Property Prices in Bursa, Turkey

Index Info
Price to Income Ratio: 7.69
Mortgage as Percentage of Income: 307.71%
Loan Affordability Index: 0.32
Price to Rent Ratio - City Centre: 13.09
Price to Rent Ratio - Outside of Centre: 15.08
Gross Rental Yield (City Centre): 7.64%
Gross Rental Yield (Outside of Centre): 6.63%
Rent Per Month
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Apartment (1 bedroom) in City Centre 15,100.00 TL 10,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 10,500.00 TL 6,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 24,909.09 TL 20,000.00-40,000.00
Apartment (3 bedrooms) Outside of Centre 18,700.00 TL 15,000.00-25,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 3,855.44 TL 2,322.56-10,219.25
Price per Square Feet to Buy Apartment Outside of Centre 3,193.21 TL 2,787.07-4,109.07
Salaries And Financing
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Average Monthly Net Salary (After Tax) 24,666.67 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 40.00 24.00-49.00

These data are based on 100 entries in the past 18 months from 16 different contributors.
Last update: November 2024

Sources and References
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