Turkey: House Prices, Rents, and Rental Yields
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Last Updated: Mar 16, 2009
6.22% average across Istanbul districts
| Last Updated: Mar 16, 2009 | |||||
| ISTANBUL - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 75 sq. m. | 106,950 | 584 | 6.55% | 1,426 | 7.78 |
| 120 sq. m. | 166,800 | 726 | 5.48% | 1,390 | 6.35 |
| 170 sq. m. | 234,430 | 1,236 | 6.33 | 1,379 | 7.27 |
| 275 sq. m. | 596,750 | 3,242 | 6.52% | 2,170 | 11.79 |
| Bakırköy District: Ataköy, Yeşilyurt, Yeşilköy Beyoğlu District: Cihangir, Taksim Beşiktaş District: Etiler, Bebek, Levent, Ortaköy Kadiköy District : Bagdat Avenue , Moda Bagdat Avenue : Bostanci, Çatalçesme, Suadiye, Saskinbakkal, Erenköy, Caddebostan, Göztepe, Çiftehavuzlar Selamiçesme, Feneryolu and Kiziltoprak. Sariyer District : Büyükdere, Yeniköy Sisli District: Nisantasi , Tesvikiye Source: Global Property Guide Definitions: Data FAQ See also: Update Schedule |
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The average sale price of high-end used apartments in Istanbul is 1,591 per sq. m.
Istanbuls gross rental yields average 6.22% (in the districts of Bakırköy, Beyoğlu, Beşiktaş, Kadiköy, Sariyer, and Sisli). Unusually, bigger apartments in Istanbul do not have lower yields, and apartment of 275 square metres (sq. m.) have higher-than-average yields, at 6.52%.
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