Property Prices in Sumgayit, Azerbaijan

Index
Price to Income Ratio:	9.43
Mortgage as Percentage of Income:	87.75%
Loan Affordability Index:	1.14
Price to Rent Ratio - City Centre:	18.12
Price to Rent Ratio - Outside of Centre:	15.43
Gross Rental Yield (City Centre):	5.52%
Gross Rental Yield (Outside of Centre):	6.48%

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Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	516.67 man	450.00-600.00
Apartment (1 bedroom) Outside of Centre	366.67 man	300.00-450.00
Apartment (3 bedrooms) in City Centre	550.00 man	500.00-600.00
Apartment (3 bedrooms) Outside of Centre	500.00 man
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	154.84 man	139.35-185.80
Price per Square Feet to Buy Apartment Outside of Centre	102.19 man	92.90-120.77
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	733.33 man
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	7.00

These data are based on 22 entries in the past 18 months from 4 different contributors.
Last update: January 2025

Sources and References

Nearby cities:

Property Prices in Fatmayi	13.04 miles
Property Prices in Baku	20.57 miles
Property Prices in Zabrat	22.33 miles
Property Prices in Nardaran	24.77 miles
Property Prices in Ramana	24.88 miles
Property Prices in Lokbatan	26.76 miles
Property Prices in Bakixanov (Bakikhanov)	27.78 miles
Property Prices in Buzovna	32.89 miles
Property Prices in Puta	41.15 miles
Property Prices in Qobustan	43.47 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	15,100.00
GDP Growth Rate:	4.62%
Population Growth Rate:	0.43%