Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.83
Mortgage as Percentage of Income: 144.49%
Loan Affordability Index: 0.69
Price to Rent Ratio - City Centre: 11.05
Price to Rent Ratio - Outside of Centre: 10.9
Gross Rental Yield (City Centre): 9.05%
Gross Rental Yield (Outside of Centre): 9.17%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,444.77 GEL 1,200.0-1,914.5
Apartment (1 bedroom) Outside of Centre 1,009.13 GEL 800.0-1,500.0
Apartment (3 bedrooms) in City Centre 2,558.63 GEL 1,800.0-3,282.0
Apartment (3 bedrooms) Outside of Centre 1,887.38 GEL 1,475.0-2,461.5
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 321.32 GEL 167.22-464.51
Price per Square Feet to Buy Apartment Outside of Centre 226.96 GEL 120.77-304.91
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,362.95 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.16 11.0-13.0

These data are based on 287 entries in the past 18 months from 47 different contributors.
Last update: November 2024

Sources and References
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