Property Prices in Kutaisi, Georgia

Index Info
Price to Income Ratio: 13.36
Mortgage as Percentage of Income: 158.26%
Loan Affordability Index: 0.63
Price to Rent Ratio - City Centre: 9.34
Price to Rent Ratio - Outside of Centre: 14.13
Gross Rental Yield (City Centre): 10.71%
Gross Rental Yield (Outside of Centre): 7.08%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,028.57 GEL 700.0-1,600.0
Apartment (1 bedroom) Outside of Centre 706.25 GEL 500.0-1,150.0
Apartment (3 bedrooms) in City Centre 1,516.67 GEL 1,200.0-2,200.0
Apartment (3 bedrooms) Outside of Centre 1,033.33 GEL 800.0-1,500.0
Buy Apartment Price
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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 185.22 GEL 139.35-225.75
Salaries And Financing
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Average Monthly Net Salary (After Tax) 733.33 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.33 9.0-12.0

These data are based on 56 entries in the past 18 months from 12 different contributors.
Last update: October 2024

Sources and References
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