Property Prices in Istanbul, Turkey

Index Info
Price to Income Ratio: 15.09
Mortgage as Percentage of Income: 541.11%
Loan Affordability Index: 0.18
Price to Rent Ratio - City Centre: 17.38
Price to Rent Ratio - Outside of Centre: 15.40
Gross Rental Yield (City Centre): 5.75%
Gross Rental Yield (Outside of Centre): 6.49%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 22,554.39 TL 15,000.00-34,048.08
Apartment (1 bedroom) Outside of Centre 14,390.82 TL 10,000.00-22,000.00
Apartment (3 bedrooms) in City Centre 43,043.86 TL 30,000.00-70,000.00
Apartment (3 bedrooms) Outside of Centre 26,000.00 TL 20,000.00-40,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 8,162.16 TL 4,645.11-17,186.92
Price per Square Feet to Buy Apartment Outside of Centre 4,500.64 TL 2,322.56-8,361.20
Salaries And Financing
Average Monthly Net Salary (After Tax) 22,586.53 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 35.84 20.00-60.00

These data are based on 741 entries in the past 12 months from 123 different contributors.
Last update: February 2024

Sources and References
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3 Comments so far
Anonymous on Sep 22, 2021:
GDP Per Capita ($) : 28,424.00 for Turkey is not correct. As at 2020, this figure was only $8,538.1.

Your figure is perhaps for "GNI per capita, PPP (current international $)" which is entirely different measure.

You must either relabel your variable to reflect what it is showing or revise the number for GDP Per Capita ($).
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.