Property Prices in Batumi, Ajara, Georgia

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Index Info
Price to Income Ratio: 10.43
Mortgage as Percentage of Income: 139.74%
Loan Affordability Index: 0.72
Price to Rent Ratio - City Centre: 11.52
Price to Rent Ratio - Outside of Centre: 11.58
Gross Rental Yield (City Centre): 8.68%
Gross Rental Yield (Outside of Centre): 8.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,369.96 GEL 1,200.00-1,850.00
Apartment (1 bedroom) Outside of Centre 963.58 GEL 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,557.60 GEL 1,942.50-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,744.26 GEL 1,248.75-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 325.35 GEL 185.80-515.61
Price per Square Feet to Buy Apartment Outside of Centre 226.73 GEL 157.93-306.58
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,424.10 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.22 10.00-15.00

These data are based on 318 entries in the past 18 months from 49 different contributors.
Last update: March 2025

Sources and References
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