Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 11.39
Mortgage as Percentage of Income: 153.23%
Loan Affordability Index: 0.65
Price to Rent Ratio - City Centre: 11.35
Price to Rent Ratio - Outside of Centre: 11.07
Gross Rental Yield (City Centre): 8.81%
Gross Rental Yield (Outside of Centre): 9.03%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,500.69 GEL 1,200.00-1,965.25
Apartment (1 bedroom) Outside of Centre 1,023.10 GEL 800.00-1,403.75
Apartment (3 bedrooms) in City Centre 2,620.19 GEL 1,987.00-3,600.00
Apartment (3 bedrooms) Outside of Centre 1,884.41 GEL 1,475.00-2,526.75
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 340.50 GEL 167.22-521.65
Price per Square Feet to Buy Apartment Outside of Centre 232.05 GEL 139.35-312.99
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,352.81 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.29 11.00-15.00

These data are based on 308 entries in the past 18 months from 51 different contributors.
Last update: December 2024

Sources and References
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