Property Prices in Georgia

Index Info
Price to Income Ratio: 12.63
Mortgage as Percentage of Income: 167.73%
Loan Affordability Index: 0.60
Price to Rent Ratio - City Centre: 13.08
Price to Rent Ratio - Outside of Centre: 12.26
Gross Rental Yield (City Centre): 7.65%
Gross Rental Yield (Outside of Centre): 8.15%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,512.16 GEL 1,000.00-2,485.58
Apartment (1 bedroom) Outside of Centre 1,038.90 GEL 685.00-1,507.00
Apartment (3 bedrooms) in City Centre 2,851.32 GEL 1,700.00-4,932.00
Apartment (3 bedrooms) Outside of Centre 1,774.40 GEL 1,200.00-2,740.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 409.49 GEL 232.26-650.32
Price per Square Feet to Buy Apartment Outside of Centre 252.29 GEL 167.22-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,409.91 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.08 8.00-16.00

These data are based on 811 entries from 122 contributors over the past 18 months.
Last update: April 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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