Turkey House Prices, Rents & Rental Yields (2026)
How much property costs in Turkey, what it rents for and how that compares with neighbouring markets in Western Asia. City-centre prices per m² rank 8 of 10 in this comparison; gross yields rank 5 of 10.
- Apartment price per m² (city centre)
- $1,237
- 2022
- Apartment price per m² (outside centre)
- $741
- 2022
- Gross rental yield (city centre)
- 6.1%
- 2024
- Price-to-income ratio
- 12.5
- 2024
- Rent: 1-bedroom, city centre
- $324/mo
- 2022
- Mortgage interest rate (20-year fixed)
- 27.6%
- 2023
Price and rent trends in Turkey
Latest property market indicators
| Indicator | Value | Year | Change | Source |
|---|---|---|---|---|
| Apartment price per m² (city centre)Average asking price per square metre to buy an apartment in city centres | $1,237 | 2022 | +27.5% vs 2021 | Numbeo |
| Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres | $741 | 2022 | +25.3% vs 2021 | Numbeo |
| Price-to-income ratioMedian apartment price divided by median annual disposable family income | 12.5 | 2024 | -0.8% vs 2023 | Numbeo |
| Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments | 6.1% | 2024 | +0.5 pp vs 2023 | Numbeo |
| Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments | 16.3 | 2024 | -8.4% vs 2023 | Numbeo |
| Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre | $324/mo | 2022 | +18.3% vs 2021 | Numbeo |
| Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre | $203/mo | 2022 | +17.8% vs 2021 | Numbeo |
| Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre | $583/mo | 2022 | +19.6% vs 2021 | Numbeo |
| Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre | $369/mo | 2022 | +22.2% vs 2021 | Numbeo |
| Mortgage interest rate (20-year fixed)Average yearly mortgage interest rate, 20-year fixed | 27.6% | 2023 | +6.1 pp vs 2022 | Numbeo |
| Home ownership rateShare of owner-occupied dwellings | 56.7% | 2024 | ±0.0 pp vs 2022 | Trading Economics |
Year-by-year data
| Year | Apartment price per m² (city centre) | Apartment price per m² (outside centre) | Price-to-income ratio | Gross rental yield (city centre) | Price-to-rent ratio (city centre) | Rent: 1-bedroom, city centre | Rent: 1-bedroom, outside centre | Rent: 3-bedroom, city centre | Rent: 3-bedroom, outside centre | Mortgage interest rate (20-year fixed) | Home ownership rate |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | — | — | 12.5 | 6.1% | 16.3 | — | — | — | — | — | 56.7% |
| 2023 | — | — | 12.6 | 5.6% | 17.8 | — | — | — | — | 27.6% | — |
| 2022 | $1,237 | $741 | 10.3 | 5.7% | 17.7 | $324/mo | $203/mo | $583/mo | $369/mo | 21.6% | 56.7% |
| 2021 | $970 | $591 | 8.2 | 5.2% | 19.2 | $274/mo | $172/mo | $488/mo | $301/mo | 18.0% | 57.5% |
| 2020 | $1,000 | $553 | 7.8 | 5.5% | 18.1 | $258/mo | $158/mo | $447/mo | $272/mo | 14.1% | 57.9% |
| 2019 | $1,100 | $605 | 9.3 | 4.9% | 20.4 | $270/mo | $169/mo | $486/mo | $295/mo | 20.4% | 58.8% |
| 2018 | $1,386 | $711 | 8.9 | 5.2% | 19.2 | $316/mo | $191/mo | $553/mo | $330/mo | 18.6% | 59.0% |
| 2017 | $1,673 | $829 | 8.9 | 5.4% | 18.4 | $376/mo | $221/mo | $688/mo | $402/mo | 12.8% | 59.1% |
Turkey compared with Western Asia
| Country | Apartment price per m² (city centre) | Gross rental yield (city centre) | Price-to-income ratio | Mortgage interest rate (20-year fixed) |
|---|---|---|---|---|
| Turkey | $1,237 | 6.1% | 12.5 | 27.6% |
| Armenia | $3,156 | 6.3% | 17 | 13.8% |
| Azerbaijan | $1,700 | 5.3% | 14.4 | 9.1% |
| Cyprus | $3,682 | 6.9% | 8.1 | 4.3% |
| Georgia | $1,577 | 8.5% | 13 | 11.8% |
| Iraq | $1,202 | 6.4% | 8 | — |
| Israel | $12,224 | 3.2% | 14.2 | 5.1% |
| Jordan | $903 | 5.7% | 7.5 | 8.0% |
| Kuwait | $6,239 | 3.5% | 7.7 | — |
| Lebanon | $3,450 | 4.8% | 27.4 | — |
Related
- Properties for sale in Turkey (35)
- Mortgages in Turkey for foreigners
- Turkey market overview
- Tax rates in Turkey
Prices, rents, yields and mortgage rates: Numbeo (crowd-sourced, national averages of city data). Values in US dollars.