Izmir (province) real estate market — prices, rental yield and trend

• Average price: $1,126 / m²
• Gross rental yield: 7.31%
• 12-month price change (USD): 2.2%
• Net rental yield: 5.97%
• Transaction cost: 8.7%
• Price basis: regional average

Residential property in Izmir (province) averages $1,126 per square metre. In dollar terms the market has barely moved over the last twelve months (+2.2%). That makes it the 259th most expensive of the 264 markets in the set. In local currency the same twelve months read +20.8%; the 18.6-point gap is the exchange rate, not the housing market.

What a buyer pays in Izmir (province)

The $1,126 figure is a regional average across all residential property types, which flattens a wide spread — the most sought-after areas run well above it, the rest of the region well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 8.7% of the price here. On a 100 m² apartment at the average price that is roughly $9,796 on top of the $112,600 purchase price. That is close to the 9.5% median across the set. Of that, the transfer tax alone is 2–4% depending on the buyer and the property; the rest is notary, registration and agency fees.

What it earns

A square metre lets for about $6.9 a month. Against a purchase price of $1,126 per square metre that is 7.3% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 39th of 311 markets by gross yield. Rental income is taxed at 14–22.8% — the rate is not a single number here. That is the difference between 5.6% and 6.3% net on the same property. The 6% net figure we publish uses 18.4%. On the way out there is a third tax: a non-resident seller pays 0–40% on the gain, depending on how long the property was held and who is selling.

Who can buy in Izmir (province)

Full ownership; reciprocity and military-zone check. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Izmir (province) is built from asking prices from listings. It was last refreshed on 2026-09-22. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: emlakjet.com. Snapshot: 2026-09-22.