Property Prices in Balikesir, Turkey

Index Info
Price to Income Ratio: 8.32
Mortgage as Percentage of Income: 312.15%
Loan Affordability Index: 0.32
Price to Rent Ratio - City Centre: 15.09
Price to Rent Ratio - Outside of Centre: 15.17
Gross Rental Yield (City Centre): 6.63%
Gross Rental Yield (Outside of Centre): 6.59%

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Rent Per Month
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1 Bedroom Apartment in City Centre 16,666.67 TL 15,000.00-20,000.00
1 Bedroom Apartment Outside of City Centre 10,000.00 TL 10,000.00-10,000.00
3 Bedroom Apartment in City Centre 35,000.00 TL 30,000.00-40,000.00
3 Bedroom Apartment Outside of City Centre 23,333.33 TL 20,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,481.23 TL 4,645.11-6,038.65
Price per Square Feet to Buy Apartment Outside of Centre 3,483.84 TL 2,787.07-4,180.60
Salaries And Financing
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Average Monthly Net Salary (After Tax) 29,000.00 TL
Annual Mortgage Interest Rate (20-Year Fixed, in %) 37.50 30.00-45.00

These data are based on 23 entries from 4 contributors over the past 12 months.
Last update: 7 August 2025

Sources and References
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