Tbilisi (GBC) - Galt & Taggart publishes an update on Batumi’s residential real estate and writes that demand in the Batumi residential market continued to grow in the second quarter of 2025 , sales increased in both the primary and secondary markets by 13.1% and 23.4% year-on-year, respectively.

This increase partly reflects the effect of the low base of the previous year. Prices continued to grow in both markets, and in the primary market they increased by 2.7% compared to the previous quarter. At the same time, rental prices increased by 1.6% year-on-year in June 2025, and therefore rental yields remained at a high level compared to other cities.

Real Estate Sales

According to the Public Registry, 4,018 apartments were sold in Batumi in the second quarter of 2025, which is 9.5% more than the previous year, of which:

  • Secondary market sales, which show dynamics in real time, increased by 23.4%.
  • Primary market sales, which are affected by delayed registrations, decreased by 0.5% year-on-year.

The results of the Galt & Taggart developer survey (which reflects primary market trends in real time) also show growth similar to the secondary market. According to the survey, the number of apartments sold in the second quarter of 2025 increased by 13.1% year-on-year. In total, the number of apartments sold in the primary market grew by 37.4% in the first half of 2025.

Prices

In June 2025, the average price per square meter in the primary market reached 1,427 USD, which is an increase of 2.7% compared to the previous quarter. In addition, in new projects in the secondary market (which were built with permits issued since 2013), the average price in June 2025 increased by 0.7% quarterly and by 11.5% annually, amounting to 1,307 USD.

Rent

In June 2025, the rent price for an average-sized apartment (50-60 sq m) in Batumi increased by 1.6% annually, amounting to 11.9 USD per sq m.