Property Prices in Mersin, Turkey

Index Info
Price to Income Ratio: 8.43
Mortgage as Percentage of Income: 291.12%
Loan Affordability Index: 0.34
Price to Rent Ratio - City Centre: 15.84
Price to Rent Ratio - Outside of Centre: 11.79
Gross Rental Yield (City Centre): 6.31%
Gross Rental Yield (Outside of Centre): 8.48%
Rent Per Month
Edit Range
Apartment (1 bedroom) in City Centre 12,750.00 TL 11,000.00-15,000.00
Apartment (1 bedroom) Outside of Centre 10,666.67 TL 10,000.00-11,000.00
Apartment (3 bedrooms) in City Centre 21,000.00 TL 17,000.00-25,000.00
Apartment (3 bedrooms) Outside of Centre 17,166.67 TL 16,000.00-18,000.00
Buy Apartment Price
Price per Square Feet to Buy Apartment in City Centre 3,936.73 TL 3,483.84-4,645.11
Price per Square Feet to Buy Apartment Outside of Centre 2,427.07 TL 2,043.85-2,787.07
Salaries And Financing
Average Monthly Net Salary (After Tax) 20,317.00 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 34.50 30.00-39.00

These data are based on 44 entries in the past 18 months from 9 different contributors.
Last update: April 2024

Sources and References
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