Property Prices in Iraq

Index Info
Price to Income Ratio: 8.08
Mortgage as Percentage of Income: 91.12%
Loan Affordability Index: 1.10
Price to Rent Ratio - City Centre: 15.60
Price to Rent Ratio - Outside of Centre: 12.64
Gross Rental Yield (City Centre): 6.41%
Gross Rental Yield (Outside of Centre): 7.91%
Rent Per Month
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Apartment (1 bedroom) in City Centre 455,282.04 IQD 250,000.00-800,000.00
Apartment (1 bedroom) Outside of Centre 296,175.22 IQD 150,000.00-458,976.94
Apartment (3 bedrooms) in City Centre 775,206.68 IQD 400,000.00-1,500,000.00
Apartment (3 bedrooms) Outside of Centre 539,676.04 IQD 300,000.00-850,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 140,435.17 IQD 91,371.42-365,485.70
Price per Square Feet to Buy Apartment Outside of Centre 76,290.69 IQD 46,451.13-185,804.53
Salaries And Financing
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Average Monthly Net Salary (After Tax) 721,732.84 IQD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.62 7.00-15.00

These data are based on 591 entries in the past 18 months from 92 different contributors.
Last update: February 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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