Average Rental Value Increase Across Turkey 55%
According to the analysis of the index, the expected rental value increase between 20% and 25% in the projection according to inflation rate was 55% across Turkey

The importance of the need for housing, which is at the top of our most basic needs with the pandemic effect that we began to feel in our country in early 2019, once again came to the fore. With the expansion of work from home, the demand for larger, and preferably garden and detached houses has increased. At the same time, housing production slowed down due to the increase in new housing production costs, and housing sales and rental values increased. We observe that this effect is in this way not only in our country, but all over the world.

Due to the increase in rents, relocations on the rental housing side decreased, hence the stock of rental housing fell. Since time immemorial, people living in the same dwelling will rent a new house at a higher price than the existing rent costs, so mobility has decreased, except for the necessity on the rent side. This led to a decrease in stocks.

Indexsa.com Founding Partner and General Manager Görkem Öğüt said, “The rate of increase in rents is quite high. According to the inflation rate, we expect to take place between 20% and 25% in projections, the housing rent increase is 55% across Turkey while Istanbul, Ankara, Izmir, Bursa and Antalya averages 73% took place at the level. This increase has become a major problem for tenants. Recently, people in search of housing for rent have both difficulty finding housing due to the shortage of inventories, and are surprised and angry about the required costs for the housing they find, “he said.

3-Year Rental Values and Value Change by Provincial

Province

Unit

Rent

2018

(TL/m2)

Unit

Rent

2020

(TL/m2)

Unit

Rent

2021

(TL/m2)

1 Year

Crescendo

(%)

3 Years

Crescendo

(%)

Rent

2018

(TL)

Rent

2020

(TL)

Rent

2021

(TL)

