Tbilisi and Batumi are Georgia’s two largest housing markets. New-build prices in both cities are now almost the same, but demand works differently, so the choice depends on the purpose of the purchase.
Tbilisi: volume and liquidity. According to Galt & Taggart, more than 35,000 apartments were sold in the capital in January–September 2026, up 16.7% year on year, while deal value rose 26.3% to $3.2 billion. In September the average primary-market price was $1,434 per m². Prices vary widely by district: white-frame space ranges from about $1,111 per m² in Vashlijvari to about $3,372 in Vake. Didi Digomi, Saburtalo and Samgori recorded the most deals. As the country’s business and education hub with year-round demand, Tbilisi is usually chosen for living, working and long-term rentals.
Batumi: resort and foreign demand. According to Colliers, the average new-build price in Batumi was $1,408 per m² in September 2026, up 5.2% year on year. Foreign buyers accounted for 48% of purchases. The number of deals fell 10.4% against a high base last year, but their value grew 0.9% to $107 million. At the World Travel Awards 2026 Batumi was named Europe’s Leading All-Season Destination for the fourth time, and Georgia’s Q3 tourism revenue rose 11.9% to $1.9 billion. New waterfront locations are emerging: according to the company, 48 ha are already commissioned on the reclaimed Ambassadori Island, where Tonino Lamborghini Tower, First Tower, One Peninsula and Origami Island are under construction. Batumi is usually chosen for a second home by the sea and tourist rentals.
What both cities share. New-build prices are quoted in US dollars, foreigners can buy property, and most developers offer instalments for the construction period. Prices and terms for specific projects should be confirmed with the developer at the time of purchase.

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Sources: Galt & Taggart via Sputnik Georgia, 05.11.2026; Colliers Georgia via International Investment, 20.10.2026; World Travel Awards (Europe Winners 2026); International Investment, 22.10.2026; Ambassadori Island Batumi, 15.07.2026.