Property Prices in Kutaisi, Georgia

Index
Price to Income Ratio:	12.89
Mortgage as Percentage of Income:	152.76%
Loan Affordability Index:	0.65
Price to Rent Ratio - City Centre:	9.40
Price to Rent Ratio - Outside of Centre:	14.31
Gross Rental Yield (City Centre):	10.64%
Gross Rental Yield (Outside of Centre):	6.99%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	1,025.00 GEL	700.00-1,600.00
Apartment (1 bedroom) Outside of Centre	694.44 GEL	500.00-1,150.00
Apartment (3 bedrooms) in City Centre	1,500.00 GEL	1,200.00-2,200.00
Apartment (3 bedrooms) Outside of Centre	1,028.57 GEL	800.00-1,500.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	178.84 GEL	125.42-232.26
Price per Square Feet to Buy Apartment Outside of Centre	185.34 GEL	139.35-225.75
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	760.00 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	10.33	9.00-12.00

These data are based on 59 entries in the past 18 months from 13 different contributors.
Last update: November 2024

Sources and References

Nearby cities:

Property Prices in Bagdati	14.43 miles
Property Prices in Khoni	17.09 miles
Property Prices in Samtredia	20.61 miles
Property Prices in Abasha	28.42 miles
Property Prices in Martvili	33.13 miles
Property Prices in Supsa	52.82 miles
Property Prices in Lentekhi	56.72 miles
Property Prices in Kveda Nasakirali	59.45 miles
Property Prices in Khashuri	62.72 miles
Property Prices in Oni	71.40 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	17,100.00
GDP Growth Rate:	10.39%
Population Growth Rate:	-0.57%