Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 6.66
Mortgage as Percentage of Income: 122.41%
Loan Affordability Index: 0.82
Price to Rent Ratio - City Centre: 15.95
Price to Rent Ratio - Outside of Centre: 16.64
Gross Rental Yield (City Centre): 6.27%
Gross Rental Yield (Outside of Centre): 6.01%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,306.85 TL 1,000.00-1,800.00
Apartment (1 bedroom) Outside of Centre 942.97 TL 750.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,318.33 TL 1,700.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 1,629.63 TL 1,200.00-2,400.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 419.65 TL 325.16-650.32
Price per Square Feet to Buy Apartment Outside of Centre 312.41 TL 232.26-557.41
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,956.41 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.84 11.88-25.00

These data are based on 273 entries in the past 18 months from 41 different contributors.
Last update: February 2021

Sources and References
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