As Galt&Taggart reports, in 3Q24, the number of apartments sold in Bakuriani reached 352 units, up 51.1% y/y. This increase was mainly driven by late registration effect. In 3Q24, small-sized apartments (26-50 m2) accounted for 78.6% of total sales, in line with existing trend.

Moreover, 53.4% of sales were recorded in budget segment (< $1,000). Currently, total of 16 residential projects are available for sale on the primary market in Bakuriani.

In 3Q24, weighted average price of apartments in Bakuriani was up by 5.4% y/y, reaching US$1,035/m2. Total market size of apartments sold in Bakuriani stood at US$ 16.6mn, up by 62.7% y/y.