RUENKAHE
Resort · Black Sea Coast

Real Estate in Batumi

153K residents, average primary-market price ~$1,865/m², 7–10% annual rental yield. But the market carries a real risk that's worth stating upfront and honestly — oversupply in short-term rentals.

Batumi — view from the Botanical Garden
Photo: Krzysztof Ziarnek, Kenraiz / Wikimedia Commons, CC BY-SA 4.0
~$1,865average primary-market price, per m²
$1,200+per m² in New Boulevard — market entry
7–10%annual rental yield
+4–6%2026 price growth forecast
—Weather

Why Batumi Interests Buyers in 2026

Batumi is Georgia's second-largest city and its main resort market: buyers from Israel, Turkey, the former USSR, and Western Europe consistently drive demand on the embankment and in central districts. Price growth has slowed from the intense 2022–2023 period to a more predictable 4–6% a year — the market is entering a maturing phase rather than sharp swings.

It's worth stating plainly: Batumi's market is recovering from a downturn but remains vulnerable specifically because of oversupply — above all in short-term rentals, where new construction has outpaced real tourist demand for several years running. That's not a reason to avoid Batumi, but it is a reason not to enter it purely for short-term rental income without a backup scenario.

That's exactly why, when choosing a district in Batumi, it's worth looking not just at price per m² but at which type of rental actually works in a given location — long-term renting to locals and expats behaves differently from short-term rentals to tourists.

Batumi Districts

Two districts with the most transparent pricing and transaction data.

Before You Buy — Worth Knowing

How to Buy

Foreigners' rights, power of attorney, closing costs.

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Taxes

On purchase, ownership, renting out, and sale.

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Mortgage

Which banks lend to non-residents, and on what terms.

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Frequently Asked Questions

How much does an apartment cost in Batumi in 2026?

The average price on the primary market in Batumi in 2025 was around $1,865 per m². By district the spread is wide: New Boulevard runs $1,200–1,900 per m², while the Old Town and embankment are a premium segment at $1,800–3,000 per m² (the city's most expensive submarket, reportedly up to $3,028 per m² per Colliers data).

What is the rental yield in Batumi?

For the popular investment micro-districts of New Boulevard, reports cite 7–10% annually. But that's a market-wide average, not a guarantee for any specific unit — in the short-term rental segment, supply is currently growing faster than demand, which pressures real occupancy and the actual yield of individual apartments.

Is it true that Batumi has an oversupply?

Yes, and it's worth factoring in before buying, not after. Batumi's market is recovering from a downturn but remains vulnerable specifically because of oversupply in short-term rentals. That doesn't mean "don't buy" — it means don't enter Batumi purely for short-term rental income without a backup plan for long-term renting or living there yourself.

Which Batumi district should I choose?

New Boulevard is the most active district by transaction count, with plenty of new construction, but it's also where the short-term-rental oversupply risk is concentrated. The Old Town and embankment are a premium, sea-view segment with historic character, pricier per m², but the limited historic building stock reduces oversupply risk in that specific segment.

See Each District on Its Own

New Boulevard and the Old Town follow fundamentally different investment logic — start with whichever is closer to your goal.

New Boulevard →Old Town →