Property Prices in Georgia

Index Info
Price to Income Ratio: 12.42
Mortgage as Percentage of Income: 164.64%
Loan Affordability Index: 0.61
Price to Rent Ratio - City Centre: 12.71
Price to Rent Ratio - Outside of Centre: 11.93
Gross Rental Yield (City Centre): 7.87%
Gross Rental Yield (Outside of Centre): 8.38%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,521.05 GEL 1,000.00-2,497.50
Apartment (1 bedroom) Outside of Centre 1,050.16 GEL 700.00-1,526.25
Apartment (3 bedrooms) in City Centre 2,863.81 GEL 1,700.00-4,995.00
Apartment (3 bedrooms) Outside of Centre 1,777.88 GEL 1,200.00-2,775.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 399.85 GEL 232.26-650.32
Price per Square Feet to Buy Apartment Outside of Centre 247.18 GEL 167.22-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,402.27 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.06 8.00-16.00

These data are based on 812 entries in the past 18 months from 122 different contributors.
Last update: March 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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