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Mar 29, 2010
Yields in Istanbul – acceptable in high-class districts, but better in middle-class districts
Last Updated: Mar 29, 2010
Bakırköy apartments COST (€) YIELD (p.a.) PRICE/SQ.M. (€)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
75 sq. m. 133,350 706 6.35% 1,778 9.41
120 sq. m. 202,200 948 5.62% 1,685 7.90
170 sq. m. 459,510 1,741 4.55% 2,703 10.24
225 sq. m. 621,000 1,879 3.63% 2,760 8.35
300 sq. m. 763,200 n.a. n.a. 2,544 n.a.
Beşiktaş apartments
120 sq. m. 378,120 1,396 4.43% 3,151 11.63
200 sq. m. 667,400 2,668 4.80% 3,337 13.34
250 sq. m. 840,500 3,113 4.44% 3,362 12.45
350 sq. m. 978,600 4,617 5.66% 2,796 13.19
Beyoğlu apartments
55 sq. m. 116,820 702 7.22% 2,124 12.77
85 sq. m. 185,555 1,085 7.01% 2,183 12.76
120 sq. m. 286,320 1,457 6.10% 2,386 12.14
170 sq. m. 340,170 2,004 7.07% 2,001 11.79
250 sq. m. n.a. 2,458 n.a. n.a. 9.83
Kadıköy apartments
75 sq. m. 11,850 587 6.35% 1,478 7.82
120 sq. m. 180,000 971 6.47% 1,500 8.09
170 sq. m. 347,140 1,452 5.02% 2,042 8.54
225 sq. m. 459,675 1,676 4.38% 2,043 7.45
300 sq. m. 668,400 2,430 4.36% 2,228 8.10
Sariyer apartments
75 sq. m. 112,800 578 6.16% 1,504 7.71
125 sq. m. 267,750 1,095 4.91% 2,142 8.76
200 sq. m. 690,200 2,426 4.22% 3,451 12.13
300 sq. m. 962,400 3,555 4.43% 3,208 11.85
Şişli apartments
80 sq. m. 172,880 814 5.65% 2,161 10.17
120 sq. m. 248,040 1,213 5.87% 2,067 10.11
140 sq. m. 296,240 1,207 4.89% 2,116 8.62
165 sq. m. 359,205 1,360 4.54% 2,177 8.24
250 sq. m. 733,000 2,255 3.69% 2,932 9.02
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

Apartments in the marvelously attractive Besiktas district are (of course) more expensive than elsewhere in Istanbul, at over €3,300 per square metre. Lucky are those that live in this area of palaces and large houses, looking out onto the Bosporus! 

Unfortunately for foreign buyers, the best rental yields on residential property in Istanbul are not to be had here, where a resale 120 square metre apartment yields a return of only around 4.4% on its price.  That is, of course, typical of the general situation in the higher-end districts of any city.

Much better returns can be had in the noisier Beyoglu which, though it can still command very high sales prices, is a more ‘work-oriented’ district and can return rental yields on apartments of 6%-7.2%

Bakirkoy is a mixed district, and has a large range of houses and apartments and areas, woith higher-end apartments at around €2,700 per square metre, and smaller apartments average €1,700 per square metre.  Gross rental yields are around 5.6% on 120 square metre apartments.

Kadikoy on the Anatolian side of the Bosporus is another very mixed district, buzzing with life and students, largely residential.  As is to be expected, prices of residential apartments here have a wide range.  The livelier and ‘earthier’ the district, the higher the gross rental yields, and 120 square metre apartments here can return 6.5%

The very beautiful and wealthy Sariyer district is very expensive in its upper reaches, with residential property prices reaching over €3,000 per square metre.  Yields are correspondingly more modest, at around 4.9% on a 120 square metre apartment.

The varied Sisli district  has apartments mostly over €2,000 per square metre, and yields of around 5.9% on 120 square metre apartments.

 



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