Property Prices in Istanbul, Turkey

Index Info
Price to Income Ratio: 12.20
Mortgage as Percentage of Income: 217.52%
Loan Affordability Index: 0.46
Price to Rent Ratio - City Centre: 16.50
Price to Rent Ratio - Outside of Centre: 20.32
Gross Rental Yield (City Centre): 6.06%
Gross Rental Yield (Outside of Centre): 4.92%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 2,779.67 TL 2,000.00-4,000.00
Apartment (1 bedroom) Outside of Centre 1,598.87 TL 1,000.00-2,500.00
Apartment (3 bedrooms) in City Centre 5,704.62 TL 3,500.00-8,500.00
Apartment (3 bedrooms) Outside of Centre 3,093.33 TL 2,000.00-5,000.00
Buy Apartment Price
Edit
Price per Square Feet to Buy Apartment in City Centre 988.49 TL 696.77-1,458.57
Price per Square Feet to Buy Apartment Outside of Centre 680.76 TL 418.06-929.02
Salaries And Financing
Edit
Average Monthly Net Salary (After Tax) 3,681.67 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 17.25 13.00-21.90

These data are based on 641 entries in the past 12 months from 103 different contributors.
Last update: July 2021

Sources and References
Sign up for our newsletter:
Your Email Address:
Leave a comment:

Your name: Sign In

Your email address (optional):

Your comment (no HTML):

3 Comments so far
Rahil Shaikh on Mar 11, 2021:
Just wanted to know about what will be the construction cost if I am willing to buy a land and construct a villa that consists of 7 bed rooms, guest room, maid room, along with the garden, backyard and swimming pool.

Could you please let me know the area as well.

Thank you.
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.