Property Prices in Batumi, Ajara, Georgia

Index Info
Price to Income Ratio: 10.33
Mortgage as Percentage of Income: 136.19%
Loan Affordability Index: 0.73
Price to Rent Ratio - City Centre: 10.79
Price to Rent Ratio - Outside of Centre: 10.18
Gross Rental Yield (City Centre): 9.26%
Gross Rental Yield (Outside of Centre): 9.82%
Rent Per Month
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Apartment (1 bedroom) in City Centre 491.45 € 382.85-743.43
Apartment (1 bedroom) Outside of Centre 348.79 € 243.63-511.11
Apartment (3 bedrooms) in City Centre 880.11 € 626.48-1,252.97
Apartment (3 bedrooms) Outside of Centre 634.08 € 382.85-836.36
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 107.28 € 58.20-161.67
Price per Square Feet to Buy Apartment Outside of Centre 72.31 € 42.03-97.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 467.74 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 11.96 11.00-13.00

These data are based on 264 entries in the past 18 months from 47 different contributors.
Last update: May 2024

Sources and References
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