Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.51
Mortgage as Percentage of Income: 140.95%
Loan Affordability Index: 0.71
Price to Rent Ratio - City Centre: 11.15
Price to Rent Ratio - Outside of Centre: 11.16
Gross Rental Yield (City Centre): 8.97%
Gross Rental Yield (Outside of Centre): 8.96%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,404.79 GEL 1,200.00-1,988.00
Apartment (1 bedroom) Outside of Centre 984.24 GEL 800.00-1,363.20
Apartment (3 bedrooms) in City Centre 2,574.09 GEL 1,846.00-4,260.00
Apartment (3 bedrooms) Outside of Centre 1,831.16 GEL 1,200.00-2,556.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 320.00 GEL 176.51-478.45
Price per Square Feet to Buy Apartment Outside of Centre 225.98 GEL 139.35-316.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 1,397.54 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 12.23 9.00-15.00

These data are based on 387 entries in the past 18 months from 65 different contributors.
Last update: February 2025

Sources and References
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