According to Recov, Batumi registered 1,378 apartment transactions in July (−11.8% year-on-year), while market value was USD 92 million (−5.2%). The July 2025 base was lifted by bulk registration of transactions in several projects. This one reading is therefore not a simple forecast of demand.
Batumi registered 1,378 apartment transactions in July 2026, 11.8% below July 2025. Market value was USD 92 million, down 5.2% year-on-year. The result did not repeat the preceding month’s strong growth, but bulk registrations in the base prevent a single clear conclusion.
Transactions in new projects fell 11.1% year-on-year and old-apartment transactions fell 22.4%. By market type, primary transactions fell 32.8%, while secondary transactions grew 19.1%. Recov links the difference to late, bulk registration of transactions in several projects in July 2025.
The weighted average new-build price was USD 1,376 per m², 0.1% below a year earlier. The primary-market average fell 14.4%, while the secondary-market average rose 9.1%. Excluding one high-priced project, Recov says the primary-market price would have risen 2%. Here too, an average does not price a specific flat.
In July, non-residents’ cashless spending in Adjara hotels rose 71% year-on-year, with an average transaction of GEL 950. Restaurant spending rose 6%, with an average transaction of GEL 159. TBC calculates this from selected municipalities and activity in its POS and online channels. It does not represent the whole market or occupancy of a particular flat.
Galt & Taggart estimates August tourism revenue at USD 695 million, up 8.8% year-on-year. January-August revenue reached USD 3.2 billion (+1.6%). This is a national reading, not a measure of rent or occupancy in Batumi.
The market-wide yield benchmark has not changed. Galt & Taggart’s 2025 review puts Batumi rental yield at 7.4%, after 8.8% in 2024. Recov’s July report does not calculate rental yield. Entry price, occupancy, costs, tax status and exit scenario still need separate checks for a specific property.
Open question: will August registrations confirm the July picture, or will the one-off registration effect change? The next monthly reading, especially for the primary market, is needed to answer.
Recov’s July data shows a weaker year-on-year result, but the base effect does not allow a simple reading. The figures provide context, not a valuation of a specific property.
If you are considering a specific property or district in this context, Partner Estate can check its price and alternatives against your goal.