Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 7.09
Mortgage as Percentage of Income: 292.81%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 10.86
Price to Rent Ratio - Outside of Centre: 10.88
Gross Rental Yield (City Centre): 9.21%
Gross Rental Yield (Outside of Centre): 9.19%
Rent Per Month
Edit Range
1 Bedroom Apartment in City Centre 26,547.66 TL 20,000.00-35,000.00
1 Bedroom Apartment Outside of City Centre 19,156.21 TL 15,000.00-25,000.00
3 Bedroom Apartment in City Centre 46,717.76 TL 35,000.00-60,000.00
3 Bedroom Apartment Outside of City Centre 32,055.19 TL 25,000.00-42,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,784.34 TL 4,902.95-9,290.23
Price per Square Feet to Buy Apartment Outside of Centre 4,091.75 TL 3,716.09-5,109.62
Salaries And Financing
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Average Monthly Net Salary (After Tax) 37,484.10 TL
Annual Mortgage Interest Rate (20-Year Fixed, in %) 41.29 32.45-56.00

These data are based on 205 entries from 33 contributors over the past 18 months.
Last update: 6 December 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.