Property Prices in Mersin, Turkey

Index Info
Price to Income Ratio: 6.97
Mortgage as Percentage of Income: 218.90%
Loan Affordability Index: 0.46
Price to Rent Ratio - City Centre: 12.09
Price to Rent Ratio - Outside of Centre: 9.89
Gross Rental Yield (City Centre): 8.27%
Gross Rental Yield (Outside of Centre): 10.11%
Rent Per Month
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Apartment (1 bedroom) in City Centre 14,400.00 TL 12,000.00-20,849.22
Apartment (1 bedroom) Outside of Centre 13,458.12 TL 11,000.00-17,374.35
Apartment (3 bedrooms) in City Centre 21,200.00 TL 18,000.00-30,000.00
Apartment (3 bedrooms) Outside of Centre 16,500.00 TL 12,000.00-20,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,239.97 TL 2,787.07-4,645.11
Price per Square Feet to Buy Apartment Outside of Centre 2,310.94 TL 2,043.85-2,787.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 21,425.25 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 31.33 25.00-39.00

These data are based on 49 entries in the past 18 months from 12 different contributors.
Last update: November 2024

Sources and References
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