Property Prices in Balikesir, Turkey

Index Info
Price to Income Ratio: 6.84
Mortgage as Percentage of Income: 135.87%
Loan Affordability Index: 0.74
Price to Rent Ratio - City Centre: 15.72
Price to Rent Ratio - Outside of Centre: 19.55
Gross Rental Yield (City Centre): 6.36%
Gross Rental Yield (Outside of Centre): 5.12%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,352.03 TL 1,000.00-2,008.10
Apartment (1 bedroom) Outside of Centre 1,085.36 TL 750.00-1,506.08
Apartment (3 bedrooms) in City Centre 2,128.04 TL 1,500.00-3,012.16
Apartment (3 bedrooms) Outside of Centre 1,402.70 TL 1,000.00-2,008.10
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 406.45 TL 325.16-1,119.34
Price per Square Feet to Buy Apartment Outside of Centre 375.46 TL 232.26-559.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,077.02 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 19.45 12.00-25.80

These data are based on 36 entries in the past 18 months from 6 different contributors.
Last update: February 2021

Sources and References
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