Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 6.64
Mortgage as Percentage of Income: 268.84%
Loan Affordability Index: 0.37
Price to Rent Ratio - City Centre: 12.68
Price to Rent Ratio - Outside of Centre: 14.61
Gross Rental Yield (City Centre): 7.89%
Gross Rental Yield (Outside of Centre): 6.84%
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 26,076.92 TL 20,000.00-40,000.00
Apartment (3 bedrooms) Outside of Centre 19,333.33 TL 15,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,846.00 TL 2,962.64-5,574.14
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) 28,272.73 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 40.44 24.00-49.00

These data are based on 115 entries in the past 18 months from 18 different contributors.
Last update: January 2025

Sources and References
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