Turkey: House Prices, Rents, and Rental Yields
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Last Updated: Mar 13, 2008
Good yields on Turkish apartments
| Last Updated: Mar 13, 2008 | |||||
| ISTANBUL* - Apartments | COST (US$) | YIELD (p.a.) | PRICE/SQ.M. (US$) | ||
| TO BUY | MONTHLY RENT | TO BUY | MONTHLY RENT | ||
| 60 sq. m. | 62,460 | 417 | 8.02% | 1,041 | 6.95 |
| 90 sq. m. | 98,190 | 635 | 7.76% | 1,091 | 7.05 |
| 120 sq. m. | 144,240 | 778 | 6.47% | 1,202 | 6.48 |
| 150 sq. m. | 198,900 | 1,119 | 6.76% | 1,326 | 7.46 |
| 200 sq. m. | 277,800 | 1,774 | 7.67% | 1,389 | 8.87 |
| 250 sq. m. | 645,500 | 3,138 | 5.83% | 2,582 | 12.55 |
| * Districts of Beşiktaş, Beyoğlu, Sarıyer and Şişli Source: Global Property Guide |
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Istanbul apartments' gross rental income can go higher than 8%. Average yield throughout the districts is 7%. Bigger apartments tend to have lower yields, with 250-sq. m apartments generating a yield of around 5.8%.
Apartment prices per sq. m, on the other hand, have an opposite trend with smaller apartments selling cheaper at €1,041 for a 60-sq. m apartment. On the average, units go for €1,439 per sq. m.
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