Turkey increases the return on investment in rental real estate
The study conducted by the Denge Degerleme agency showed how the payback period for long-term rental housing is changing in 2022. The study examined the housing and rental markets in the 20 largest cities in Turkey.
The results showed that the return-on-investment (ROI) has increased in 18 out of 20 cities over the last year. It means that the residential property prices were rising faster than the rental rates. The two exceptions were Antalya and Mugla, where the ROI period had shortened, detecting that the rent raise had outpaced the housing price growth.
Total area 47 m² 1 bedroom
Total area 56 m² 1 bedroom
In Istanbul, the ROI period increased in the majority of metropolitan areas. The only district with a shorter payback period was Kagithane, and the other two — Kadikoy and Sarıyer — demonstrated no change in the price-to-rent ratio. The ROI period extended in the rest of Istanbul’s districts.