Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 10.46
Mortgage as Percentage of Income: 298.69%
Loan Affordability Index: 0.33
Price to Rent Ratio - City Centre: 16.80
Price to Rent Ratio - Outside of Centre: 14.10
Gross Rental Yield (City Centre): 5.95%
Gross Rental Yield (Outside of Centre): 7.09%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 17,105.26 TL 12,000.00-22,000.00
Apartment (1 bedroom) Outside of Centre 12,294.12 TL 10,000.00-17,000.00
Apartment (3 bedrooms) in City Centre 25,875.00 TL 20,000.00-35,000.00
Apartment (3 bedrooms) Outside of Centre 18,928.57 TL 15,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,405.44 TL 4,459.31-7,989.59
Price per Square Feet to Buy Apartment Outside of Centre 3,285.26 TL 2,508.36-4,180.60
Salaries And Financing
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Average Monthly Net Salary (After Tax) 22,353.06 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 28.45 18.00-40.00

These data are based on 185 entries in the past 12 months from 32 different contributors.
Last update: April 2024

Sources and References
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3 Comments so far
ozzy on Mar 13, 2022:
For your intrest, we live in a housing estate in Urla. Urla is located out side of city center (distance to city center is 25km). In our housing estate houses have 4 floor and gardens. On average cost of such huge properties are 4-5 million Turkish Liras. If you are looking for much more expensive neighborhoods it is possible that the cost can be doubled.
Toprak on Aug 05, 2020:
Hello guys if anyone is looking to get a house in izmir i can help you, i recently bought a house and know the way around here
afsaneh on Jul 18, 2020:
I decided to buy house Turky Azmir I want 3 bedroom in the nice location , I need to know a price in Canadian $ .than you