Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 9.91
Mortgage as Percentage of Income: 265.07%
Loan Affordability Index: 0.38
Price to Rent Ratio - City Centre: 14.08
Price to Rent Ratio - Outside of Centre: 13.01
Gross Rental Yield (City Centre): 7.10%
Gross Rental Yield (Outside of Centre): 7.69%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 17,176.47 TL 12,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 12,125.00 TL 10,000.00-17,000.00
Apartment (3 bedrooms) in City Centre 25,222.22 TL 20,000.00-36,000.00
Apartment (3 bedrooms) Outside of Centre 18,710.53 TL 15,000.00-25,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 4,495.46 TL 3,530.29-5,574.14
Price per Square Feet to Buy Apartment Outside of Centre 2,991.34 TL 2,508.36-3,994.80
Salaries And Financing
Average Monthly Net Salary (After Tax) 20,321.57 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 26.60 18.00-40.00

These data are based on 164 entries in the past 18 months from 28 different contributors.
Last update: March 2024

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