Property Prices in Istanbul, Turkey

Index Info
Price to Income Ratio: 11.14
Mortgage as Percentage of Income: 168.92%
Loan Affordability Index: 0.59
Price to Rent Ratio - City Centre: 19.71
Price to Rent Ratio - Outside of Centre: 15.70
Gross Rental Yield (City Centre): 5.07%
Gross Rental Yield (Outside of Centre): 6.37%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,405.19 TL 1,800.00-3,500.00
Apartment (1 bedroom) Outside of Centre 1,394.42 TL 1,000.00-2,000.00
Apartment (3 bedrooms) in City Centre 4,343.03 TL 3,000.00-6,700.00
Apartment (3 bedrooms) Outside of Centre 2,509.91 TL 1,850.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 962.28 TL 650.32-1,393.53
Price per Square Feet to Buy Apartment Outside of Centre 443.66 TL 278.71-743.22
Salaries And Financing
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Average Monthly Net Salary (After Tax) 3,395.72 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 14.27 10.00-20.00

These data are based on 1243 entries in the past 12 months from 188 different contributors.
Last update: January 2021

Sources and References
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2 Comments so far
Anonymous on Nov 18, 2020:
Want to buy or rent long term basis apartment in out side city center at Istanbul.
Mansurul huda on Oct 13, 2019:
Want to buy or rent long term basis apartment in out side city center at Istanbul.