A total of 10,883 apartments were sold in Batumi from January through August 2026, up 3.6% from the same period a year earlier. This was reported by business news portal Bizzone, citing a market report by Galt & Taggart based on Public Registry data.
Resales drive growth
Resales rose by 11.8% to 5,459 apartments. The primary market recorded 5,424 sales, a decline of 3.6%. According to the report cited by Bizzone, delays in registration affect this primary-market figure. A survey of developers quoted in the report even indicates primary-market growth of around 30% year on year.
This makes it worth taking a closer look at the two segments. The timing of contract signing and registration differs between purchases directly from developers and resales. This distinction is essential when assessing current demand for properties sold by developers.
Completed new-build apartments are becoming more expensive
Completed apartments on the primary market cost an average of $1,986/m² in August, 11.2% more than a year earlier. For apartments in newer projects on the secondary market, the analysis reports $1,614/m² and an increase of 7%.
The level of finish is particularly important when comparing listings. Anyone using these averages should compare them with apartments offering a similar standard of finish and fittings. For a property offered as a shell, the costs of bringing it into its intended use must also be included in the calculation.
What does this mean for buyers and investors?
Batumi remains a housing market with a strong international presence. According to August data from Colliers Georgia, foreign buyers accounted for 52% of transactions in new and older residential buildings. This highlights the city's importance beyond Georgia's domestic market.
In our view, the active resale market offers additional opportunities for comparison. Buyers can compare a new-build offer with specific alternatives in existing buildings, assessing location, construction quality and ongoing operations. Accessibility, infrastructure and services available year-round also contribute to a location's long-term quality.
Our conclusion
Batumi's housing market continues to develop: More resales and international demand give the location a broad base. We see this as a positive signal for Georgia's appeal as a property destination. Where good buildings, reliable operations and a vibrant urban environment come together, they create compelling conditions for long-term property value.
