Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.77
Mortgage as Percentage of Income: 143.78%
Loan Affordability Index: 0.70
Price to Rent Ratio - City Centre: 12.06
Price to Rent Ratio - Outside of Centre: 11.69
Gross Rental Yield (City Centre): 8.29%
Gross Rental Yield (Outside of Centre): 8.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,366.78 GEL 1,200.00-1,850.00
Apartment (1 bedroom) Outside of Centre 963.50 GEL 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,551.93 GEL 1,784.25-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,745.22 GEL 1,235.25-2,470.50
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 339.75 GEL 195.09-510.03
Price per Square Feet to Buy Apartment Outside of Centre 228.97 GEL 157.93-306.58
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,421.52 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.17 10.00-15.00

These data are based on 308 entries from 47 contributors over the past 18 months.
Last update: April 2025

Sources and References
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