Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 10.79
Mortgage as Percentage of Income: 400.35%
Loan Affordability Index: 0.25
Price to Rent Ratio - City Centre: 15.19
Price to Rent Ratio - Outside of Centre: 15.98
Gross Rental Yield (City Centre): 6.58%
Gross Rental Yield (Outside of Centre): 6.26%
Rent Per Month
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Apartment (1 bedroom) in City Centre 16,916.67 TL 10,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 12,192.31 TL 8,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 26,839.29 TL 20,000.00-39,000.00
Apartment (3 bedrooms) Outside of Centre 17,480.77 TL 12,000.00-30,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,929.63 TL 2,322.56-8,825.72
Price per Square Feet to Buy Apartment Outside of Centre 3,588.35 TL 2,787.07-6,967.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 21,240.31 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 37.07 20.00-43.00

These data are based on 138 entries in the past 12 months from 21 different contributors.
Last update: April 2024

Sources and References
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