Property Prices in Iraq

Index Info
Price to Income Ratio: 8.20
Mortgage as Percentage of Income: 94.34%
Loan Affordability Index: 1.06
Price to Rent Ratio - City Centre: 16.38
Price to Rent Ratio - Outside of Centre: 12.65
Gross Rental Yield (City Centre): 6.11%
Gross Rental Yield (Outside of Centre): 7.90%
Rent Per Month
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Apartment (1 bedroom) in City Centre 431,960.68 IQD 250,000.00-800,000.00
Apartment (1 bedroom) Outside of Centre 272,153.34 IQD 150,000.00-458,181.57
Apartment (3 bedrooms) in City Centre 749,222.24 IQD 400,000.00-1,439,999.22
Apartment (3 bedrooms) Outside of Centre 497,479.20 IQD 261,818.04-800,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 141,026.39 IQD 87,564.56-364,852.34
Price per Square Feet to Buy Apartment Outside of Centre 70,296.03 IQD 39,018.95-182,426.17
Salaries And Financing
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Average Monthly Net Salary (After Tax) 693,270.17 IQD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.90 5.00-18.00

These data are based on 498 entries in the past 18 months from 77 different contributors.
Last update: July 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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