Property Prices in Erbil (Irbil), Iraq

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Index
Price to Income Ratio:	7.56
Mortgage as Percentage of Income:	121.19%
Loan Affordability Index:	0.83
Price to Rent Ratio - City Centre:	10.32
Price to Rent Ratio - Outside of Centre:	10.13
Gross Rental Yield (City Centre):	9.69%
Gross Rental Yield (Outside of Centre):	9.87%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	625,384.98 IQD	459,634.88-919,269.76
Apartment (1 bedroom) Outside of Centre	421,183.47 IQD	300,000.0-787,945.51
Apartment (3 bedrooms) in City Centre	1,086,649.34 IQD	800,000.0-1,450,000.0
Apartment (3 bedrooms) Outside of Centre	693,644.79 IQD	590,959.13-800,000.0
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	128,837.22 IQD	92,902.27-183,004.81
Price per Square Feet to Buy Apartment Outside of Centre	83,153.9 IQD	65,031.59-120,772.95
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	754,274.12 IQD
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	15.25	5.0-19.0

These data are based on 125 entries in the past 18 months from 21 different contributors.
Last update: October 2024

Sources and References

Nearby cities:

Property Prices in Mosul	54.31 miles
Property Prices in Tal Afar	101.21 miles
Property Prices in Sinjar	131.7 miles
Property Prices in Khanaqin	180.57 miles
Property Prices in Ad-dujayl	199.07 miles
Property Prices in Al-miqdadiyah	213.22 miles
Property Prices in Baghdad	232.9 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	9,200.0
GDP Growth Rate:	7.01%
Population Growth Rate:	1.94%