Almost 11 thousand apartments were sold in Batumi in 8 months: how much does a square meter of housing cost?
The real estate market in Batumi continues to grow, but the profitability from renting apartments is gradually decreasing. In recent years, the average daily rental price (ADR) has remained almost unchanged, while apartment purchase prices have continued to rise.
This is according to a study by Galt & Taggart.
According to analysts, in eight months of 2026, 10,883 apartments were sold in Batumi, which is 3.6% more than the corresponding period last year. Sales growth was recorded in both the primary and secondary markets according to a survey of developers and registration statistics.
הגידול בביקוש הוקל על ידי השקת פרויקטים חדשים בקנה מידה גדול, התעניינות של קונים מקומיים וזרים וכן הגברת השיווק של היזמים.
Some apartments have been sold.
Secondary market: 5,459 apartments, an increase of 11.8% per year.
Primary market: 5,424 apartments, a decrease of 3.6%.
It should be noted that the primary market statistics depend on the timing of the registration of transactions, which may occur late. A survey conducted among entrepreneurs, which reflects the situation in real time, shows a different dynamic: sales of new apartments increased by 30% during the year.
How much does a square meter cost?
In August 2026, the average cost of 1 square meter of a finished apartment in the primary market reached $1,986, which is 11.2% more than a year earlier.
In the secondary market, the average cost of 1 square meter in new projects was $1,614, an increase of 7% over the year.
The gap between prices in the primary and secondary market continues to widen.
What can stop the price increase?
Galt & Taggart believe that a further increase in housing prices in the primary market at the same rate may prove difficult. The limiting factors include: the growing difference in housing costs in both markets, a large volume of projects under construction and a gradual decrease in rental yields.
Photo by Giga Kokoladze PhotoArt.