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.
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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