How much property costs in Iraq, what it rents for and how that compares with neighbouring markets in Western Asia. City-centre prices per m² rank 9 of 10 in this comparison; gross yields rank 4 of 10.
Apartment price per m² (city centre)
$1,202
2023
Apartment price per m² (outside centre)
$647
2023
Gross rental yield (city centre)
6.4%
2024
Price-to-income ratio
8
2024
Rent: 1-bedroom, city centre
$383/mo
2023
Price and rent trends in Iraq
Apartment price per m²
Monthly rents
Gross rental yield & mortgage rate
Price-to-income & price-to-rent ratios
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
$1,202
2023
-2.6% vs 2022
Numbeo
Apartment price per m² (outside centre)Average price per square metre to buy an apartment outside city centres
$647
2023
-9.5% vs 2022
Numbeo
Price-to-income ratioMedian apartment price divided by median annual disposable family income
8
2024
-1.2% vs 2023
Numbeo
Gross rental yield (city centre)Annual rent as a percentage of purchase price, city-centre apartments
6.4%
2024
-0.1 pp vs 2023
Numbeo
Price-to-rent ratio (city centre)Purchase price divided by annual rent, city-centre apartments
15.6
2024
+1.3% vs 2023
Numbeo
Rent: 1-bedroom, city centreAverage monthly rent of a one-bedroom apartment in the city centre
$383/mo
2023
-1.7% vs 2022
Numbeo
Rent: 1-bedroom, outside centreAverage monthly rent of a one-bedroom apartment outside the centre
$259/mo
2023
+9.6% vs 2022
Numbeo
Rent: 3-bedroom, city centreAverage monthly rent of a three-bedroom apartment in the city centre
$658/mo
2023
-1.9% vs 2022
Numbeo
Rent: 3-bedroom, outside centreAverage monthly rent of a three-bedroom apartment outside the centre
