Property Prices in Turkey

Index Info
Price to Income Ratio: 9.94
Mortgage as Percentage of Income: 421.51%
Loan Affordability Index: 0.24
Price to Rent Ratio - City Centre: 14.71
Price to Rent Ratio - Outside of Centre: 12.55
Gross Rental Yield (City Centre): 6.80%
Gross Rental Yield (Outside of Centre): 7.97%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 25,189.00 TL 15,000.00-45,000.00
Apartment (1 bedroom) Outside of Centre 17,877.78 TL 11,000.00-30,000.00
Apartment (3 bedrooms) in City Centre 45,688.59 TL 27,577.34-81,000.00
Apartment (3 bedrooms) Outside of Centre 28,555.52 TL 20,000.00-50,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 7,535.47 TL 4,645.11-13,935.34
Price per Square Feet to Buy Apartment Outside of Centre 4,316.41 TL 2,787.07-7,664.44
Salaries And Financing
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Average Monthly Net Salary (After Tax) 32,077.09 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 42.38 24.00-59.88

These data are based on 1405 entries from 247 contributors over the past 18 months.
Last update: 17 June 2025
Our data for each country are based on all entries from all cities in that country.

Sources and References

By City in Turkey

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
Ankara 9.8 8.1 8.4 12.4 11.9 474.7 0.2
Antalya 13.3 4.8 4.8 20.6 20.7 401.9 0.2
Bursa 6.7 6.1 6.5 16.5 15.3 285.1 0.4
Istanbul 11.7 7.0 9.3 14.3 10.8 568.0 0.2
Izmir 10.6 8.4 7.0 11.9 14.3 415.0 0.2
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