Property Prices in Turkey

Index Info
Price to Income Ratio: 12.97
Mortgage as Percentage of Income: 297.10%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 15.73
Price to Rent Ratio - Outside of Centre: 14.60
Gross Rental Yield (City Centre): 6.36%
Gross Rental Yield (Outside of Centre): 6.85%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 513.25 $ 294.21-919.40
Apartment (1 bedroom) Outside of Centre 349.72 $ 183.88-661.97
Apartment (3 bedrooms) in City Centre 893.26 $ 551.64-1,838.80
Apartment (3 bedrooms) Outside of Centre 581.28 $ 367.76-1,103.28
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 161.24 $ 85.41-341.66
Price per Square Feet to Buy Apartment Outside of Centre 99.89 $ 51.10-222.08
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 541.88 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 22.65 14.40-35.00

These data are based on 2096 entries in the past 18 months from 421 different contributors.
Last update: September 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
Alanya 23.0 8.0 6.1 12.6 16.5 424.1 0.2
Ankara 10.6 6.4 7.3 15.6 13.7 243.7 0.4
Antalya 12.9 9.1 11.5 11.0 8.7 256.5 0.4
Bursa 4.9 12.3 10.2 8.1 9.8 130.8 0.8
Istanbul 18.5 5.5 6.0 18.1 16.8 489.0 0.2
Izmir 11.5 6.6 6.8 15.1 14.8 259.8 0.4
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