The average price of newly built apartments in Batumi increased to $926 in May

In May 2023, the weighted average price of newly built apartments in Batumi increased by 15% and amounted to USD 926 per square meter. In the case of old apartments, the rate increased by 12% to 732 US dollars. The information is published by recover.ge. 

In Batumi in May 2023, the demand for newly built premium segment apartments increased by 25%, while the number of transactions in the economy and medium segments decreased by 21% and 15%.

In Batumi in May 2023, the number of transactions of newly built apartments decreased by 10%, and in the case of old apartments, a decrease of 7% was observed.

In May 2023, the number of residential apartment transactions in Batumi decreased by 10% compared to last May, to 1,335 units, and the market size increased by 1% to 62 million USD.