In September 2022 the weighted average price of newly-built flats in Batumi increased by 14% equaling USD 886 per sq m, a 10% growth rate was recorded in the case of old flats standing at USD 678 per sq m, - according to the report published by Colliers Georgia.
As of September 2022, the number of transactions of residential flats in Batumi has increased by 47% up to 1,627 units. The market size has increased by 57% standing at USD 74 million.
In September 2022, the number of transactions of newly-built flats has grown by 51% year over year, while a 21% YoY growth rate has been observed in the case of old flats.
