Batumi Residential Real Estate - 1Q26 Overview

In 1Q26, demand remained high in Batumi (after strong sales by end-2025), with sales increasing across both primary and secondary markets. Despite increased sales, demand on the primary market still 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 large pipeline of ongoing projects and gradually declining yield.