Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 9.18
Mortgage as Percentage of Income: 369.21%
Loan Affordability Index: 0.27
Price to Rent Ratio - City Centre: 15.24
Price to Rent Ratio - Outside of Centre: 16.39
Gross Rental Yield (City Centre): 6.56%
Gross Rental Yield (Outside of Centre): 6.10%
Rent Per Month
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Apartment (1 bedroom) in City Centre 15,800.00 TL 10,000.00-33,000.00
Apartment (1 bedroom) Outside of Centre 11,400.00 TL 8,000.00-26,000.00
Apartment (3 bedrooms) in City Centre 25,909.09 TL 20,000.00-40,000.00
Apartment (3 bedrooms) Outside of Centre 19,111.11 TL 15,000.00-30,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 4,683.82 TL 2,322.56-8,825.72
Price per Square Feet to Buy Apartment Outside of Centre 3,669.64 TL 2,787.07-6,967.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 24,500.00 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 40.23 24.00-49.00

These data are based on 98 entries in the past 12 months from 16 different contributors.
Last update: July 2024

Sources and References
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