Property Prices in Georgia

Index Info
Price to Income Ratio: 13.69
Mortgage as Percentage of Income: 178.65%
Loan Affordability Index: 0.56
Price to Rent Ratio - City Centre: 10.17
Price to Rent Ratio - Outside of Centre: 8.68
Gross Rental Yield (City Centre): 9.83%
Gross Rental Yield (Outside of Centre): 11.52%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,007.72 GEL 1,284.25-3,082.19
Apartment (1 bedroom) Outside of Centre 1,402.09 GEL 800.00-2,054.80
Apartment (3 bedrooms) in City Centre 3,382.13 GEL 2,000.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 2,251.92 GEL 1,284.25-3,852.74
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 402.12 GEL 238.62-603.86
Price per Square Feet to Buy Apartment Outside of Centre 234.75 GEL 148.64-325.16
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,251.64 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.80 8.00-15.00

These data are based on 867 entries in the past 18 months from 157 different contributors.
Last update: March 2023
Our data for each country are based on all entries from all cities in that country.

Sources and References
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