Batumi’s residential property market slowed in July after a strong first half of 2026.
According to RECOV by Colliers Georgia, 1,378 apartment transactions were registered during the month, 11.8% fewer than in July 2025. The total value of transactions declined 5.2% to approximately $92 million.
At the same time, foreign buyers accounted for 48% of transactions in new and old residential projects, highlighting the continued importance of international demand to the Batumi property market.
But the headline decline does not tell the whole story.
Transactions Fell, but the Headline Needs Context
The slowdown was not uniform across the market.
Transactions involving newly built apartments fell 11.1% year-on-year, while transactions in older apartments declined 22.4%.
The sharpest change was recorded in the primary market, where transactions fell 32.8%. However, Colliers notes that July 2025 included bulk registrations across several projects, creating an unusually high comparison base.
Meanwhile, secondary-market transactions in newly built apartments increased 19.1%.
This makes July a useful example of why a single month of registration data should not automatically be interpreted as a sudden change in buyer demand.
Batumi New-Build Prices Averaged $1,376/m²
The weighted average price of newly built apartments in Batumi reached $1,376 per square metre, almost unchanged from July 2025 at -0.1% year-on-year.
The underlying picture was more mixed.
Primary-market prices appeared to fall 14.4%, but Colliers attributes much of this decline to the bulk registration of one high-priced project in July 2025. Excluding that project, the weighted average primary-market price would have increased by approximately 2%.
On the secondary market for newly built apartments, weighted average prices increased 9.1% year-on-year.
The figures show why citywide averages can sometimes be distorted by the timing and scale of registrations in individual developments.
Foreign Buyers Still Account for Almost Half the Market
Foreign buyers represented 48% of transactions in Batumi’s new and old residential projects in July, compared with 50% for Georgian buyers.
The foreign-buyer share was also high in June, at 47%. By comparison, foreign buyers represented only 12% of transactions in new and old residential projects in Tbilisi in July.
The contrast shows how much more important international demand is to Batumi’s residential market.
Related: Gonio Real Estate Market 2026: H1 Data, Projects and Key Risks
Is July a Reversal or Just a Slower Month?
It is too early to describe July as a reversal of Batumi’s broader 2026 market trend.
During the first half of 2026, Batumi recorded 7,838 apartment transactions, up 11.4% year-on-year, while total market value increased 29% to $507 million.
The more useful question now is whether weaker transaction activity continues over several months.
For buyers, the July figures also demonstrate why citywide averages should not be applied mechanically to individual properties. Primary and secondary markets are moving differently, while prices can vary substantially by district, project and developer.
Readers comparing individual developments can also review current project-level data on HomeRadar.
Our View
July’s 11.8% decline in transactions deserves attention, but the underlying data is more balanced than the headline suggests.
The primary market was affected by an unusually high comparison base, secondary-market activity increased, and foreign buyers still represented almost half of transactions.
For the rest of 2026, three indicators are particularly worth watching: monthly transaction volumes, the foreign-buyer share and the difference between primary and secondary-market pricing.
Several consecutive months of data will provide a much clearer signal about the direction of Batumi’s property market than July alone.
Source
RECOV by Colliers Georgia — Residential Market Data
Information checked: 1 September 2026.
Editorial note: Registered transactions and weighted average prices are market-level indicators and do not determine the value or future performance of an individual property. Results can vary significantly by location, project and apartment characteristics.
