Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.24
Mortgage as Percentage of Income: 134.93%
Loan Affordability Index: 0.74
Price to Rent Ratio - City Centre: 10.76
Price to Rent Ratio - Outside of Centre: 9.93
Gross Rental Yield (City Centre): 9.29%
Gross Rental Yield (Outside of Centre): 10.07%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,426.86 GEL 1,100.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,008.65 GEL 700.00-1,474.00
Apartment (3 bedrooms) in City Centre 2,487.77 GEL 1,742.00-3,300.00
Apartment (3 bedrooms) Outside of Centre 1,846.88 GEL 1,100.00-2,412.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 306.78 GEL 167.22-464.51
Price per Square Feet to Buy Apartment Outside of Centre 204.70 GEL 120.77-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,344.60 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.96 11.00-13.00

These data are based on 283 entries in the past 18 months from 54 different contributors.
Last update: April 2024

Sources and References
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