Property Prices in Georgia

Index Info
Price to Income Ratio: 12.39
Mortgage as Percentage of Income: 158.38%
Loan Affordability Index: 0.63
Price to Rent Ratio - City Centre: 12.01
Price to Rent Ratio - Outside of Centre: 11.15
Gross Rental Yield (City Centre): 8.32%
Gross Rental Yield (Outside of Centre): 8.97%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,615.00 GEL 1,200.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,084.90 GEL 800.00-1,644.00
Apartment (3 bedrooms) in City Centre 2,822.92 GEL 1,781.00-4,500.00
Apartment (3 bedrooms) Outside of Centre 1,860.75 GEL 1,100.00-2,740.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 388.12 GEL 216.74-650.32
Price per Square Feet to Buy Apartment Outside of Centre 239.92 GEL 139.35-334.45
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,363.93 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.48 7.00-15.00

These data are based on 815 entries in the past 18 months from 145 different contributors.
Last update: November 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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