According to a study by Colliers Georgia, 17,052 transactions were recorded during the year, which is 17% more than the previous year. The market volume grew by 34% and exceeded $1 billion.

The key focus is the structure of demand. Around 70% of the growth was driven by foreign buyers.

Foreign buyers are active in both the primary and secondary markets, but their clear preference is new-build properties.

This is directly reflected in prices. The average price per square meter in the secondary market of new projects reached $1,497, while in older housing stock it was $1,196. Strengthening demand naturally accelerates price growth.

It is also worth noting the gradual decline in the share of Georgian buyers in new projects. In 2025, it stood at 51%. The report emphasizes that a noticeable shift in the demand structure began in 2022–2023 amid regional geopolitical changes and growing demand from Russian and Ukrainian citizens.

For the Batumi market, this means one thing: the city is firmly establishing itself as an international investment destination.

New projects are becoming the key driver, while foreign buyers are shaping price and liquidity dynamics.

The question is no longer whether there is demand. The question is which formats will capture it next.

Source: bm.ge

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These are the actual figures for 2025 for Tbilisi and Batumi.

Tbilisi closed the year with 42,267 transactions and a market volume of $3.3 billion. Growth reached 15%. And the main momentum came specifically from the primary market.

Batumi recorded 17,052 transactions and 17% annual growth. Market volume exceeded $1 billion for the first time. For the city, this is an all-time high.

Prices are not standing still. In new projects on the secondary market, the average price per square meter is already around $1,484 in Tbilisi and $1,497 in Batumi. There is no noticeable slowdown compared to 2024.

Another important point is the structure of demand. 86% of foreign buyers choose new projects. The share of local buyers in new-build properties is gradually decreasing and stood at 51% in 2025.

This means one thing: the market has fully become international. Demand is supported not only by domestic buyers. Capital is coming in from abroad, and this is already a systemic trend, not a one-time surge.

In this market dynamic, it is important not just to “buy an apartment,” but to understand where you stand: the primary or secondary market, the construction stage, the location, and the investment horizon.

Source: bm.ge

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The number of transactions increased by 25.3% to 1,293 apartments. Market volume grew by 36% and reached $77 million.

The main focus, of course, is new-build properties. Transactions in new projects increased by 27.6%, while the primary market grew by as much as 55.6%. Part of this growth is related to the registration of large projects, but the dynamics are still indicative.

Growth in the secondary market was more moderate at +3.7%. At the same time, the number of foreign buyers already exceeds the number of local buyers.

Prices continue to move upward.

The average price of new-build properties is $1,316 per sq.m, almost 16% higher year-on-year. In the primary market, prices increased by 18%, while in the secondary market they rose by 15%.

It is important to understand that some primary market transactions are registered with a delay, so the actual dynamics may be even stronger.

Batumi remains a market where growth is supported not only by domestic demand, but also by foreign capital.

Market volume, activity, and the share of foreign demand are all increasing.

If you are considering entering the market, the key question is at what stage of the project you enter and in which segment.

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Prices continue to move upward, especially in new-build properties.

In the wider city center, annual growth reached 20%. In the city center, prices increased by 12.5%, and in the suburbs by 10.4%.

Across the city as a whole, the primary market grew by 11.1%, while the secondary market increased by 5.3%.

Older housing stock is also not standing still: prices increased by an average of 8% across the city.

The number of transactions grew by 1.4% and reached 2,923 apartments. Market volume reached $232 million, up 11.7%.

Growth in transactions in new projects was driven specifically by the secondary market of new-build properties (+8%), while the primary market showed a slight correction. This indicates a redistribution of demand within the segment rather than a decline in market interest.

Tbilisi remains a stable market with moderate but systemic growth.

If you are considering buying an apartment in the capital, it is important to understand where the greatest potential is currently forming: the city center, the wider center, or the suburbs, and whether in the primary or secondary market.

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According to TBC Capital, the average price across the city was $1,312 per sq.m. However, the spread within the market is significant — from $786 to $4,088 per sq.m depending on the segment.

It is interesting to look at the dynamics over the past few years.

From 2019 to 2025, the Economy+ segment grew the most, with a CAGR of +9%.

🟠 Luxury class +2%

🟠 Premium+ (+6%)

🟠 Premium +7%

🟠 Comfort +8%

🟠 Economy+ (+9%)

🟠 Economy +6%

This indicates that the main demand and growth are concentrated in the mid-market segment, where price and liquidity are balanced. The upper segment is growing more slowly, as in most markets.

At the same time, the volume of issued construction permits in 2025 amounted to 1.28 million sq.m (+2% compared to 2024). New supply is mainly concentrated in Didi Digomi, Isani, and Gldani.

