Batumi Market Monitor
Batumi’s new-build market is still climbing: around $1,300/m2 on average, up roughly 9% year-on-year, with well over 1,000 apartments changing hands a month and foreign buyers making up close to half of demand. Here’s the latest, updated monthly and sourced.
Latest snapshot
$1,337/m²
Avg new-build price
+10% YoY
1,324
Apartments sold / mo
$87M
Monthly deal value
52%
Buyers who are foreign
Price trend
Average new-build asking price per m², by month. A short series for now - it lengthens with each monthly issue.
Recent months
| Month | Avg /m² | Units sold | Deal value |
|---|---|---|---|
| 2026-02 | $1,330 | 1,315 | $82M |
| 2026-04 | $1,335 | 1,292 | $85M |
| 2026-05 | $1,337 | 1,324 | $87M |
The bigger picture
- 17,478 apartments sold across 2025 (+15% YoY).
- Market turnover of roughly $1.3B in 2025.
- About 12,400 unsold units in the pipeline - worth watching for oversupply.
- Residency threshold now $150,000 (since 2026-03-01).
UPDATED 2026-05
Source: Colliers / Galt & Taggart
What we’re watching
Two forces are balancing each other into 2026: 2022’s construction-boom projects are now hitting the secondary market, while banks financed fewer new launches through 2025 – so analysts expect steady prices rather than a spike or a correction. The pipeline of unsold units is the number to watch; a glut there is the classic early signal of softening. We refresh this page each month.
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