In 2025, primary market sales in Batumi grew y/y, reflecting a gradual recovery from the sharp decline recorded in 2024. However, despite this improvement, demand remains well below 2022–23 boom years, while unsold stock stays high, indicating oversupply pressures. Prices on the primary market continued to rise, though sustaining the current pace may be challenging given relatively softer demand and increasing supply- Galt&Taggart weekly review reads.
In contrast, secondary market activity strengthened more notably in 2025. Sales exceeded 2022–23 levels, supported by the expanding housing stock and related higher market turnover. Prices on the secondary market continued to increase, reflecting stronger demand.
In 3Q25, the number of sold apartments in Batumi, according to the Public Registry, stood at 4,893 units, up by 27.0% y/y, of which:
• Sales on the secondary market, which show real time dynamics rose by 16.8% y/y (up 16.7% y/y in 9M25). These dynamics are mainly influenced by the growth of the Batumi housing stock and related growth in transactions.
• Sales on the primary market, where data is impacted by delayed registrations, increased by 34.6% y/y (up 11.8% y/y in 9M25).
In Sep-25, average turn key price per square meter on the primary market reached $1,821, up 9.0% y/y. Meanwhile, the average price on the secondary market reached $1,418, up 5.1% y/y.
In Sep-25, the price of renting an average sized apartment (30-60 sq.m.) in Batumi increased by 1.7% y/y, reaching $10.8 per sq.m.
