Property Prices in Iraq

Index Info
Price to Income Ratio: 8.14
Mortgage as Percentage of Income: 92.70%
Loan Affordability Index: 1.08
Price to Rent Ratio - City Centre: 15.88
Price to Rent Ratio - Outside of Centre: 12.78
Gross Rental Yield (City Centre): 6.30%
Gross Rental Yield (Outside of Centre): 7.82%
Rent Per Month
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Apartment (1 bedroom) in City Centre 443,651.92 IQD 250,000.00-853,629.60
Apartment (1 bedroom) Outside of Centre 291,567.58 IQD 150,000.00-459,646.71
Apartment (3 bedrooms) in City Centre 765,511.06 IQD 400,000.00-1,444,603.95
Apartment (3 bedrooms) Outside of Centre 523,805.70 IQD 300,000.00-800,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 140,113.68 IQD 85,404.44-325,157.93
Price per Square Feet to Buy Apartment Outside of Centre 75,492.24 IQD 42,702.22-183,009.52
Salaries And Financing
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Average Monthly Net Salary (After Tax) 712,433.02 IQD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.75 5.00-18.00

These data are based on 563 entries in the past 18 months from 87 different contributors.
Last update: April 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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