Property Prices in Georgia

Index Info
Price to Income Ratio: 13.34
Mortgage as Percentage of Income: 172.87%
Loan Affordability Index: 0.58
Price to Rent Ratio - City Centre: 11.93
Price to Rent Ratio - Outside of Centre: 10.98
Gross Rental Yield (City Centre): 8.39%
Gross Rental Yield (Outside of Centre): 9.10%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,633.70 GEL 1,200.00-2,715.00
Apartment (1 bedroom) Outside of Centre 1,064.90 GEL 750.00-1,650.00
Apartment (3 bedrooms) in City Centre 2,979.89 GEL 2,000.00-4,887.00
Apartment (3 bedrooms) Outside of Centre 1,895.09 GEL 1,200.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 397.29 GEL 232.26-650.32
Price per Square Feet to Buy Apartment Outside of Centre 235.90 GEL 139.35-334.36
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,277.67 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.70 7.00-15.00

These data are based on 780 entries in the past 18 months from 126 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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