The average residential real estate price in Old Batumi has reached US$3,146 per sq.m, surpassing prices in Tbilisi’s prestigious districts of Vake and Mtatsminda. Meanwhile, the New Boulevard Area and Gonio-Kvariati continue to narrow the gap with the capital’s premium residential locations.
Galt & Taggart has released its latest update on Batumi’s residential real estate market.
According to the report, 4,049 apartments were sold in Batumi in 1Q26, up 15.8% year-on-year. The New Boulevard Area accounted for the largest share of transactions, with 1,671 apartments sold during the quarter.
The total residential real estate market size reached US$321mn.
The average turnkey price on the primary market stood at US$1,893 per sq.m in March 2026, representing an 8.7% year-on-year increase.
The most expensive locations in Batumi were:
Old Batumi – US$3,146/sq.m
Alley of Heroes – US$2,081/sq.m
Gonio-Kvariati – US$2,075/sq.m
For comparison, according to Galt & Taggart’s March 2026 Tbilisi residential real estate report, average apartment prices in the capital’s premium districts stood at: Vake – US$2,933/sq.m, Mtatsminda – US$2,883/sq.m, Chughureti – US$2,200/sq.m, Krtsanisi – US$1,678/sq.m, and Saburtalo – US$1,658/sq.m.
Sales on the secondary market, which reflect real-time market dynamics, increased by 10.1% year-on-year. Sales on the primary market, where data is affected by delayed registrations, rose by 21.1% year-on-year.
Meanwhile, the average price on the secondary market for new projects reached US$1,479 per sq.m, up 7.8% year-on-year.
According to the report, the wide gap between the primary and secondary markets, the large pipeline of ongoing projects, and gradually declining rental yields may weigh on the primary market’s ability to sustain the current pace of price growth.
Average daily rent (ADR) in Batumi stood at US$27.2 per day in 1Q26, down 7.3% year-on-year. However, market performance remains largely dependent on the summer season.
Despite the decline in ADR, rental yield reached 7.1% in March 2026, remaining among the highest across peer cities. Batumi was surpassed only by Dubai (8.5%), while outperforming Antalya (6.6%), Nicosia (6.6%), Limassol (6.5%) and Alanya (5.6%).
Georgian citizens accounted for 37% of residential real estate purchases in Batumi in 1Q26. Buyers from Ukraine, Russia and Belarus represented 16% of transactions, Europe (18%), Israel (10%), Turkey (4%), Arab countries (3%) and other countries (12%). The share of Georgian buyers stood at 44% in 2025 and 32% in 2024.
The report notes that demand remained high in Batumi during 1Q26. Sales increased across both primary and secondary markets. Despite stronger activity on the primary market, demand remains well below the record levels observed in 2022-23, while unsold stock continues to rise, indicating ongoing oversupply pressures.
Prices on the primary market continued to increase at a solid pace. However, the large pipeline of ongoing projects and gradually declining rental yields may put pressure on the market’s ability to sustain current price growth trends.
Source: Galt & Taggart
Author: Lika Kasradze
Image AI-generated.
If you are considering investing in real estate in Georgia, Kedaro Group is ready to provide you with professional guidance.
Contact us:
– Email: kedarogroup@gmail.com
– Phone: +995 593 618 181
– Address: 18/22 G. Atoneli Street, 0105 Tbilisi, Georgia
