Property Prices in Georgia

Index Info
Price to Income Ratio: 12.16
Mortgage as Percentage of Income: 158.21%
Loan Affordability Index: 0.63
Price to Rent Ratio - City Centre: 11.40
Price to Rent Ratio - Outside of Centre: 10.32
Gross Rental Yield (City Centre): 8.77%
Gross Rental Yield (Outside of Centre): 9.69%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,606.48 GEL 1,000.00-2,765.00
Apartment (1 bedroom) Outside of Centre 1,132.18 GEL 800.00-1,659.00
Apartment (3 bedrooms) in City Centre 3,183.78 GEL 2,200.00-5,530.00
Apartment (3 bedrooms) Outside of Centre 1,960.36 GEL 1,200.00-3,009.67
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 387.98 GEL 232.26-650.32
Price per Square Feet to Buy Apartment Outside of Centre 232.85 GEL 139.35-325.16
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,373.35 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.75 7.00-15.00

These data are based on 802 entries in the past 18 months from 132 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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