Fewer Transactions, Higher Market Value: Real Estate Trends in Batumi and Tbilisi in September 2026

Transaction Distribution and Market Value in Batumi

According to the latest Colliers data, Batumi's real estate market recorded another decline in the number of transactions, while their total value increased. In September 2026, the number of residential apartment transactions fell by 10.4% compared with the same period in 2025, reaching 1,614. Meanwhile, the total market value increased by 0.9% to $107 million.

In terms of buyer nationality, foreign nationals accounted for 48% of all apartment transactions in both existing and new residential developments.

According to the latest Colliers data, existing and new developments showed contrasting trends. In September 2026, the number of apartment transactions in Batumi's new developments declined by 11.6% compared with September 2025, while transactions involving older residential properties increased by 8.8%.

However, the decline in new developments was recorded only in the primary market, where transactions fell by 38%. This was largely due to the simultaneous registration of a significant number of transactions in several projects in 2025. In contrast, transactions in the secondary market increased by 27.3%.

Weighted Average Property Prices in Batumi

According to the latest Colliers data, the weighted average price of apartments in Batumi's new developments increased by 5.2% in September 2026 compared with the same period in 2025, reaching $1,408 per sq. m.

However, prices in the primary market declined by 10.7%, while those in the secondary market rose by 9.9%. The decrease in primary market prices was mainly attributed to the simultaneous registration of transactions in a high-end development in September 2025.

Excluding this project, the weighted average price in the primary market increased by 4.6%.

Transaction Distribution and Market Value in Tbilisi

According to the latest Colliers data, both the number and total value of real estate transactions increased in Tbilisi. In September 2026, 4,245 residential apartment transactions were registered, representing a 6.4% increase compared with the same period in 2025. Their total value rose by 24.1% to $376 million.

According to the latest Colliers data, transactions in Tbilisi's new developments increased by 9.8% in September 2026 compared with the same period in 2025. Growth was recorded in both the primary market, where transactions rose by 6.3%, and the secondary market, which recorded a 14.6% increase.

In older residential developments, the number of transactions declined by 4.7%. It is also worth noting that Georgian nationals accounted for the majority of apartment buyers in both new and existing developments in Tbilisi.

The share of foreign buyers increased slightly compared with September 2025, reaching 12%.

Weighted Average Property Prices in Tbilisi

According to the latest Colliers data, the weighted average selling price of apartments in Tbilisi's new developments increased in September 2026 compared with September 2025. Prices rose by 9.9% in suburban districts, 15% in the wider city center, and 12.3% in central areas.

It should be noted that transaction registrations began in several high-end developments in the wider city center, contributing to the increase in average prices.

Across the city, the weighted average price in the primary market increased by 11.9%, while prices in the secondary market rose by 10%.

In September 2026, the weighted average selling price of apartments in Tbilisi's older residential properties increased by 16.8% in central districts, 17.3% in the wider city center, and 10.9% in suburban areas compared with September 2025.

Overall, apartment prices in older residential developments across Tbilisi increased by 14%.