New Boulevard Leads in Sales, Old Batumi in Prices: Fresh Batumi Real Estate Trends by District

The Batumi real estate market is not a uniform, homogenous space. Sales volumes of residential apartments, prices, and annual rates of change vary substantially across the city's districts. This reality became especially apparent in the data for the first eight months of 2026, which show that primary market activity is concentrated in a handful of locations. However, high prices do not always translate into high sales volumes.

According to a study by Galt & Taggart, a total of 10 883 apartments were sold in Batumi between January and August 2026. The largest share went to New Boulevard, while Old Batumi became the leader in terms of property value. Over the same period, several other locations recorded varying rates of sales growth or decline, highlighting the internal differentiation of the city's residential real estate market.

New Boulevard: The Main Sales Hub

During the first eight months of 2026, New Boulevard ranked first in apartment sales volume in Batumi. Over the reporting period, 4 417 apartments were sold here, accounting for approximately 40.6% of all transactions registered across the city's seven primary locations. Compared to the same period last year, sales here grew by 8.7%.

The advantage of New Boulevard lies not only in the number of sales. In this same location, the weighted average price of turnkey primary market apartments during the reporting period stood at 1 798 dollars per square metre. This is significantly lower than figures for Old Batumi and Gonio-Kvariati, indicating that New Boulevard represents a relatively mid-range price segment paired with large sales volumes.

In second place is Alley of Heroes, where 2 485 apartments were sold over the eight months of 2026. Annual growth here reached 0.8%, with the average price reaching 2 255 dollars per square metre.

Notably, New Boulevard and Alley of Heroes collectively accounted for 6 902 sold apartments, representing roughly 63.4% of all transactions completed across Batumi's seven key locations.

These figures clearly demonstrate that the bulk of the city's residential real estate market is concentrated within these two geographical zones.

Old Batumi: Prices Rose, but Sales Declined

Old Batumi does not rank among the leaders in sales volume, yet it remains the city's most expensive residential location in terms of price levels.

According to Galt & Taggart, in August 2026, the weighted average price of turnkey primary market apartments in Old Batumi was 3 224 dollars per square metre. This is the highest figure among all locations featured in the study. However, price leadership was not accompanied by sales growth. During the first eight months of 2026, 839 apartments were sold in Old Batumi, marking a 15.5% decline compared to the same period last year.

This is one of the most substantial contrasts among Batumi districts. Specifically, in the location with the highest average price, transaction numbers are falling, whereas on the relatively more affordable New Boulevard, deal volume is expanding.

Furthermore, significant variation is observed within Old Batumi's own price segment. According to the report, the price range for turnkey apartments in this location during the reporting period spanned approximately from 1 890 to 5 150 dollars per square metre.

This demonstrates that even within a single district, prices diverge considerably, and the average indicator does not always accurately reflect the cost of a specific development.

Gonio-Kvariati: High Price Tier and Modest Sales Volume

Gonio-Kvariati is one of Batumi's most expensive residential locations.

In August 2026, the weighted average price of turnkey apartments on the primary market stood at 2 657 dollars per square metre. By this measure, Gonio-Kvariati holds second place behind Old Batumi.

Nevertheless, the number of sales here remains comparatively modest. In the first eight months of 2026, 196 apartments were sold in the district, down 10.9% compared to the same period last year.

A fairly broad price range was also observed in Gonio-Kvariati, spanning roughly from 1 770 to 5 500 dollars per square metre.

Thus, a high average price does not automatically guarantee large sales volumes. In Gonio-Kvariati, a premium price tier coexists with relatively low transaction activity.

This location contrasts sharply with New Boulevard, where substantially more apartments are sold at a significantly lower average price.

Makhinjauri Stands Out with the Fastest Sales Growth

Among Batumi locations, the highest year-on-year sales growth rate during the first eight months of 2026 was recorded in Makhinjauri.

