Attractive districts for investors revealed! Here are Istanbul's 'golden' districts

The age of homes in Istanbul's popular neighborhoods is extending the amortization period. In districts with the highest property values, such as Beşiktaş, Şişli, and Sarıyer, the return period exceeds 30 years, making alternative regions with intensive new housing construction more attractive to investors.

According to Endeksa data, there are many neighborhoods in the districts of Esenyurt, Eyüpsultan, Kağıthane, Pendik, Maltepe, Kartal, and Çekmeköy where the average amortization period ranges between 11 and 13 years.

The neighborhoods with the highest rental yields in these districts are as follows:

Esenyurt

Amortization period: 11-12 years

Average rent: 12-13 thousand TL

Annual rental yield: 8-9 percent

Esenyurt, which has earned the title of Turkey's most populous district due to its rapid development in recent years, also stands out as the district in Istanbul with low housing amortization periods.

In the Mehterçeşme, Örnek, Talatpaşa, and Yenikent neighborhoods, the amortization period is 11 years; the average rent is in the 12-13 thousand TL range, and the annual rental yield is at the 9 percent level. In most of Esenyurt's neighborhoods, amortization periods are 12 years, with annual yield rates ranging between 8 and 9 percent.

However, despite this shortness in amortization periods, Esenyurt is viewed by some investors as a risky region for investment due to its heterogeneous demographic structure.

Kağıthane

Amortization period: 11 years

Average rent: 21-22 thousand TL

Annual rental yield: 9 percent

The Kağıthane district is another region in Istanbul rapidly gaining value due to its central location and developing transportation network. The fact that new metro lines pass through the district, in particular, makes Kağıthane attractive for investors.

In the district, the amortization period in the Çağlayan and Telsizler neighborhoods is 11 years, and the annual rental yield is 9 percent. Average rent rates in Çağlayan are around 22 thousand TL, and around 21 thousand TL in Telsizler.

Eyüpsultan

Amortization period: 11, 13 years

Average rent: 22-24 thousand TL

Annual rental yield: 7-8-9 percent

In Eyüpsultan, where intensive urban transformation projects have been implemented in recent years, housing values have increased in many neighborhoods thanks to these projects. In the Esentepe and Emniyettepe neighborhoods, amortization periods are 11 years, and the annual rental yield is calculated at 9 percent.

Esentepe is also the neighborhood in the district that has increased in value the most over a 5-year period. Rents here have increased by 1688 percent since October 2019, reaching 22 thousand TL.

In the Güzeltepe, Çırçır, Karadolap, Alibeyköy, and Merkez neighborhoods, which were declared urban transformation zones in 2016, the amortization period is 13 years, and the annual yield rate is between 7 and 8 percent. Average rents in these neighborhoods range between 22 thousand TL and 24 thousand TL.

Kadıköy

Amortization period: 11-12-13 years

Annual rental yield: 8-9 percent

The return on housing in Kadıköy, one of the city's most established districts, has also been a subject of curiosity in recent years. The neighborhood with the shortest amortization period in Kadıköy is Ramipaşa, with 11 years. The annual yield rate in this neighborhood is 9 percent.

The amortization periods for the Dumlupınar and Hasanpaşa neighborhoods are 12 and 13 years, respectively, and the annual yield rate is 8 percent.

In Fikirtepe, which has been the subject of criticism by some urban planning circles due to its high-rise residential projects, the amortization period is 14 years.

The neighborhoods in Kadıköy with the highest amortization periods are Caddebostan, Fenerbahçe, Zühtüpaşa, and Koşuyolu. Amortization periods in these neighborhoods range between 19 and 22 years; the highest average rents are 88 thousand TL in Caddebostan and 78 thousand TL in Fenerbahçe.

Çekmeköy

Amortization period: 11 years

Average rent: 26 thousand TL

Annual rental yield: 9 percent

Çekmeköy, where newly developing housing projects are concentrated on the Anatolian side, also draws attention with its low amortization periods. Nişantepe Neighborhood, in particular, with its new site-type housing, is a focal point for investors with an 11-year amortization period and a 9 percent annual rental yield.

Nişantepe also stands out as the region in Çekmeköy where rents have increased the most over a 5-year period. Average rent prices in the neighborhood have increased by 2681 percent compared to October 2019, reaching around 26 thousand TL. This rate is the highest rent increase rate recorded across Istanbul in the same time frame.

Kartal

Amortization period: 13 years

Average rent: 24-31 thousand TL

Annual rental yield: 8 percent

Kartal, which draws attention on the Anatolian Side both with its proximity to business centers and metro lines and with its developing housing projects, is one of the districts offering suitable opportunities for those who want to own a home in Istanbul.

For example, the amortization period in the Uğur Mumcu, Yalı, and Soğanlık Yeni neighborhoods is recorded as 13 years. In these neighborhoods, where the annual rental yield is 8 percent, rents average 31 thousand TL in Soğanlık Yeni, 30 thousand TL in Yalı, and 24 thousand TL in Uğur Mumcu.

Maltepe

Amortization period: 11 years

Annual rental yield: 7-8 percent

Another district on the Anatolian Side that is receiving migration as a new center of attraction is Maltepe. The amortization period in the Zümrütevler Neighborhood is calculated as 11 years, and the annual yield rate as 8 percent. In the Çınar, Girne, and Zümrütevler neighborhoods, the amortization period is 13 years, and the annual rental yield rate ranges between 7 and 8 percent.

The diversification of housing projects in the region and Maltepe's location on the coastline offer great opportunities to investors in terms of both rental yield and value appreciation.

Pendik

Amortization period: 11-13 years

Average rent: 25 thousand TL

Annual rental yield: 8 percent

Pendik is another region on the eastern side of Istanbul that is developing rapidly and drawing attention with its attractive housing projects. The amortization periods in the district offer advantageous conditions for investors.

In the Yenişehir, Kurtköy, Şeyhli, Velibaba, Harmandere, Yayalar, Fevzi Çakmak, Çamçeşme, and Orhangazi neighborhoods, the average amortization period is 13 years, and the annual rental yield is around 8 percent.

Kurtköy, which is a preferred location due to its proximity to the airport, stands out as the neighborhood in Pendik where rental housing prices have increased the most within 5 years. Accordingly, rental housing prices in Kurtköy have increased by 2021 percent since October 2019, reaching 25 thousand TL.