Tbilisi remains a heterogeneous market: the average citywide price says little without understanding the category and location.

It is important to understand which segment currently has the main potential.

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Source: bm.ge

The average price of new-build properties increased by 12.6% year-on-year and reached $1,334 per m². At the same time, the primary market showed more noticeable dynamics — +23.2%, while the secondary segment increased by 6.9%.

It is also important to note that some primary market transactions are registered with a delay, so the actual picture may be even more active.

By number of transactions:
new-build properties — growth of +22.7%
secondary housing — decrease of −12.8%

The total number of residential real estate transactions increased by 19.7% and amounted to 1,315 transactions for the month. Market volume grew to $82 million, up 33.1% year-on-year.

Looking at the structure of demand, there is a clear shift toward new housing stock — both at the construction stage and in the secondary market of new-build properties.

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Source: recov.ge

The Tbilisi market is not just growing — it is accelerating. And it is important to understand where exactly this growth is being formed. The city center is showing the strongest price dynamics, but the main volume of movement is coming through new projects — this is where demand and capital are concentrated.

Another important point is the gap between the primary and secondary markets. The primary market is growing faster, and this is logical: developers continue to raise prices as construction progresses, while buyers enter at early stages, locking in future upside.

+14.7% — price growth in new-build properties in the city center
+10.7% — average growth of the primary market across the city
+6.3% — secondary market growth

By number of transactions:
+21.7% — new projects
+15.7% — older housing stock

And if we look at the dynamics of transactions (+20%) and market volume (+34%), it becomes clear: capital continues to enter the market, and it is growing faster than the number of properties.

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While some still think Georgia is just a vacation destination, the global business community in Vienna is officially recognizing it as the Best Discovery in business tourism.

What is happening right now?

• Transport revolution: Turkey has officially allocated a budget for the Samsun–Sarpi railway. This is a direct route along the Black Sea coast, turning Batumi into a key logistics hub between Europe and Asia.

• City clean-up: The City Hall has finally started dealing with unauthorized construction and old infrastructure. The city is getting rid of visual clutter and turning into a polished showcase.

• Status: Batumi is no longer just a seasonal resort. Big business, forums, and MICE tourism are entering the city, which means the concept of “off-season” for rentals may soon simply disappear.

Buying an apartment when everything is already built and prices have gone through the roof is not an investment — it is simply buying real estate.

Real returns are made on news like this. When transport accessibility increases and the city is visibly improving, the price per square meter in quality properties makes a leap.

You can continue watching the changes from the comments, or you can become part of them — and the owner of an asset that works for you 365 days a year.

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The first quarter of 2026 closed with a strong figure: almost 1 million tourists — 997,529 visits. This is +4% compared to last year and a new all-time high for the country.

Importantly, this refers specifically to tourists, not just the overall flow of border crossings. This means that Georgia is not simply “processing traffic,” but continues to strengthen as a full-fledged destination for both leisure and living.

Turkey remains the leader in terms of the number of visits, but markets with higher purchasing power are playing an increasingly noticeable role. The top countries consistently include the USA, the United Kingdom, Germany, Poland, China, and others.

The dynamics from Europe deserve special attention: the flow from European Union countries and the United Kingdom increased by 30% and reached 96,226 visits. This is no longer just growth, but a systematic strengthening of the destination.

Against the backdrop of this data, it becomes clear that Georgia continues to strengthen not only as a mass tourist destination, but also as a market attracting a “heavier” tourist — with longer stays and higher spending.

In the long term, it is precisely these changes in the structure of tourist flow that have a key impact on the country’s economy and real estate market.

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According to the National Statistics Office of Georgia, in the first quarter of 2026, the residential real estate price index increased by 1.8% compared to the previous quarter and by 3% year-on-year.

Growth is being recorded across the entire market, but the district-level dynamics are especially interesting. The highest prices traditionally remain in Mtatsminda and Vake, while the more affordable segment is concentrated in Samgori.

At the same time, Krtsanisi showed the strongest growth — +12% year-on-year. The average price increased from GEL 3,979 to GEL 4,456 per m², making this district one of the fastest-developing areas in the capital.

This dynamic is not accidental. Krtsanisi is gradually establishing itself as a location with limited supply, a high share of green areas, and private-style development — qualities that have almost disappeared from the city’s central districts.

If you are considering this district as an investment or residential destination, there is currently a truly strong project on the market with a gated territory, low-density development, and a focus on privacy and infrastructure.

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In March 2026, the number of transactions in new projects in Tbilisi increased by 33.4% compared to March of the previous year. Growth was recorded both in the primary market (+38.7%) and in the secondary market of new-build properties (+26.7%). The number of transactions in older projects also increased by 22.8%.

