Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 10.57
Mortgage as Percentage of Income: 318.86%
Loan Affordability Index: 0.31
Price to Rent Ratio - City Centre: 15.67
Price to Rent Ratio - Outside of Centre: 13.58
Gross Rental Yield (City Centre): 6.38%
Gross Rental Yield (Outside of Centre): 7.37%
Rent Per Month
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Apartment (1 bedroom) in City Centre 20,080.00 TL 15,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 13,295.45 TL 10,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 30,903.85 TL 20,000.00-45,000.00
Apartment (3 bedrooms) Outside of Centre 21,222.22 TL 16,000.00-35,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,960.76 TL 4,645.11-8,361.20
Price per Square Feet to Buy Apartment Outside of Centre 3,472.60 TL 2,787.07-4,645.11
Salaries And Financing
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Average Monthly Net Salary (After Tax) 24,020.00 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 30.09 18.00-50.00

These data are based on 252 entries in the past 18 months from 41 different contributors.
Last update: November 2024

Sources and References
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1 Comments so far
ozzy on Mar 13, 2022:
For your intrest, we live in a housing estate in Urla. Urla is located out side of city center (distance to city center is 25km). In our housing estate houses have 4 floor and gardens. On average cost of such huge properties are 4-5 million Turkish Liras. If you are looking for much more expensive neighborhoods it is possible that the cost can be doubled.