Batumi Residential Real Estate – 1Q25 Overview

Real estate sales

In 1Q25, the number of sold apartments in Batumi, according to the Public Registry, stood at 3,497 units, up by 3.7% y/y of which:

• Sales on the secondary market, which show real time dynamics rose by 9.0% y/y.
• Sales on the primary market, where data is impacted by delayed registrations, decreased by -0.5% y/y.

Prices

In March 2025, the primary market average price per square meter rose by 1.2% m/m, reaching $1,506 — a 2.5% increase compared to the price at the end of the previous quarter. Similarly, the average price on the secondary market in March 2025 was 5.6% higher than the prior quarter’s closing price, amounting to $1,298.

Rents

In Mar-25, price for renting an average apartment (50-60 m²) in Batumi increased by 8.1% compared to Dec-24 and 0.7% y/y reaching $10.4 per m².