Property Prices in Kocaeli, Turkey

Index Info
Price to Income Ratio: 7.80
Mortgage as Percentage of Income: 202.01%
Loan Affordability Index: 0.50
Price to Rent Ratio - City Centre: 21.23
Price to Rent Ratio - Outside of Centre: 17.60
Gross Rental Yield (City Centre): 4.71%
Gross Rental Yield (Outside of Centre): 5.68%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 4,250.00 TL 3,000.00-6,000.00
Apartment (1 bedroom) Outside of Centre 3,250.00 TL 2,000.00-5,000.00
Apartment (3 bedrooms) in City Centre 8,785.71 TL 7,000.00-12,000.00
Apartment (3 bedrooms) Outside of Centre 6,166.67 TL 4,000.00-9,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 1,950.95 TL 1,207.73-2,787.07
Price per Square Feet to Buy Apartment Outside of Centre 1,187.90 TL 869.55-1,672.24
Salaries And Financing
Average Monthly Net Salary (After Tax) 10,833.33 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 25.75 14.00-42.00

These data are based on 54 entries in the past 18 months from 10 different contributors.
Last update: June 2023

Sources and References
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