Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 6.63
Mortgage as Percentage of Income: 128.18%
Loan Affordability Index: 0.78
Price to Rent Ratio - City Centre: 16.20
Price to Rent Ratio - Outside of Centre: 16.73
Gross Rental Yield (City Centre): 6.17%
Gross Rental Yield (Outside of Centre): 5.98%
Rent Per Month
[ Edit ] Range
Apartment (1 bedroom) in City Centre 1,236.91 TL 1,000.00-1,500.00
Apartment (1 bedroom) Outside of Centre 882.35 TL 700.00-1,100.00
Apartment (3 bedrooms) in City Centre 2,294.10 TL 1,700.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,534.89 TL 1,200.00-2,400.00
Buy Apartment Price
[ Edit ]
Price per Square Feet to Buy Apartment in City Centre 411.68 TL 325.16-613.15
Price per Square Feet to Buy Apartment Outside of Centre 294.63 TL 232.26-474.68
Salaries And Financing
[ Edit ]
Average Monthly Net Salary (After Tax) 2,865.92 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 18.87 11.88-30.00

These data are based on 232 entries in the past 18 months from 34 different contributors.
Last update: November 2020

Sources and References
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