Turkey: Rental Yields
Gross yields in Turkey are moderate to high. Properties in central Istanbul offer yields of 6% to 7.6%, while property in coastal areas can yield 13% to 16% (but rents in coastal areas are predominantly seasonal).
Property yields in the suburbs are generally more attractive than in the cities. While apartments in Istanbul yielded around 6% to 7.5% at end-2005, and Ankara apartments yielded from 7% to 9.5%, depending on the size of the property, houses in the suburbs of Istanbul yielded around 6.5% to 8.5%, while house in the suburbs of Ankara could yield 12%.
| |
COST
(US $) |
YIELD
(p.a.) |
PRICE, M2
(US $) |
| |
|
|
|
|
|
| ANKARA - Centre |
|
|
|
|
|
|
|
60,000 |
350 |
7.00% |
1,200 |
7.00 |
|
|
120,000 |
750 |
7.50% |
1,200 |
7.50 |
|
|
190,000 |
1,300 |
8.21% |
1,267 |
8.70 |
|
|
270,000 |
1,900 |
8.44% |
1,080 |
7.60 |
|
|
320,000 |
2,400 |
9.00% |
1,067 |
8.00 |
|
|
380,000 |
3,000 |
9.47% |
1,086 |
8.60 |
| |
|
|
|
|
|
ANKARA - Suburbs
|
|
|
|
|
|
|
|
400,000 |
4,000 |
12.00% |
1,333 |
13.30 |
|
500,000 |
4,800 |
11.52% |
4,167 |
12.00 |
| |
|
|
|
|
|
| ISTANBUL - Centre |
|
|
|
|
|
|
|
190,000 |
1,000 |
6.32% |
2,533 |
13.30 |
|
|
240,000 |
1,500 |
7.50% |
2,400 |
15.00 |
|
|
380,000 |
2,400 |
7.58% |
2,533 |
16.00 |
|
|
560,000 |
3,400 |
7.29% |
2,240 |
13.60 |
|
|
1,000,000 |
5,000 |
6.00% |
3,333 |
16.70 |
| |
|
|
|
|
|
| ISTANBUL - Suburbs |
|
|
|
|
|
|
|
300,000 |
2,200 |
8.80% |
2,000 |
14.70 |
|
|
420,000 |
2,800 |
8.00% |
2,100 |
14.00 |
|
|
580,000 |
3,600 |
7.45% |
1,933 |
12.00 |
|
|
750,000 |
5,200 |
8.32% |
1,875 |
13.00 |
|
|
1,300,000 |
7,000 |
6.46% |
2,600 |
14.00 |
| |
|
|
|
|
|
Coastal Areas
|
|
|
|
|
|
|
|
60,000 |
800 |
16.00% |
1,000 |
13.30 |
|
|
90,000 |
1,000 |
13.33% |
1,125 |
12.50 |
|
|
140,000 |
1,600 |
13.71% |
1,400 |
16.00 |
|
|
180,000 |
2,000 |
13.33% |
1,500 |
16.70 |
|
|
240,000 |
2,600 |
13.00% |
1,200 |
13.00 |
|
|
380,000 |
4,000 |
12.63% |
1,267 |
13.30 |
|
