Tbilisi (GBC) - Batumi’s residential real estate market saw 17,478 transactions in 2025, marking a 15% increase compared to the previous year, according to investment bank Galt & Taggart. The market rebound follows a decline recorded in 2024.
The total market value rose 23.8% year-on-year to reach $1.3 billion. Analysts attribute the growth to the launch of new large-scale projects and increased supply in the secondary market. Developer surveys covering around 40% of the primary market showed high buyer diversification.
Foreign buyers accounted for 52% of sales, while Georgian citizens represented 48%. Among foreigners, Israelis and Europeans each made up 13%, Ukrainians, Russians, and Belarusians 11%, and Turkish and Central Asian residents 3% each.
Galt & Taggart noted that Batumi remains attractive to international investors, with both transaction volumes and property prices continuing to rise.