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%.
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%.
It's worth noting that some primary market transactions reach the registry with a delay, so actual price growth may even outpace official price charts.
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.
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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