Property Prices in Iraq

Index Info
Price to Income Ratio: 8.09
Mortgage as Percentage of Income: 92.07%
Loan Affordability Index: 1.09
Price to Rent Ratio - City Centre: 15.88
Price to Rent Ratio - Outside of Centre: 12.83
Gross Rental Yield (City Centre): 6.30%
Gross Rental Yield (Outside of Centre): 7.79%
Rent Per Month
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Apartment (1 bedroom) in City Centre 442,750.59 IQD 250,000.00-849,877.47
Apartment (1 bedroom) Outside of Centre 290,959.83 IQD 150,000.00-457,626.33
Apartment (3 bedrooms) in City Centre 763,992.37 IQD 400,000.00-1,438,254.19
Apartment (3 bedrooms) Outside of Centre 522,662.52 IQD 300,000.00-800,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 139,852.72 IQD 85,029.05-325,157.93
Price per Square Feet to Buy Apartment Outside of Centre 75,597.41 IQD 42,514.52-182,205.10
Salaries And Financing
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Average Monthly Net Salary (After Tax) 716,763.29 IQD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.75 5.00-18.00

These data are based on 564 entries in the past 18 months from 87 different contributors.
Last update: May 2024
Our data for each country are based on all entries from all cities in that country.

Sources and References
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