Property Prices in Izmir, Turkey

Index Info
Price to Income Ratio: 10.09
Mortgage as Percentage of Income: 318.53%
Loan Affordability Index: 0.31
Price to Rent Ratio - City Centre: 14.42
Price to Rent Ratio - Outside of Centre: 12.39
Gross Rental Yield (City Centre): 6.94%
Gross Rental Yield (Outside of Centre): 8.07%
Rent Per Month
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Apartment (1 bedroom) in City Centre 20,546.88 TL 15,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 13,948.28 TL 10,000.00-20,000.00
Apartment (3 bedrooms) in City Centre 33,046.88 TL 22,500.00-45,000.00
Apartment (3 bedrooms) Outside of Centre 22,984.38 TL 17,000.00-35,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 5,717.22 TL 4,645.11-7,989.59
Price per Square Feet to Buy Apartment Outside of Centre 3,368.46 TL 2,787.07-4,180.60
Salaries And Financing
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Average Monthly Net Salary (After Tax) 24,227.72 TL
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 31.50 18.00-50.00

These data are based on 305 entries in the past 18 months from 48 different contributors.
Last update: January 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.