Batumi Real Estate Market in the First 8 Months of 2026: 10,883 Apartments Sold

Between January and August 2026, 10,883 apartment sales were registered in Batumi — 3.6% more than a year earlier. But the bigger story is not the overall growth, it is how that growth was split: the resale market overtook new builds for the first time, money in the market grew faster than the number of deals, and the share of foreign buyers rose sharply. Here is what the latest Galt & Taggart review shows.

Resale overtakes new builds for the first time

According to the Public Registry, 5,459 deals went through on Batumi’s secondary market over eight months — almost 12% more than a year earlier. The primary market registered 5,424 deals, down 3.6%. As a result, resale apartments took the lead in sales volume for the first time. A year ago, new builds accounted for about 53.5% of all deals.

Why new builds are selling better than it looks

The dip in the primary market is more about how statistics work than about falling demand. A deal between a developer and a buyer is often registered not at the moment of purchase but later. That is why registry figures for the current period lag behind actual sales.

To get a real-time picture, Galt & Taggart surveyed developers in September 2026: more than 40 residential projects under construction, covering about 40% of Batumi’s primary market. These projects sold 3,273 apartments in January–August, compared with 2,518 a year earlier — a 30% increase.

An important caveat: the +30% reflects the surveyed developers, not the entire primary market. But the direction is clear.

Market size: $867 million

The value of the market grew faster than the number of apartments sold: +13.9% versus +3.6%. In other words, the average deal got bigger. This is especially visible on the secondary market, where volume grew by almost a fifth.

Where people buy apartments in Batumi

Almost two thirds of all deals happen in two locations — New Boulevard and Heroes Alley, 63.4% combined. New Boulevard remains the leader with 4,417 apartments, or 40.6% of all sales in the city. The fastest growth is in Makhinjauri: +38.1% year on year.

Old Batumi and Gonio–Kvariati saw declines over the period. Growth is uneven: demand is concentrating by the sea in the new part of the city and shifting towards Makhinjauri.

Who is buying: 72% are foreigners

In projects of the surveyed developers, Georgian citizens bought 28% of apartments and foreigners bought 72%. In 2025, local buyers accounted for 43%, so the market has become noticeably more international in a year.

• Georgia28%
• Ukraine, Russia, Belarus19%
• Europe17%
• Israel12%
• Arab countries7%
• Turkey7%
• Other countries10%

For the market, this is both an advantage and a risk. Demand from many countries makes Batumi less dependent on any single audience. But a high share of foreign buyers also means the market is sensitive to the global economy and geopolitics.

What this means for buyers

• Look at actual sales, not just the registry. Registration data for new builds lags behind, so it is better to ask the developer, or an agent who works with them, about demand for a specific project.
• Resale has become a real alternative. There are more deals and more money there than a year ago. If you want an apartment you can rent out right away, the secondary market is worth considering.
• Location matters. New Boulevard is the most liquid district, Makhinjauri the fastest-growing. In districts where sales are falling, pay extra attention to the price and the project.
• Buying remotely is now the norm. Most buyers are foreigners, and many close the deal without coming to Batumi. That is why it matters to have a specialist check the documents.

Data source: Galt & Taggart, Batumi residential real estate review for 8 months of 2026 (5 November 2026), as reported by InternationalInvestment.biz; Public Registry of Georgia.