“According to Public Registry data, 4,893 apartments were sold in Batumi in the third quarter of 2025, which is 27.0% more than in the same period last year,” reads a report published by Galt & Taggart.

Galt & Taggart released its quarterly review of residential real estate transactions in Batumi for Q3 2025.

According to the research, sales in Batumi’s primary market increased in 2025 after declining in 2024.

“Despite the growth, sales dynamics still significantly lag behind the levels of 2022–23, while the number of available apartments remains high, indicating risks of oversupply.
Although primary market prices continued to rise, in our assessment, given the weakened demand and increased supply, the current pace of price growth may be unsustainable,” the report states.

For context, the primary market refers to transactions between developers and individuals, while the secondary market refers to transactions between private individuals.

According to Galt & Taggart’s review, the highest number of transactions in Q3 occurred in the New Boulevard area, where 2,055 apartments were sold.
The average price per square meter there was USD 1,753.

In the Heroes’ Alley surrounding area, 944 apartments were sold, with an average price of USD 2,074 per square meter.

The third most active area was the surroundings of Old Batumi, where 701 apartments were sold at an average price of USD 2,906 per square meter.

“In 2025, sales in the secondary market increased significantly and exceeded the levels of 2022–23, mainly driven by the expansion of Batumi’s housing stock and the accompanying rise in activity. Amid growing demand, prices in the secondary market continued to increase,” the research states.

As for property prices, in September 2025 the average price per square meter in the primary market (for turnkey apartments) reached USD 1,821 a 9.0% year-on-year increase.

In new projects on the secondary market, the average price rose by 5.1% year-on-year to USD 1,418.

Rental prices in Batumi also increased in Q3 2025.

“In September 2025, the rental price for an average-sized apartment (30–60 sq.m.) increased by 1.7% year-on-year, reaching USD 10.8 per sq.m.,” the review states.

Galt & Taggart notes that sales statistics rely on Public Registry data, where primary market transactions are often recorded with delays.
For this reason, the company regularly conducts surveys of developers.

In September 2025, Galt & Taggart surveyed systemic developers, covering 20 ongoing residential projects in Batumi.

According to the survey:

  • In the first eight months of 2025, the number of apartments sold increased by 10.4% year-on-year (after a decline in 2024), reaching 1,497 units.
  • Despite the growth, sales dynamics still lag significantly behind 2022–23 levels, while a high number of units remain on the market, indicating oversupply risks. As a result, the ratio of annual sales to available units remains below 2021–23 levels.
  • In 2025, foreign buyers accounted for 77% of sales in the surveyed developers’ projects, diversified across various countries.

Galt & Taggart is an investment bank in Georgia, providing brokerage, research, and investment banking services.