What is the Rent Multiplier for People Which is Invest in Turkey?

You can look at what is the rent multiplier to understand how advantageous a house is for investment.

The rent multiplier is the calculation of how long the amortization period is in terms of the rental income of a house. The rent multiplier is calculated by dividing the house price by the monthly rental income. It tells you how long you can get your investment back by renting.

The rent multiplier is also known as the home price rental rate. It is calculated in two ways as annual rental multiplier and monthly rental multiplier. In the table below, you can see the rental multipliers calculated for 3 different houses.

 

Calculating the rent multiplier
House price for sale House 1 House 2 House 3
500,000 TL 700,000 TL 1.000.000 TL
Monthly rental fee 1,250 TL 2,500 TL 4,000 TL
Rent multiplier (monthly) 400 280 250
Rent multiplier (yearly) 33 23 21

 

What are the favorite investment places of Istanbul?

The table below shows how many people in Istanbul have gained and lost in the past year according to their average square meter prices in a year until April 2018 for those who ask the question of where to invest in Istanbul.

 

Average square meter prices of apartments for sale in Istanbul
Istanbul districts April 2018 square meter price 12-month average square meter price Annual rate of change
Adalar 4551 TL 5327 TL %-12,70
Arnavutkoy 2569 TL 2222 TL %15,72
Atasehir 4894 TL 5268 TL %-8,39
Avcılar 2566 TL 2453 TL %5,42
Bagcılar 4607 TL 3360 TL %40,63
Bahcelievler 3556 TL 3055 TL %17,67
Bakırkoy 3684 TL 8804 TL %-59,39
Basaksehir 3207 TL 3255 TL %2,85
Bayrampasa 3295 TL 3360 TL %-8,75
Besiktas 6135 TL 18478 TL %-66,05
Beykoz 3969 TL 9726 TL %-61,69
Beylikduzu 3195 TL 2534 TL %31,05
Beyoglu 5922 TL 5170 TL %22,48
Buyukcekmece 3468 TL 2932 TL %26,34
Catalca 2581 TL 2385 TL %8,13
Cekmekoy 3462 TL 2996 TL %18,97
Esenler 2742 TL 2667 TL %2,54
Esenyurt 2784 TL 2062 TL %37,96
Eyup 6139 TL 7092 TL %-18,57
Fatih 3608 TL 3928 TL %-8,59
Gaziosmanpasa 2588 TL 3284 TL %-35,77
Gungoren 2836 TL 2880 TL %0,11
Kadıkoy 7084 TL 7837 TL %-9,37
Kagıthane 3779 TL 3614 TL %6,36
Kartal 3111 TL 3454 TL %-4,34
Kucukcekmece 4902 TL 4127 TL %19,62
Maltepe 3974 TL 4020 TL %0,86
Pendik 3276 TL 2958 TL %12,19
Sancaktepe 3571 TL 2423 TL %48,85
Sarıyer 7003 TL 9400 TL %-27,83
Silivri 2407 TL 2268 TL %12,16
Sultanbeyli 3108 TL 2986 TL %0,75
Sultangazi 2769 TL 2420 TL %18,94
Sile 3354 TL 3406 TL %5,97
Sisli 5451 TL 5797 TL %-4,17
Tuzla 3687 TL 2830 TL %38,56
Umraniye 3747 TL 3573 TL %7,61
Uskudar 5377 TL 5000 TL %8,43
Zeytinburnu 3653 TL 3681 TL %9,04

 

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