In May 2026, in Tbilisi the number of transactions of residential flats amounted to 3,787 units, reflecting 13.1% YoY increase. Market size increased by 32.4% standing at USD 334 millions.
As of May 2026, the number of transactions of residential flats in Batumi has increased by 2.5% year over year, reaching 1,324 units. The market size has increased by 22.2%, standing at USD 87 million.
Updated real estate market data for Tbilisi and Batumi has been published by Colliers Georgia.
Tbilisi
In May 2026, the number of transactions in new projects in Tbilisi increased by 15.3% compared to May of the previous year. Growth was observed in both the primary (11.4%) and secondary (20.7%) markets for newly built flats. Notably, the Samgori district accounted for approximately 40% of the growth in secondary market transactions. Transactions in old projects also rose, showing a 5.1% increase. In May 2026, Georgian citizens remained the dominant buyers in both old and new projects, while the share of foreign buyers amounted to just 11.4%.
As of May 2026, the weighted average price of newly built flats in Tbilisi increased across all market areas, rising by 7.2% in the suburbs, 10.6% in the wider center, and 29.6% in the city center compared to May 2025. The strong growth was primarily driven by primary market transactions, reflecting the registration of several high-priced projects. While the weighted average price of the secondary transactions in city center grew by 11.5%. Citywide, the weighted average price increased by 14.9% in the primary market and by 5.5% in the secondary market.
As of May 2026, the weighted average price of old flats in Tbilisi increased by 23.5% in the city center, by 3% in the wide center and by 11.6% in the suburbs compared to May 2025. Overall, the weighted average price of old projects across the city rose by 16%. The strong price growth was affected by a relatively small number of recorded transactions.
Batumi
In May 2026, the number of transactions for newly built flats in Batumi increased by 3.3% year-over-year, while transactions involving older flats declined by 7.3%. Secondary transactions increased by 13.4%, while primary transactions saw 8.5% decline. The share of foreign buyers in transactions in old and new projects increased compared to May 2025, reaching 49%. Foreign buyers accounted for 59% of the growth in the number of transactions in old and new projects.
In May 2026, the weighted average price of newly built flats in Batumi increased by 8.7% year over year, reaching USD 1,323 per sq m. On the primary market, the weighted average price increased by 8.7%, while on the secondary market a 4.5% increase was observed Note: some primary transactions are registered late, resulting in a price growth trend that does not reflect reality.
Image AI-generated.
Author: Lika Kadradze
If you are considering investing in real estate in Georgia, Kedaro Group is ready to provide you with professional guidance.
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