Georgia's residential property market continued to record substantial transaction volumes in 2026, with Tbilisi and Batumi showing continued activity across the first half of the year. Data from Galt & Taggart, based on National Agency of Public Registry figures and other market sources, shows rising transaction volumes and property prices in both cities.
Residential Transactions Reach USD 2.5 Billion
Tbilisi recorded 27,274 residential property transactions worth USD 2.5 billion between January and July 2026. The total market value increased 27.3% year on year. July accounted for 4,475 apartment sales. Secondary-market transactions reached 2,294, up 18.8% year on year, while primary-market sales stood at 2,181, an increase of 24.4%.
Secondary-market sales in Tbilisi reached their strongest monthly total since 2022, a signal that resale demand is accelerating alongside the primary market.
The increase in market activity reflected improved sentiment and favourable macroeconomic conditions, including the stronger Georgian lari and lower interest rates. Residential prices also continued to increase, although growth varied across locations and property segments.
Apartment Sales Increase in Q2
Batumi recorded 4,168 apartment sales in Q2 2026, an increase of 3.7% compared with the same period in 2025.
Secondary-market transactions reached 2,200 apartments, up 13.4% year on year. Registered primary-market sales totalled 1,968 apartments, down 5.3%, though primary-market registrations can be affected by delays; a survey of selected developers showed primary-market sales increasing 35.1% year on year during the quarter.
Property prices continue to rise. The average price of a completed primary-market apartment in Batumi reached USD 1,960 per square metre in June, up 9.8% year on year. The average price for apartments in newer secondary-market projects reached USD 1,497 per square metre, an annual increase of 6.5%.
New Boulevard remained Batumi's largest submarket by transaction volume. Other areas also recorded annual price growth, including Old Batumi, Gonio-Kvariati and the Alley of Heroes.
Georgian citizens accounted for just 33% of purchases in Batumi during H1 2026, according to the developer survey — meaning international buyers were behind roughly two-thirds of all sales.