Following a rebound in 1Q25, Batumi’s residential real estate sales continued to grow in 2Q25 on both primary and secondary markets. Cumulatively, 1H25 sales were up by 13.1% on primary market and 23.4% y/y on secondary market, partially reflecting last year’s low base. Prices continued to rise in both markets, with a 2.7% q/q increase in the primary market. Meanwhile, rent prices rose by 1.6% y/y in Jun-25, keeping rental yields high compared to peer cities- Galt&Taggart research reads.
In 2Q25, the number of sold apartments in Batumi, according to the Public Registry, stood at 4,018 units, up by 9.5% y/y, of which:
• Sales on the secondary market, which show real time dynamics rose by 23.4% y/y.
• Sales on the primary market, where data is impacted by delayed registrations, decreased by -0.5% y/y.
Our real-time survey of developers, which captures current trends on primary market, mirrors the secondary market, showing a 13.1% increase in the number of sold apartments in 2Q25. Cumulatively, primary market sales were up 37.3% y/y in 1H25.
In Jun-25, price for renting an average apartment (50-60 sq.m.) in Batumi increased by 1.6% y/y, reaching $11.9 per sq.m..
