Property valuation in Batumi and Adjara — an official report to IVS standards

Professional experience and a local representative in Adjara

An objective valuation is impossible without seeing the property. Our valuer in Batumi inspects every object in person: he records its actual condition, checks that the declared parameters match reality, and prepares the detailed photographic material that goes into the report. Batumi sits on the Black Sea coast of Georgia (the country), and this is a market that has to be read on the ground rather than from a desk in another city.

Having a local representative also changes the practical side of the work. Inspection times are fitted around your schedule rather than around a travel timetable, and where one owner holds several objects, all of them can be inspected in a single visit.

• Batumi — all districts and new residential developments.
• Gonio, Kvariati, Sarpi — the southern coastal strip.
• Mtsvane Kontskhi (Green Cape), Chakvi, Kobuleti — the northern coast.
• Inland Adjara — the districts and settlements away from the sea.

What types of property are valued in Batumi

• Apartments — units in buildings still under construction (black frame, green frame or white frame), as well as completed and handed-over apartments and secondary-market flats.
• Houses and cottages — on the coastal strip or inland, valued together with the land plot.
• Land plots — development land for housing or investment, non-agricultural land and agricultural land.
• Commercial premises — offices, retail units, catering space, warehousing and industrial premises.
• Hotels and aparthotels — a single room or apartment, or an entire complex.

Specific factors that affect property prices in Batumi

Resort property does not behave like ordinary city housing, and a report that ignores the difference misses the substance of the asset. In Batumi four factors deserve to be spelled out.

• View and floor. Within a single building, two otherwise identical units can differ enormously in value depending on whether the windows face the sea, the mountains or the city, and on how high they sit. The report records the situation as it actually exists at the moment of valuation.
• Seasonality. Much of the property in Batumi is bought as an investment and let to visitors. Where the income approach applies, the calculation takes the full annual dynamic into account, not the summer peak alone.
• Under construction or handed over. A unit that has not yet been handed over is not the same asset as a registered apartment: the legal status, the risks and the investment still required to complete it are all different.
• Renovation and equipment. On the coastal market, a quality renovation together with furniture and appliances raises market value far more sharply than it does in the standard residential segment, because it changes how the property can be used from day one.

When a valuation is needed in Batumi

• 1. Purchase or sale. An objective market value before negotiations begin — particularly where the property is being bought remotely.
• 2. Mortgage and bank collateral. Property offered as security requires an independent confirmation of its value.
• 3. Residence permit. An application based on real-estate investment is accompanied by a market-value report — see valuation for a residence permit.
• 4. Insurance. Setting the sum insured, and settling a claim after damage.
• 5. Inheritance and property disputes. One neutral figure that every party can rely on.
• 6. Tax purposes. Declaring property and dealing with the obligations arising from a transaction.

The report in three languages

Batumi is an international market, and it is entirely normal for the parties to a single transaction to be citizens of different countries. The report is issued in Georgian, English or Russian, which removes the cost of a separate translation and of having it notarised. The same conclusion works for the state bodies here in Georgia and for a bank or a law firm abroad.

The valuation process

• 1. Contact and consultation. You tell us the type of object, where it is and what the valuation is for. At the same time we establish which documents are already available — the Public Registry extract, the floor plan, the purchase agreement.
• 2. On-site inspection. Our local representative in Batumi visits the property at a time agreed with you and makes a full photographic record of it.
• 3. Market analysis. Comparable properties are selected from the Adjara market and adjusted for location, view, area and condition, following IVS standards.
• 4. Delivery of the report. You receive a signed official conclusion containing the full calculations and the valuer's certificate number.

Standard residential property takes 3–7 working days; business valuations and complex objects take 7–14 working days. How the fee is put together is explained on the pricing page.

Certificates and international standards

• A-1575 — real estate valuation certificate.
• P-1141 — movable property valuation certificate.
• REV-UA/USOA/2025/2 — Recognised European Valuer (REV), TEGoVA — European professional recognition.
• IVS — International Valuation Standards, the framework every report is written to.

The numbers are published here precisely so that you can check them before commissioning anything; who is entitled to sign a valuation at all is explained in the article who can legally value property in Georgia. The full service description sits on the real estate valuation and business valuation pages.