Izmir (province) real estate market — prices, rental yield and trend
- Average price: $1,126 / m²
- Gross rental yield: 7.31%
- Net rental yield: 5.97%
- Transaction cost: 8.7%
- Price basis: regional average
Residential property in Izmir (province) averages $1,126 per square metre. That makes it the 81st most expensive of the 83 markets in the set.
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 below the 10.2% median across the set, which shortens the time it takes for a purchase to break even.
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 15th of 88 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%.
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 high: the underlying series is official and current. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.
Sources: Emlakjet sale · emlakjet.com. Snapshot: 2026-09-22.
Latest Izmir (province) market analysis
- Turkey's TOKI Opens a 25% Discount on Housing Debt for About 228,000 Buyers — 2026-09-19
- Istanbul opens applications for 1,071 state rental flats from 10,000 lira a month — 2026-09-14
- Turkey Holds Policy Rate at 37% for a Fifth Meeting as Real House Prices Keep Falling — 2026-09-11
- Turkish Builders Filed for 9.5% Fewer Homes in Q2 While Completions Accelerated — 2026-08-21
- Turkish Home Prices Rose 25% in a Year but Lost 5.1% in Real Terms — 2026-08-19
- Turkish Home Sales Fell 17% in July While Mortgage-Backed Purchases Jumped 24% — 2026-08-14
- Turkey Property Taxes and Buying Costs for Foreign Buyers (2026) — 2026-08-03
- Turkey Property Market: Prices, Yields and the Lira Gap in 2026 — 2026-07-03
- Turkey's Property Market in 2026: The Nominal Illusion Behind the Numbers — 2026-07-03
- Turkey: Foreign Property Ownership and the Buying Process, Gate by Gate — 2026-07-03
Related markets: Istanbul · Antalya (province) · Turkey · Mersin (province) · Mugla (Bodrum / Fethiye)