Property Prices in Turkey

Index Info
Price to Income Ratio: 12.43
Mortgage as Percentage of Income: 266.31%
Loan Affordability Index: 0.38
Price to Rent Ratio - City Centre: 17.50
Price to Rent Ratio - Outside of Centre: 17.00
Gross Rental Yield (City Centre): 5.71%
Gross Rental Yield (Outside of Centre): 5.88%
Rent Per Month
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Apartment (1 bedroom) in City Centre 5,816.64 TL 2,500.00-15,000.00
Apartment (1 bedroom) Outside of Centre 3,494.32 TL 1,500.00-9,000.00
Apartment (3 bedrooms) in City Centre 10,048.49 TL 4,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 6,691.70 TL 3,000.00-15,225.20
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,025.77 TL 929.02-4,923.31
Price per Square Feet to Buy Apartment Outside of Centre 1,238.85 TL 585.28-2,787.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 7,070.35 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 21.11 14.00-30.00

These data are based on 4945 entries in the past 18 months from 799 different contributors.
Last update: January 2023
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
Adana 13.3 3.2 3.1 31.6 31.8 206.4 0.5
Ankara 8.4 7.7 7.0 13.0 14.3 180.1 0.6
Antalya 13.5 8.6 12.5 11.7 8.0 262.1 0.4
Bursa 11.1 5.3 5.0 19.0 19.9 231.4 0.4
Denizli 9.7 5.2 4.5 19.4 22.1 239.1 0.4
Eskisehir 14.6 2.8 3.4 36.0 29.3 306.4 0.3
Istanbul 18.5 5.4 6.5 18.4 15.4 448.2 0.2
Izmir 12.4 5.6 6.1 17.9 16.5 255.2 0.4
Kayseri 10.8 4.3 4.3 23.2 23.4 253.8 0.4
Kocaeli 9.6 4.3 5.4 23.1 18.6 199.5 0.5
Konya 6.4 6.3 6.5 16.0 15.4 131.6 0.8
Mersin 13.3 5.2 4.8 19.3 21.0 261.0 0.4
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