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Ankara, Turkey

Q: How much is rent in Ankara?

A 1-bedroom apartment in Ankara rents for TRY 12,000/month in 2024.

Q: Is it better to buy or rent in Ankara?

Buying and renting are roughly comparable in Ankara. Price-to-rent ratio: 18.0x.

Property prices · 2024 · Middle East

Price/sqm — City Centre TRY 45,000

Price/sqm — Outside Centre TRY 30,000

1-Bed Rent / Month TRY 12,000

3-Bed Rent / Month TRY 19,000

Avg Mortgage Rate 28.00%

Price-to-Rent Ratio 18.0x Buying and renting are roughly comparable

Property price trend in Ankara (2024–2026)

Property comparison — cities in Turkey (2024)

City	Centre /sqm	Outside /sqm	1-Bed Rent	vs Ankara
Ankara	TRY 45,000	TRY 30,000	TRY 12,000	—
Antalya	TRY 62,000	TRY 42,000	TRY 15,000	+37.8%
Izmir	TRY 55,000	TRY 37,000	TRY 14,000	+22.2%
Istanbul	TRY 42,000	TRY 25,000	TRY 15,000	-6.7%
Bursa	TRY 38,000	TRY 25,000	TRY 10,500	-15.6%

Other Middle East cities (2024)

Frequently asked questions

How much does property cost in Ankara in 2024?

In Ankara, the average price per sqm in the city centre is TRY 45,000, and TRY 30,000 outside the centre (2024 data). Prices have risen 80% since 2024.

How much is rent in Ankara in 2024?

A 1-bedroom apartment in Ankara rents for approximately TRY 12,000 per month in 2024. A 3-bedroom apartment costs around TRY 19,000/month.

Is it better to buy or rent in Ankara?

Buying and renting are roughly comparable in Ankara. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 28.00%.

What are mortgage rates in Turkey in 2024?

The average mortgage rate in Turkey is approximately 28.00% as of 2024. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.

What is the price per sqm in Ankara?

The average property price per square metre in Ankara city centre is TRY 45,000 in 2024. Outside the centre, expect to pay around TRY 30,000/sqm.