Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 7.06
Mortgage as Percentage of Income: 286.81%
Loan Affordability Index: 0.35
Price to Rent Ratio - City Centre: 12.64
Price to Rent Ratio - Outside of Centre: 14.64
Gross Rental Yield (City Centre): 7.91%
Gross Rental Yield (Outside of Centre): 6.83%
Rent Per Month
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Apartment (1 bedroom) in City Centre 15,363.64 TL 10,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 10,454.55 TL 6,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 26,166.67 TL 20,000.00-43,000.00
Apartment (3 bedrooms) Outside of Centre 19,272.73 TL 15,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,841.02 TL 2,932.78-5,574.14
Price per Square Feet to Buy Apartment Outside of Centre 3,135.19 TL 2,787.07-4,109.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 26,600.00 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 40.63 24.00-49.00

These data are based on 110 entries in the past 18 months from 17 different contributors.
Last update: December 2024

Sources and References
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