Source:galt&taggart
Analytics of Residential real estate in Batumi
3Q 2025
3Q 2025
In 2025, Batumi’s primary real estate market showed a gradual recovery following the sharp decline in 2024. Despite this improvement, demand remains well below the boom levels of 2022–2023, while unsold inventory stays high, indicating ongoing oversupply pressures.Prices on the primary market continue to rise, though sustaining this pace may be challenging amid softer demand and growing supply.
In contrast, the secondary market demonstrated stronger activity, surpassing 2022−2023 levels. Growth was supported by the expanding housing stock, which boosted transaction turnover, and prices continued to increase due to sustained demand.
According to the Public Registry, 4,893 apartments were sold in Batumi in Q3 2025, up 27% year-on-year.
- Secondary market: sales rose by 16.8% y/y (similar growth of 16.7% in 9M25), driven by the growing housing stock and higher transaction volumes.
- Primary market: sales increased by 34.6% y/y (up 11.8% in 9M25), though figures are still affected by delayed registration of transactions.
A real-time developer survey capturing current trends on the primary market mirrored the secondary market dynamics, showing a 10.4% y/y increase in sold apartments in Jan-Aug 2025, gradually recovering from the 2024 drop.
Average prices per square meter in September 2025:
Average prices per square meter in September 2025:
- Primary market: $ 1,821 (+9% y/y)
- Secondary market: $ 1,418 (+5.1% y/y)
- RentalsRental prices for apartments of 30−60 m² increased by 1.7% y/y, reaching $ 10.8 per m² in September 2025.
A recent survey of 20 active residential construction projects in Batumi provides insights into market trends in 2025.
- In the first eight months of 2025, 1,497 apartments were sold across the surveyed projects, marking a 10.4% year-on-year increase and reflecting a gradual recovery from the decline in 2024.
- Despite this improvement, demand remains considerably below the levels observed in 2022−2023. High unsold inventory continues to indicate oversupply pressures. While the sales-to-stock ratio has improved compared to 2024, it is still below the peak levels of 2021−2023.
- Foreign buyers remain a major driver of the market, accounting for 77% of apartment sales in 2025, with purchases coming from a diverse range of countries.
These findings suggest a market in gradual recovery, though challenges related to oversupply and softer domestic demand persist.
In conclusion, Batumi’s residential market is showing signs of recovery, though challenges remain.
In 2025, sales on the primary market increased year-on-year, reflecting a gradual rebound from the sharp decline seen in 2024. Despite this improvement, demand remains well below the boom levels of 2022−2023, while high unsold inventory continues to signal oversupply pressures. Prices on the primary market kept rising, although maintaining this pace may prove challenging amid softer demand and growing supply.
In 2025, sales on the primary market increased year-on-year, reflecting a gradual rebound from the sharp decline seen in 2024. Despite this improvement, demand remains well below the boom levels of 2022−2023, while high unsold inventory continues to signal oversupply pressures. Prices on the primary market kept rising, although maintaining this pace may prove challenging amid softer demand and growing supply.
In contrast, the secondary market saw stronger growth in 2025. Sales surpassed the 2022−2023 levels, supported by an expanding housing stock and higher transaction turnover. Prices continued to rise, reflecting stronger demand.
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