Property Prices in Karbala, Iraq

Index Info
Price to Income Ratio: 7.41
Mortgage as Percentage of Income: 85.82%
Loan Affordability Index: 1.17
Price to Rent Ratio - City Centre: 23.53
Price to Rent Ratio - Outside of Centre: 11.11
Gross Rental Yield (City Centre): 4.25%
Gross Rental Yield (Outside of Centre): 9.00%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 331,000.00 IQD 250,000.00-393,000.00
Apartment (1 bedroom) Outside of Centre 192,500.00 IQD 100,000.00-327,500.00
Apartment (3 bedrooms) in City Centre 452,833.33 IQD 400,000.00-500,000.00
Apartment (3 bedrooms) Outside of Centre 321,500.00 IQD 250,000.00-393,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 140,839.84 IQD 97,361.58-185,804.53
Price per Square Feet to Buy Apartment Outside of Centre 41,960.86 IQD 18,580.45-60,850.98
Salaries And Financing
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Average Monthly Net Salary (After Tax) 663,750.00 IQD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 10.00

These data are based on 24 entries in the past 18 months from 5 different contributors.
Last update: December 2023

Sources and References
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