Property Prices in Georgia

Index Info
Price to Income Ratio: 12.74
Mortgage as Percentage of Income: 166.14%
Loan Affordability Index: 0.60
Price to Rent Ratio - City Centre: 11.72
Price to Rent Ratio - Outside of Centre: 9.96
Gross Rental Yield (City Centre): 8.54%
Gross Rental Yield (Outside of Centre): 10.04%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 1,644.31 GEL 1,060.00-2,650.00
Apartment (1 bedroom) Outside of Centre 1,174.38 GEL 795.00-1,700.00
Apartment (3 bedrooms) in City Centre 2,991.16 GEL 1,900.00-4,770.00
Apartment (3 bedrooms) Outside of Centre 1,983.16 GEL 1,100.00-3,180.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 392.33 GEL 232.26-650.32
Price per Square Feet to Buy Apartment Outside of Centre 230.39 GEL 139.35-325.16
Salaries And Financing
Average Monthly Net Salary (After Tax) 1,315.19 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.79 7.00-15.00

These data are based on 805 entries in the past 18 months from 138 different contributors.
Last update: March 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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