Batumi Residential Real Estate - 3Q25 Overview

In 2025, primary market sales in Batumi grew y/y, reflecting a gradual recovery from the sharp decline recorded in 2024. However, despite this improvement, demand remains well below 2022–23 boom years, while unsold stock stays high, indicating oversupply pressures. Prices on the primary market continued to rise, though sustaining the current pace may be challenging given relatively softer demand and increasing supply.

In contrast, secondary market activity strengthened more notably in 2025. Sales exceeded 2022–23 levels, supported by the expanding housing stock and related higher market turnover. Prices on the secondary market continued to increase, reflecting stronger demand.