Over the reporting period, 779 apartments were sold here, surpassing the previous year's figure by 38.1%. Regarding costs, the weighted average price of turnkey primary market apartments in Makhinjauri reached 1 998 dollars per square metre. Notably, this figure is higher than on New Boulevard, though it trails prices in Old Batumi and Gonio-Kvariati.

At the same time, it is important to emphasize that this rapid growth rate builds upon a relatively modest baseline volume. Consequently, Makhinjauri is not yet among the top locations in absolute sales volume, even though current dynamics indicate marked market acceleration toward this area.

It is also worth noting that this represents one of the most intriguing shifts in the geographic layout of Batumi's residential real estate market.

Inner Area and Periphery: Moderate Prices and a Slight Drop

In Batumi's inner area and periphery, average residential real estate prices remain relatively low among the districts included in the study.

In August 2026, the average price of turnkey primary market apartments in the inner area was 1 749 dollars per square metre, compared to 1 735 dollars on the periphery. Sales volume reached 1 138 apartments in the inner area and 1 029 apartments on the periphery. Both locations recorded annual declines: down 1.8% in the inner area and 1.5% on the periphery.

These figures show that comparatively affordable prices do not inherently guarantee sales growth. Nonetheless, transaction volumes in both locations remain substantial, representing one of the market's major segments right behind New Boulevard and Alley of Heroes.

A Substantial Price Gap Across Batumi Districts

According to Galt & Taggart data, in August 2026, weighted average prices for turnkey primary market apartments were distributed as follows:

• Old Batumi — 3 224 $/square metre;

• Gonio-Kvariati — 2 657 $/square metre;

• Alley of Heroes — 2 255 $/square metre;

• Makhinjauri — 1 998 $/square metre;

• New Boulevard — 1 798 $/square metre;

• Inner Area — 1 749 $/square metre;

• Periphery — 1 735 $/square metre.

As we can see, the price difference between Old Batumi and the periphery reaches 1 489 dollars per square metre. Consequently, the average price in Old Batumi exceeds that of the periphery by approximately 86%.

This disparity once again confirms that in the Batumi real estate market, location remains one of the primary pricing drivers.

In addition, price spreads within the districts themselves are notably wide. For instance, on Alley of Heroes, prices fluctuate between 1 400 and 3 325 dollars per square metre, while on New Boulevard they range from 1 200 to 2 570 dollars.

Therefore, when assessing the value of a specific property, relying solely on district-wide averages is insufficient. Project quality, stage of construction, exact location, and the unique characteristics of the unit itself are crucial.

Batumi's Residential Real Estate Market Is Increasingly Differentiated

Data from the first eight months of 2026 indicate that various locations across the Batumi residential real estate market serve distinct roles and hold independent competitive positions.

New Boulevard stands out for the largest sales volume, maintaining market leadership in the mass segment. Old Batumi is the most expensive location, yet shrinking sales reveal that elevated prices do not automatically produce increased transaction volumes.

As for other districts, Gonio-Kvariati constitutes an upper-tier price market with relatively low transaction activity, whereas Makhinjauri stands out for its sales growth pace. In the inner area and periphery, despite relatively modest price tags, minor sales declines were recorded.

These distinctions are equally vital for developers. To succeed in the market, it is increasingly essential to consider not only overall demand across the city, but also neighborhood specifics, accurate assessment of target buyer segments, and the local competitive environment.

Accordingly, the further development of Batumi's residential real estate market over the short and medium term will depend directly on the performance of these diverse location segments.

To sum up: the prevailing recent trend is unmistakable — most apartments in Batumi are sold where supply is broader and average prices are comparatively affordable, whereas peak pricing alone does not guarantee sales supremacy.

Source: Galt & Taggart — "Batumi Residential Real Estate: 8M 2026 Overview", November 5, 2026

Note: Sales figures are based on Public Registry records; district prices reflect the weighted average cost of turnkey apartments on the primary market. Batumi's geographic scope in the report includes Makhinjauri and Gonio-Kvariati.

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