Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.99
Mortgage as Percentage of Income: 146.50%
Loan Affordability Index: 0.68
Price to Rent Ratio - City Centre: 11.17
Price to Rent Ratio - Outside of Centre: 11.01
Gross Rental Yield (City Centre): 8.95%
Gross Rental Yield (Outside of Centre): 9.08%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,465.34 GEL 1,200.00-1,918.00
Apartment (1 bedroom) Outside of Centre 995.28 GEL 800.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,581.12 GEL 1,987.00-3,288.00
Apartment (3 bedrooms) Outside of Centre 1,897.24 GEL 1,475.00-2,466.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 328.58 GEL 167.22-478.45
Price per Square Feet to Buy Apartment Outside of Centre 227.99 GEL 139.35-305.46
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,363.24 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.14 11.00-13.00

These data are based on 300 entries in the past 18 months from 49 different contributors.
Last update: November 2024

Sources and References
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