According to a survey conducted by the Turkish Data Processing Center (TUVİMER), which operates in the Techno Park of Yildiz Technical University, the return period of the rent paid to the residence in Istanbul was calculated to be 22 years in average. In Istanbul, where depreciation periods have increased rapidly in recent years, the rental return period of luxury houses is much higher than the average period.
The Fastest Return
Esenyurt, Beylikdüzü, Avcılar, Sultanbeyli and Sultangazi are the most lucrative districtsof Istanbul in terms of the return of housing. The average of these five counties is calculated as 19 years with 17 years in Esenyurt and Beylikdüzü, 19 years in Avcılar, 21 years in Sultanbeyli and 22 years in Sultangazi. Hence, these counties are new trend for a good investment.
The Latest Return
The 5 counties with latest average length of housing depreciation in Istanbul is 31 years. Beykoz is in the first place with 37.5 years and it is followed by Sarıyer, Bakırköy and Besiktas with 32 years. On the list, Şişli ranks fifth with 25.5 years.
"Amortization time is fast"
TÜVİMER Strategy and Business Development Director Ömer Türkoğlu, who is in the evaluations of the research, noted that as a result of the examination, they reached the right ratio between the square meter of the house and the turnaround time of the rents. "As the prices increase, the turnaround times also increase. The rent return period is shortened in small homes,“ he said.