Property Prices in Georgia

Index Info
Price to Income Ratio: 12.36
Mortgage as Percentage of Income: 161.92%
Loan Affordability Index: 0.62
Price to Rent Ratio - City Centre: 12.20
Price to Rent Ratio - Outside of Centre: 11.27
Gross Rental Yield (City Centre): 8.19%
Gross Rental Yield (Outside of Centre): 8.87%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,569.14 GEL 1,000.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,088.23 GEL 700.00-1,704.00
Apartment (3 bedrooms) in City Centre 2,867.56 GEL 1,800.00-4,800.00
Apartment (3 bedrooms) Outside of Centre 1,856.92 GEL 1,100.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 390.86 GEL 232.26-650.32
Price per Square Feet to Buy Apartment Outside of Centre 242.80 GEL 139.35-343.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,379.75 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.87 8.00-15.00

These data are based on 857 entries in the past 18 months from 142 different contributors.
Last update: January 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References
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