Izmir, Turkey
Property prices · 2025 · Middle East · Price +40% vs 2024
Property price trend in Izmir (2024–2026)
Property comparison — cities in Turkey (2025)
Other Middle East cities (2025)
Frequently asked questions
How much does property cost in Izmir in 2025?
In Izmir, the average price per sqm in the city centre is TRY 77,000, and TRY 51,800 outside the centre (2025 data). Prices have risen 80% since 2024.
How much is rent in Izmir in 2025?
A 1-bedroom apartment in Izmir rents for approximately TRY 19,600 per month in 2025. A 3-bedroom apartment costs around TRY 32,200/month.
Is it better to buy or rent in Izmir?
Buying and renting are roughly comparable in Izmir. The price-to-rent ratio is 20.0x — it would take approximately 20.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 28.00%.
What are mortgage rates in Turkey in 2025?
The average mortgage rate in Turkey is approximately 28.00% as of 2025. With a price-to-rent ratio of 20.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Izmir changed?
Property prices in Izmir have changed +40% vs 2024. Since 2024, prices have increased by 80%. Use the year tabs above to compare prices across years.
What is the price per sqm in Izmir?
The average property price per square metre in Izmir city centre is TRY 77,000 in 2025. Outside the centre, expect to pay around TRY 51,800/sqm.