The significant growth in the number of transactions in March 2026 was largely driven by the low base of the previous year, which was related to political instability.

In March 2026, the weighted average selling price of older apartments in Tbilisi increased compared to March 2025:
— by 8.3% in the city center
— by 5.2% in the suburbs
— while the wider center recorded a decrease of 0.4% due to an increased share of more affordable districts

Across the city as a whole, prices for older apartments increased by 6.8%.

For new-build properties:
— prices in the suburbs increased by 10.9%
— in the wider center, they increased by 7.4%
— in the city center, a decrease of 0.4% was recorded, also due to a change in demand structure

In the primary market, the weighted average price increased by 4.2%, while in the secondary market it increased by 3.9%.

The total number of residential apartment transactions in Tbilisi in March 2026 amounted to 3,913 units, which is 30.9% more than a year earlier. Market volume increased by 36.3% and reached USD 321 million.

The market is alive, active, and continues to grow. The outskirts are becoming increasingly attractive for investment due to the high pace of price growth, while the city center remains the consistently expensive “good old Tbilisi.”

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Source: recov.ge

In March 2026, the number of residential apartment transactions in Batumi increased by 10.9% compared to March of the previous year and amounted to 1,227 units, while market volume grew by 33.4% to USD 81 million.

The number of transactions with new-build properties increased by 9% compared to March 2025, while transactions with secondary housing grew by 41.8%. The overall growth in the number of transactions was mainly driven by the secondary market, where the figure increased by 15.8%, while the primary market recorded growth of only 0.8%.

The weighted average price of new-build properties in Batumi in March 2026 increased by 9% compared to the same period of the previous year and amounted to $1,302 per m². Growth in the primary market was 8.6%, while in the secondary market it was 7.5%.

Some transactions in the primary market are registered with a delay, so the current price dynamics may not fully reflect the real growth.

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Fresh statistics on the Batumi market for April 2026 show interesting trends. The market has grown significantly in monetary terms, but this growth is driven almost entirely by one factor — foreign buyers.

During the month, 1,292 residential apartment transactions were registered in the city (+12.3% compared to April of last year).

But the dynamics within the market are different:

• New projects, including both the primary market and recent secondary resales, increased by 12.3%.
• Older housing stock went into negative territory, down 5.4%. Interest in old apartments is expectedly declining. At the same time, the pure primary market from developers grew by 13.3%, while resales in new buildings increased by 11.6%.

Foreign buyers now account for almost half of the market — their share of transactions reached 47%. Moreover, 90% of all spring sales growth was driven specifically by foreign buyers.

The weighted average price per square meter in new-build properties rose to $1,351 (+11.3% year-on-year).

• In the primary market, growth amounted to 15.2%.
• In the secondary market of new buildings, it was 9.4%.

In monetary terms, the Batumi market grew significantly—by 27.4%, reaching $85 million in one month. This was due to a combination of an increase in the overall number of transactions and rising prices per square meter.

Batumi remains a market highly dependent on external demand. Demand is shifting exclusively toward modern projects, while older properties are gradually losing liquidity.

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According to the latest statistics, 1,324 residential apartment transactions were registered in Batumi in May. This is 2.5% more than a year earlier. However, the market volume grew by 22.2% at once — reaching $87 million.

The market is growing not so much due to a sharp increase in the number of transactions, but rather due to rising property values and a shift in demand toward more expensive segments.

New developments continue to hold their position: the number of transactions in new projects increased by 3.3%, while the weighted average price reached $1,323 per m² — 8.7% higher than in May of last year.

At the same time, there is an important nuance within the market. In the primary market, the number of transactions decreased by 8.5%, but some primary transactions are registered with a delay, so these figures do not always immediately reflect the real sales activity of developers.

Meanwhile, the secondary market showed growth of 13.4%. This may indicate that buyers are increasingly looking at completed or more predictable properties, where they can move faster into rental income, resale, or personal use.

Batumi’s main driver remains unchanged — foreign demand. The share of foreign buyers increased to 49%, and 59% of the total growth in transactions across new and older projects was driven specifically by foreigners.

In other words, Batumi still operates as an international market: property in the city is purchased not only for living, but also as an investment tool — for rental income, resale, capital preservation, and seasonal seaside living.

🟠 What does this mean for the buyer?

In such a market, it is important not just to search for “an apartment in Batumi.” You need to understand which property will be liquid: who will rent it later, who will buy it on resale, how strong the location is, how the district is developing, and whether the project has real demand.

Prices are rising, but not all properties are growing equally. That is why the main task is not to choose the loudest project, but the one with a clear strategy.

Message us — we will help you find real estate in Batumi based on your goal: living, rental income, or capital growth.

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