Property Prices in Turkey

Index Info
Price to Income Ratio: 11.84
Mortgage as Percentage of Income: 379.26%
Loan Affordability Index: 0.26
Price to Rent Ratio - City Centre: 16.08
Price to Rent Ratio - Outside of Centre: 14.21
Gross Rental Yield (City Centre): 6.22%
Gross Rental Yield (Outside of Centre): 7.04%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 16,798.74 TL 10,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 11,598.00 TL 7,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 28,725.00 TL 18,000.00-50,000.00
Apartment (3 bedrooms) Outside of Centre 19,623.10 TL 12,000.00-35,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,353.12 TL 2,807.36-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre 3,249.46 TL 1,858.05-6,967.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 19,549.01 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 31.97 18.00-48.00

These data are based on 2222 entries in the past 18 months from 352 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

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
Alanya 19.4 7.8 5.9 12.8 16.9 358.0 0.3
Ankara 9.8 7.0 7.0 14.4 14.3 369.6 0.3
Antalya 17.1 6.0 8.2 16.6 12.2 335.8 0.3
Bursa 10.5 6.7 6.3 15.0 15.9 391.3 0.3
Eskisehir 13.6 3.7 4.2 27.2 24.0 393.6 0.3
Istanbul 15.1 5.7 6.4 17.6 15.7 571.0 0.2
Izmir 10.7 7.3 8.0 13.8 12.5 286.2 0.3
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