Proprietary index
Batumi Seafront Index — RUSTAVELI PROPERTIES
Proprietary index tracking the price per m² of new-build inventory on Batumi's seafront (Boulevard, New Boulevard, Gonio seafront).
Latest value · 2025 Q3
183
Change since 2020 Q1
+83.0%
Cadence
Quarterly
2020 Q1 = 100
History
Formula
Weighted average of median new-build price per m² across seafront zones, weighted by annual delivery volume. Base 100 in Q1 2020.
Components
Batumi Boulevard
40%
$2,850/m²
Colliers 2025
New Boulevard
35%
$2,250/m²
TBC Capital 2025
Gonio seafront
25%
$1,650/m²
Colliers 2025
Interpretation
The index has nearly doubled in 5 years, driven by scarce seafront land and tourism demand. A slowdown is expected as the 2025-2027 pipeline delivers.
RUSTAVELI PROPERTIES
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