Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.86
Mortgage as Percentage of Income: 144.22%
Loan Affordability Index: 0.69
Price to Rent Ratio - City Centre: 11.09
Price to Rent Ratio - Outside of Centre: 10.98
Gross Rental Yield (City Centre): 9.02%
Gross Rental Yield (Outside of Centre): 9.10%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,417.80 GEL 1,200.00-1,890.00
Apartment (1 bedroom) Outside of Centre 977.12 GEL 700.00-1,485.00
Apartment (3 bedrooms) in City Centre 2,497.85 GEL 1,800.00-3,240.00
Apartment (3 bedrooms) Outside of Centre 1,815.36 GEL 1,100.00-2,430.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 315.55 GEL 167.22-478.45
Price per Square Feet to Buy Apartment Outside of Centre 220.70 GEL 120.77-278.71
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,328.57 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.08 11.00-15.00

These data are based on 264 entries in the past 18 months from 42 different contributors.
Last update: July 2024

Sources and References
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