Property Prices in Kutaisi, Georgia

Index
Price to Income Ratio:	12.13
Mortgage as Percentage of Income:	188.98%
Loan Affordability Index:	0.53
Price to Rent Ratio - City Centre:	15.00
Price to Rent Ratio - Outside of Centre:	17.12
Gross Rental Yield (City Centre):	6.67%
Gross Rental Yield (Outside of Centre):	5.84%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	820.00 GEL	700.00-1,098.00
Apartment (1 bedroom) Outside of Centre	653.92 GEL	600.00-823.50
Apartment (3 bedrooms) in City Centre	1,260.00 GEL	1,000.00-1,509.75
Apartment (3 bedrooms) Outside of Centre	900.00 GEL	800.00-1,372.50
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	232.86 GEL	185.80-280.52
Price per Square Feet to Buy Apartment Outside of Centre	202.85 GEL	139.35-255.02
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	966.67 GEL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	14.75	9.00-25.00

These data are based on 52 entries from 9 contributors over the past 18 months.
Last update: May 2025

Sources and References

Nearby Cities:

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Property Prices in Abasha	28.42 miles
Property Prices in Martvili	33.13 miles
Property Prices in Supsa	52.82 miles
Property Prices in Lentekhi	56.72 miles
Property Prices in Kveda Nasakirali	59.45 miles
Property Prices in Khashuri	62.72 miles
Property Prices in Oni	71.40 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	22,600.00
GDP Growth Rate:	7.83%
Population Growth Rate:	-0.50%