking-price sources measure a different market from completed transactions. We update this page when a new source release is available; missing months remain visible rather than being filled with estimates.
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