Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 9.47
Mortgage as Percentage of Income: 381.96%
Loan Affordability Index: 0.26
Price to Rent Ratio - City Centre: 12.89
Price to Rent Ratio - Outside of Centre: 10.88
Gross Rental Yield (City Centre): 7.76%
Gross Rental Yield (Outside of Centre): 9.19%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 25,713.82 TL 20,000.00-35,000.00
Apartment (1 bedroom) Outside of Centre 18,192.77 TL 15,000.00-25,000.00
Apartment (3 bedrooms) in City Centre 45,012.65 TL 32,000.00-60,000.00
Apartment (3 bedrooms) Outside of Centre 30,509.64 TL 25,000.00-40,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 6,633.22 TL 4,645.11-13,434.33
Price per Square Feet to Buy Apartment Outside of Centre 3,890.28 TL 3,483.84-8,209.87
Salaries And Financing
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Average Monthly Net Salary (After Tax) 29,910.40 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 40.33 30.00-56.00

These data are based on 152 entries from 30 contributors over the past 18 months.
Last update: 5 July 2025

Sources and References
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1 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.