The return period of housing investment in Istanbul is 21 years. This time is almost the same as the world cities.
The average gross area of dwellings in Istanbul is 118 m2, the average unit price is 4.400 TL / m2 and the average house price is 517.000 TL. Compared to the rental price of the residence sale price, the return period in Istanbul is 21 years.
42 YEARS IN ROME
Istanbul is at the same level with the return times of Madrid, Copenhagen and Brussels, which Global Property Price reports, which provide real estate data and analysis all over the world. A world city in Istanbul real estate investment According to the report of Global Property Price world city The return period of housing investment in Rome is 42 years. This rate is 38 in Japan, 34 in New York, 33 in Berlin, and 31 in London and Moscow.
SIMILAR WITH PARIS
From the point of view of housing investment, Istanbul is similar to Paris with 26 years return time, Athens with 24 years, Amsterdam with 22 years and Dubai with 19 years. Considering Miami and San Francisco, where housing prices in Turkey are constantly compared, it seems that the return on housing investment in Miami is 11 years and 23 years in San Francisco.
ISTANBUL IS SIMILAR TO DUBAI
Istanbul resembles Dubai as the resumed return period.
In the meantime, Miami’s foremost return to investment is 11 years ahead of Miami. In San Francisco, where housing prices in Turkey are constantly compared, housing recycling is noted for 23 years.