Property Prices in Turkey

Index Info
Price to Income Ratio: 11.61
Mortgage as Percentage of Income: 395.05%
Loan Affordability Index: 0.25
Price to Rent Ratio - City Centre: 16.38
Price to Rent Ratio - Outside of Centre: 14.29
Gross Rental Yield (City Centre): 6.11%
Gross Rental Yield (Outside of Centre): 7.00%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 17,654.96 TL 10,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 12,517.55 TL 8,000.00-20,859.41
Apartment (3 bedrooms) in City Centre 30,667.80 TL 18,000.00-60,000.00
Apartment (3 bedrooms) Outside of Centre 20,864.55 TL 13,000.00-40,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,769.40 TL 2,914.36-11,148.27
Price per Square Feet to Buy Apartment Outside of Centre 3,505.80 TL 1,858.05-6,967.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 21,501.70 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 33.99 18.00-50.00

These data are based on 2311 entries in the past 18 months from 367 different contributors.
Last update: April 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 18.6 8.1 5.6 12.3 17.8 594.3 0.2
Ankara 10.7 6.3 6.6 15.8 15.2 442.4 0.2
Antalya 14.6 6.4 8.5 15.7 11.7 287.7 0.3
Bursa 10.8 6.6 6.3 15.2 16.0 400.3 0.2
Eskisehir 18.2 2.7 3.3 37.2 30.2 560.3 0.2
Istanbul 16.2 5.2 6.3 19.3 15.9 651.8 0.2
Izmir 10.5 6.0 7.1 16.8 14.1 298.6 0.3
Mersin 8.4 6.3 8.5 15.8 11.8 291.1 0.3
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