Property Prices in Batumi, Ajara, Georgia

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Index Info
Price to Income Ratio: 10.76
Mortgage as Percentage of Income: 143.65%
Loan Affordability Index: 0.70
Price to Rent Ratio - City Centre: 12.05
Price to Rent Ratio - Outside of Centre: 11.69
Gross Rental Yield (City Centre): 8.30%
Gross Rental Yield (Outside of Centre): 8.55%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,365.97 GEL 1,200.00-1,850.00
Apartment (1 bedroom) Outside of Centre 962.99 GEL 800.00-1,200.00
Apartment (3 bedrooms) in City Centre 2,550.50 GEL 1,781.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,744.06 GEL 1,233.00-2,466.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 339.27 GEL 195.09-509.10
Price per Square Feet to Buy Apartment Outside of Centre 228.86 GEL 157.93-306.58
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,421.31 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.17 10.00-15.00

These data are based on 308 entries from 47 contributors over the past 18 months.
Last update: April 2025

Sources and References
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