Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.22
Mortgage as Percentage of Income: 134.70%
Loan Affordability Index: 0.74
Price to Rent Ratio - City Centre: 10.84
Price to Rent Ratio - Outside of Centre: 9.95
Gross Rental Yield (City Centre): 9.23%
Gross Rental Yield (Outside of Centre): 10.06%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,412.54 GEL 1,100.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,006.76 GEL 700.00-1,465.75
Apartment (3 bedrooms) in City Centre 2,464.19 GEL 1,732.25-3,300.00
Apartment (3 bedrooms) Outside of Centre 1,836.53 GEL 1,100.00-2,500.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 306.03 GEL 167.22-464.51
Price per Square Feet to Buy Apartment Outside of Centre 204.17 GEL 120.77-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,343.55 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.96 11.00-13.00

These data are based on 279 entries in the past 18 months from 53 different contributors.
Last update: April 2024

Sources and References
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