Property Prices in Georgia

Index Info
Price to Income Ratio: 12.60
Mortgage as Percentage of Income: 163.87%
Loan Affordability Index: 0.61
Price to Rent Ratio - City Centre: 11.46
Price to Rent Ratio - Outside of Centre: 10.13
Gross Rental Yield (City Centre): 8.73%
Gross Rental Yield (Outside of Centre): 9.87%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,618.95 GEL 1,072.00-2,680.00
Apartment (1 bedroom) Outside of Centre 1,135.64 GEL 800.00-1,722.04
Apartment (3 bedrooms) in City Centre 3,086.32 GEL 2,000.00-5,360.00
Apartment (3 bedrooms) Outside of Centre 1,939.77 GEL 1,100.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 386.06 GEL 232.26-650.32
Price per Square Feet to Buy Apartment Outside of Centre 227.94 GEL 139.35-325.16
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,311.33 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.75 7.00-15.00

These data are based on 820 entries in the past 18 months from 141 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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