Property Prices in Iraq

Index Info
Price to Income Ratio: 10.36
Mortgage as Percentage of Income: 93.29%
Loan Affordability Index: 1.07
Price to Rent Ratio - City Centre: 22.90
Price to Rent Ratio - Outside of Centre: 16.84
Gross Rental Yield (City Centre): 4.37%
Gross Rental Yield (Outside of Centre): 5.94%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 414,008.63 IQD 200,000.00-900,000.00
1 Bedroom Apartment Outside of City Centre 270,508.14 IQD 150,000.00-500,000.00
3 Bedroom Apartment in City Centre 734,472.68 IQD 392,916.04-1,500,000.00
3 Bedroom Apartment Outside of City Centre 523,590.42 IQD 300,000.00-916,804.08
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 190,913.85 IQD 92,902.27-620,547.44
Price per Square Feet to Buy Apartment Outside of Centre 95,461.56 IQD 60,837.98-232,255.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 744,200.30 IQD
Annual Mortgage Interest Rate (20-Year Fixed, in %) 6.59 1.30-10.00

These data are based on 543 entries from 82 contributors over the past 18 months.
Last update: 3 February 2026
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Iraq

Rank
City
Price To Income Ratio
Gross Rental Yield City Centre
Gross Rental Yield Outside of Centre
Price To Rent Ratio City Centre
Price To Rent Ratio Outside Of City Centre
Mortgage As A Percentage Of Income
Affordability Index
Baghdad 21.5 2.8 5.0 35.7 19.8 151.4 0.7
Erbil (Irbil) 8.3 8.4 8.7 11.9 11.5 62.7 1.6
Sulaymaniyah (Sulaimanyia) 5.7 6.7 7.0 14.8 14.2 45.7 2.2
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