Property Prices in Turkey

about Property Prices in Turkey

Property Prices in Turkey

Real estate continues to be an investment of trust and refuge in Turkey for local and foreign investors.

The reports prepared by the experts, shows the price increase in the real estate sector which is real and yields a significant profit to its investor.

According to the International Monetary Fund, the latest global real estate monitoring report ranks Turkey in 7th place for rising real estate prices.

The profitable investment in real estate in this country attracts investors to invest their funds in this sector in Turkey.

The construction sector is a very large part of the Turkish economy.

Cement, iron, steel, glass, and many other industries have contributed significantly to the economic growth of the construction sector, especially the financial sector.

The construction sector accounts for 6% of GDP in Turkey. The growth of industry and labor in Turkey are parallel with the construction sector and in particular Istanbul which ranks first with 17.8% of residential construction sales.

Index  
Price to Income Ratio: 8.36
Mortgage as Percentange of Income: 178.38%
Loan Affordability Index: 0.56
Price to Rent Ratio – City Centre: 19.13
Price to Rent Ratio – Outside of Centre: 17.89
Gross Rental Yield (City Centre): 5.23%
Gross Rental Yield (Outside of Centre): 5.59%

Rent per month in turkey

Rent Per Month   Range
Apartment (1 bedroom) in City Centre 230.53 $ 136.86-342.15
Apartment (1 bedroom) Outside of Centre 144.00 $ 85.54-230.95
Apartment (3 bedrooms) in City Centre 396.67 $ 222.40-684.30
Apartment (3 bedrooms) Outside of Centre 249.56 $ 153.97-427.69

Purchase price for apartments in Turkey in turkey

Price per Square Feet to Buy Apartment in City Centre 87.60 $ 47.68-158.93
Price per Square Feet to Buy Apartment Outside of Centre 51.36 $ 28.61-79.47

By City : 5 bigger cities of Turkey

Rank City Price To Income Ratio Gross Rental Yield City Centre Gross Rental Yield Outside of Centre Price To Rent Ratio City Centre Price To Rent Ratio Outside Of City Centre Mortgage As A Percentage Of Income Affordability Index
1 Istanbul 11.27 4.98 5.70 20.06 17.55 243.59 0.41
2 Izmir 9.00 5.06 5.28 19.78 18.93 187.81 0.53
3 Ankara 6.32 6.06 6.18 16.49 16.18 147.97 0.68
4 Bursa 5.83 6.38 6.98 15.66 14.33 129.77 0.77
5 Antalya 5.13 7.10 7.06 14.08 14.16 103.71 0.96
Property Prices in Istanbul, Turkey

As the largest and most populous city in Turkey, it is not surprising that the Istanbul real estate investment market is a hotbed of activity.

Every day, hundreds of transactions take place and title deeds are exchanged, both in the domestic housing sector and for sale to foreigners. In fact, it is the most popular market for both foreigners and Turks, as evidenced by the high statistics over the years.

   
Index  
Price to Income Ratio: 11.27
Mortgage as Percentange of Income: 243.59%
Loan Affordability Index: 0.41
Price to Rent Ratio – City Centre: 20.06
Price to Rent Ratio – Outside of Centre: 17.55
Gross Rental Yield (City Centre): 4.98%
Gross Rental Yield (Outside of Centre): 5.70%

Rent Per Month in istanbul

Rent Per Month   Range
Apartment (1 bedroom) in City Centre 1,894.08 TL 1,400.00

 

-2,500.00

Apartment (1 bedroom) Outside of Centre 1,148.53 TL 800.00

 

-1,500.00

Apartment (3 bedrooms) in City Centre 3,576.53 TL 2,500.00

 

-5,000.00

Apartment (3 bedrooms) Outside of Centre 2,078.34 TL 1,500.00

 

-2,750.00

Purchase price for apartments in Turkey

Price per Square Feet to Buy Apartment in City Centre 787.27 TL 510.96

 

1,161.28

Price per Square Feet to Buy Apartment Outside of Centre 409.54 TL 278.71

 

-557.41

Nearby cities to istanbul

 Esenyurt 19.48 miles
 Kocaeli 62.63 miles
 Bursa 164.05 miles
 Zonguldak 210.49 miles
Eskisehir 220.30 miles

Property Prices in Yalova, Turkey

Yalova is close to the city of Istanbul. There you can find all types of real estate for sale in Yalova. You can buy a villa near the sea or a beautiful property in Yalova surrounded by nature. There is a wide range of real estate for all tastes.

The Yalova region attracts many investors, indeed, this city is close to many cities like Istanbul, Bursa and Kocaeli. You can easily access other parts of the country from Yalova.

Yalova is developing day by day to meet the real estate needs of buyers for a pleasant life.

The prices of real estate in Yalova are cheap and are good investment opportunities. In addition to that, there are many amenities installed in this city.

Index  
Price to Income Ratio: 5.20
Mortgage as Percentange of Income: 153.85%
Loan Affordability Index: 0.65
Price to Rent Ratio – City Centre: 12.56
Price to Rent Ratio – Outside of Centre: 11.99
Gross Rental Yield (City Centre): 7.96%
Gross Rental Yield (Outside of Centre): 8.34%

Rent Per Month in yalova

Rent Per Month   Range
Apartment (1 bedroom) in City Centre 1,066.67 TL 600.00-1,500.00
Apartment (1 bedroom) Outside of Centre 950.00 TL 500.00-1,000.00
Apartment (3 bedrooms) in City Centre 2,033.33 TL 1,300.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 1,275.00 TL 1,100.00-2,500.00

Purchase price for apartments in yalova

Price per Square Feet to Buy Apartment in City Centre 278.71 TL  
Price per Square Feet to Buy Apartment Outside of Centre 204.38 TL  

 

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