Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 7.29
Mortgage as Percentage of Income: 119.98%
Loan Affordability Index: 0.83
Price to Rent Ratio - City Centre: 22.88
Price to Rent Ratio - Outside of Centre: 28.51
Gross Rental Yield (City Centre): 4.37%
Gross Rental Yield (Outside of Centre): 3.51%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 1,624.35 TL 1,200.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,084.57 TL 800.00-1,500.00
Apartment (3 bedrooms) in City Centre 2,629.78 TL 2,019.12-7,000.00
Apartment (3 bedrooms) Outside of Centre 1,700.00 TL 1,500.00-2,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 719.28 TL 518.84-1,081.58
Price per Square Feet to Buy Apartment Outside of Centre 590.29 TL 371.61-886.82
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,833.33 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 15.73 11.88-20.28

These data are based on 58 entries in the past 18 months from 26 different contributors.
Last update: June 2021

Sources and References
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