Colliers Georgia reported that the residential property market in Batumi experienced strong growth in February 2026, with both transaction volumes and prices rising sharply.
A total of 1,315 apartments were sold during the month, a 19.7% year-on-year increase. The total market value grew even faster, rising 33.1% to $82 million.
Growth was primarily driven by new developments. Transactions in newly built apartments increased by 22.7% compared to February 2025, while sales in older residential projects declined by 12.8%. Within the new-build segment, both the primary market (+24.4%) and secondary market (+21.4%) posted solid gains.
Foreign buyers played a main role in this expansion. The report shows that they accounted for 50% of secondary market purchases. Their presence increased significantly year-on-year, rising by 53.9% in the primary market and 47.6% in the secondary market, surpassing local demand in both segments.
Prices also continued to climb. The weighted average price for newly built apartments reached $1,334 per square meter, up 12.6% compared to the same period last year. Price growth was more pronounced in the primary market, where it rose by 23.2%, while the secondary market recorded a 6.9% increase.
Colliers notes that some transactions in the primary market are registered with delays, meaning the reported price dynamics may not fully reflect real-time market conditions.
