Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 10.74
Mortgage as Percentage of Income: 393.25%
Loan Affordability Index: 0.25
Price to Rent Ratio - City Centre: 16.15
Price to Rent Ratio - Outside of Centre: 14.06
Gross Rental Yield (City Centre): 6.19%
Gross Rental Yield (Outside of Centre): 7.11%
Rent Per Month
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Apartment (1 bedroom) in City Centre 23,793.61 TL 20,000.00-35,000.00
Apartment (1 bedroom) Outside of Centre 17,390.54 TL 14,000.00-25,000.00
Apartment (3 bedrooms) in City Centre 39,344.08 TL 30,000.00-50,000.00
Apartment (3 bedrooms) Outside of Centre 29,502.12 TL 24,000.00-40,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 7,503.57 TL 5,455.14-12,760.57
Price per Square Feet to Buy Apartment Outside of Centre 4,829.31 TL 3,716.09-7,798.13
Salaries And Financing
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Average Monthly Net Salary (After Tax) 30,888.00 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 36.57 23.00-50.00

These data are based on 122 entries from 32 contributors over the past 18 months.
Last update: April 2025

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.