Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 11.04
Mortgage as Percentage of Income: 230.01%
Loan Affordability Index: 0.43
Price to Rent Ratio - City Centre: 14.31
Price to Rent Ratio - Outside of Centre: 13.37
Gross Rental Yield (City Centre): 6.99%
Gross Rental Yield (Outside of Centre): 7.48%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 7,346.15 TL 5,000.00-10,000.00
Apartment (1 bedroom) Outside of Centre 4,662.04 TL 3,000.00-7,500.00
Apartment (3 bedrooms) in City Centre 11,580.52 TL 8,000.00-20,000.00
Apartment (3 bedrooms) Outside of Centre 7,991.38 TL 5,000.00-15,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 2,011.83 TL 1,055.65-3,251.58
Price per Square Feet to Buy Apartment Outside of Centre 1,236.30 TL 743.22-1,858.05
Salaries And Financing
Average Monthly Net Salary (After Tax) 7,918.24 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 20.48 14.40-30.00

These data are based on 564 entries in the past 18 months from 98 different contributors.
Last update: March 2023

Sources and References
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3 Comments so far
ozzy on Mar 13, 2022:
For your intrest, we live in a housing estate in Urla. Urla is located out side of city center (distance to city center is 25km). In our housing estate houses have 4 floor and gardens. On average cost of such huge properties are 4-5 million Turkish Liras. If you are looking for much more expensive neighborhoods it is possible that the cost can be doubled.
Toprak on Aug 05, 2020:
Hello guys if anyone is looking to get a house in izmir i can help you, i recently bought a house and know the way around here
afsaneh on Jul 18, 2020:
I decided to buy house Turky Azmir I want 3 bedroom in the nice location , I need to know a price in Canadian $ .than you