Adana

6.97

10

16.67

67

139

906

1.300

2.167

Adiyaman

4,17

6.59

10.71

63

157

584

923

1.499

Afyonkarahisar

5,95

7,14

12.5

75

110

714

857

1,500

soreness

4,62

6.88

8.48

23

84

601

894

1.102

Amasya

5.22

6.67

10.71

61

105

626

800

1.285

Ankara

8.52

10.71

16.25

52

91

1.108

1.392

2.113

Antalya

7,92

14.58

25,81

77

226

871

1.604

2.839

Artvin

5

6.07

11.04

82

121

700

850

1.546

Aydın

7.5

10.75

15.52

44

107

825

1.183

1.707

Balikesir

7.5

10

15.29

53

104

750

1,000

1.529

Bilecik

5,45

6.67

10,62

59

95

600

734

1.168

Bingol

4

5,83

8.85

52

121

480

700

1,062

Bitlis

4,51

7.39

10.98

49

143

586

961

1.427

Bolu

6.25

7,63

11.95

57

91

688

839

1.315

Burdur

6.87

9.09

13.33

47

94

687

909

1.333

Bursa

9.06

10.42

15.71

51

73

1.133

1.303

1.964

Canakkale

8,93

11.11

16.67

50

87

893

1.111

1.667

Çankırı

5.69

6.69

8.48

27

49

711

836

1.060

Corum

5

5,94

8

35

60

675

802

1.080

Denizli

6.34

8.57

16

87

152

761

1.028

1.920

Diyarbakir

5,18

7.02

14.32

104

176

829

1.123

2.291

Edirne

7,25

12.95

16.67

29

130

725

1.295

1.667

Elazig

5.06

6,15

9,33

52

84

708

861

1.306

Erzincan

5,12

7.1

11.72

65

129

640

888

1,465

Erzurum

5.44

5,83

8.48

45

56

816

875

1.272

Eskisehir

7.2

9.48

14.62

54

103

720

948

1.462

Gaziantep

6.86

10.08

18

79

162

892

1.310

2.340

Giresun

5,89

7,19

10.45

45

77

766

935

1.359

Gümüşhane

6.11

7.69

8.97

17

47

764

961

1.121

Hatay

5,83

6.96

11,19

61

92

816

974

1.567

Isparta

6.9

8.46

17.24

104

150

828

1.015

2,069

Myrtle

6,93

8.84

16.88

91

144

901

1.149

2.194

Istanbul

17.14

18.5

33.33

80

94

1.885

2.035

3.666

Smyrna

11.36

14.35

21.38

49

88

1.250

1.579

2.352

Kars

4.5

11.67

11.92

2

165

450

1.167

1.192

Kastamonu

5.5

6.67

10.42

56

89

660

800

1.250

Kayseri

4.55

5.52

11.36

106

150

683

828

1.704

Kırklareli

6.94

8.57

12

40

73

763

943

1.320

Kirsehir

4.58

5,31

9,17

73

100

641

743

1.284

Kocaeli

7.5

8.7

14.09

62

88

863

1.001

1.620

Konya

6.29

7,26

11.07

52

76

849

980

1.494

Kütahya

5,62

7.5

11.31

51

101

618

825

1.244

Malatya

4.29

6.3

11.05

75

158

644

945

1.658

Manisa

7.5

9.2

12.8

39

71

825

1.012

1.408

Kahramanmaras

4.58

6.67

13.64

104

198

550

800

1.637

Mardin

3,95

6.25

9.52

52

141

593

938

1.428

Mugla

14.42

19.23

31.25

63

117

1.586

2.115

3.438

Mus

4

5.5

11.97

118

199

600

825

1.796

Nevsehir

4.55

7.01

18,33

161

303

592

911

2.383

Niğde

4.33

4.88

6.67

37

54

628

708

967

Army

6.4

7.5

10.77

44

68

832

975

1,400

Rize

6.67

8.57

11.02

29

65

867

1.114

1.433

Sakarya

7,25

9

15.71

75

117

798

990

1.728

Samsun

6.3

8.33

13.33

6

112

756

1,000

1,600

Siirt

4,92

5.88

8.62

47

75

738

882

1,293

Sinop

7.06

10

13.33

33

89

777

1.100

1,466

Sivas

5.68

6.03

7.82

30

38

767

814

1.056

Tekirdag

6.88

8,18

15.67

92

128

791

941

1.802

slaps

5,89

7.4

9.67

31

64

766

962

1.257

Trabzon

5.47

7.07

10.42

47

90

793

1.025

1.511

Sanliurfa

5,48

7,41

12,14

64

122

822

1.112

1.821

Usak

5.56

8.11

13.33

64

140

612

892

1,466

Van

6.39

9.38

13.33

42

109

639

938

1.333

Yozgat

5,45

7.07

11.11

57

104

709

919

1.444

Zonguldak

7.07

8.33

12.73

53

80

778

916

1,400

Aksaray

4,46

5,76

9.38

63

110

669

864

1.407

Bayburt

4.67

7.69

9.05

18

94

584

961

1.131

Karaman

5.06

5,84

10

71

98

658

759

1.300

Kirikkale

5,73

6.21

8

29

40

745

807

1.040

Batman

4.77

7,14

14.81

107

210

620

928

1.925

Şırnak

4,17

6.11

6.82

12

64

667

978

1,091

Bartin

6.25

7.5

11.59

55

85

625

750

1.159

Ardahan

5

8.24

8.52

3

70

550

906

937

Igdir

4,83

8.8

10.32

17

114

676

1.232

1,445

Yalova

8.85

11.58

18,82

63

113

1,062

1.390

2.258

Karabük

5,96

7.06

9,33

32

57

656

777

1.026

Kilis

4,85

9,31

11.43

23

136

679

1.303

1,600

Osmaniye

4,35

5.98

10

67

130

522

718

1,200

Duzce

6.25

7,53

12.5

66

100

625

753

1.250

Recommendations

Endeksa Updates Begins New Era in Real Estate Analysis

Nov 4, 2025

Endeksa Updates Begins New Era in Real Estate Analysis

As we continue the real estate industry's digital transformation at a rapid pace, we at Endeksa have taken a big step towards delivering the smartest, fastest and easiest analytics experience to our users.
Read more
Many Developments on the Agenda in the Housing Market Shrinking by 17% in 2023

Feb 9, 2024

Many Developments on the Agenda in the Housing Market Shrinking by 17% in 2023

Endeksa, which provides real estate value estimation using big data analysis and artificial intelligence methods, enabling users to sell real estate with confidence, evaluated real estate sales in 2023 and shared its expectations for housing prices in 2024.
Read more
Endeksa Assesses the Situation in Residential Sales with Credit: What awaits the Market in 2024

Jan 31, 2024

Endeksa Assesses the Situation in Residential Sales with Credit: What awaits the Market in 2024

Endeksa assessed the housing sales trends and the reasons behind market fluctuations in 2023. According to their evaluation, there was a 37% decrease in mortgage-based home sales compared to the previous year. With the anticipated enactment of a new credit support package, analyses indicate that the housing market is poised for an upward trend in both sales volume and homeownership percentage in 2024.
Read more
13 October World Housing Day

Oct 13, 2023

13 October World Housing Day

World Housing Day is an important day celebrated every year on October 13, by a resolution of the United Nations General Assembly in 1985. This special day highlights the role of housing in the human rights framework and promotes increased access to quality housing. The housing sector in Turkey continues to grow rapidly, as a concrete example of efforts in this regard.
Read more
Price Increase in Luxury Housing Cut Speed in Turkiye

Sep 1, 2023

Price Increase in Luxury Housing Cut Speed in Turkiye

Offering real estate value calculations using big data analysis and artificial intelligence methods and allowing users to sell real estate safely, Endeksa examined value change by dividing residences in Istanbul into two segments according to their characteristics. According to the analysis of Endeksa, the value increase in housing in the upper segment occurred significantly below the average.
Read more