Property Prices in Kutaisi, Georgia

Index Info
Price to Income Ratio: 13.70
Mortgage as Percentage of Income: 213.51%
Loan Affordability Index: 0.47
Price to Rent Ratio - City Centre: 15.08
Price to Rent Ratio - Outside of Centre: 17.72
Gross Rental Yield (City Centre): 6.63%
Gross Rental Yield (Outside of Centre): 5.64%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 800.00 GEL 700.00-1,000.00
Apartment (1 bedroom) Outside of Centre 616.56 GEL 500.00-832.50
Apartment (3 bedrooms) in City Centre 1,300.00 GEL 1,000.00-1,500.00
Apartment (3 bedrooms) Outside of Centre 916.67 GEL 800.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 233.88 GEL 185.80-283.58
Price per Square Feet to Buy Apartment Outside of Centre 204.07 GEL 139.35-257.80
Salaries And Financing
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Average Monthly Net Salary (After Tax) 860.00 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.75 9.00-25.00

These data are based on 59 entries in the past 18 months from 11 different contributors.
Last update: March 2025

Sources and References
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