In 2019, the Average of The Rent of Housing decreased to 1,286 TL!

Hurriyet Emlak, which brings the real estate sector together under one roof, prepared in cooperation with the technology-oriented real estate valuation platform Endeksa.com the 4th quarter results of the rental Endeksa were announced. According to the Endeksa results, the rent Endeksa across Turkey is the 4th year of 2019. down 0.64 points in the quarter and 8.86 points for the whole of the year. In the last quarter of the year, the rental Endeksa continued to decline in Istanbul, while in Ankara, Izmir, Bursa and Antalya. Antalya was the province with the largest rent Endeksa among 5 major provinces. The rental Endeksa in Antalya increased by 13.51 points compared to the previous quarter. According to the Endeksa results, the 4th-century man in Istanbul. the rental Endeksa, which has fallen 0.58 points in the quarter and 5.85 points since the beginning of the year, is expected to increase by 0.67 points in the next 6 months. The average unit rent per square meter in Istanbul was 15 TL, the average rent was 1,503 TL and the average return time of the investment was around 22 years.

Shortest return time is in 1+1!

When the rents were examined according to the type of housing in Turkey, it was seen that the unit rent price was 1+1's, which was the highest and the return time was the shortest. The year 4, 2019. As of the end of the quarter, the average return period of 1+1 houses was 16 years, 2+1 houses were 18 years, and 3+1 and 4+1 houses were 20 years.

Unit rent and return times by type of housing

Most women looking for a house for rent

Looking at the rental housing search trends in the fourth quarter, women were seen searching more than men. In the fourth quarter, 57% of those looking for rental housing were women and 43% were men. Yaş dağılımına bakıldığında en fazla 25-34 yaş, daha sonra 34-44 yaş aralığının arama yaptığı dikkat çekti.

Gender distribution of 4th quarter rental home seekers

Age distribution of 4th quarter rental home seekers

The regions with the most rental searches in the 4th quarter were Istanbul Kadikoy, Ankara Çankaya, Istanbul Beylikdüzü, Istanbul Besiktas and Istanbul Üsküdar respectively. The average rent of the 1+0, which is most viewed in search of rental houses in Istanbul, is in the range of 1,000-500 TL; 1+1 and 2+1's were in the range of 1,000-1,500 TL and 3+1s were in the range of 2,500-5,000 TL.

In the depreciation periods, Agri and Kars were at the top of the list with the shortest return period with 13 years on a provincial basis. Hakkari and Kilis followed Agri and Kars with a 14-year depreciation period and Gaziantep with a 15-year return period.

Average return times on a provincial basis

Mugla was ranked first with an average rent of 1.734 TL on the basis of the province, followed by Mugla with Antalya with 1.502 TL, Izmir with 1.495 TL, Istanbul with 1.487 TL and Gaziantep with 1.370 TL.

Average rent on a provincial basis

Potential buyers take action

Zeynep Tandoğan, Vice Chairman of Hürriyet Real Estate Board and Co-General Manager for Commercial Affairs, commented on the data for 2019, along with the last quarter of the rate of decline in the rental Endeksa, which declined by 8.86 points during 2019. he said he was in decline. Tandogan expressed that this decline will leave its place in the first half of this year to increase, "We expect the rental Endeksa to rise by 0.9 points in the first half of the year. Falling mortgage rates have prompted potential buyers. We expect this interest in for sale dwellings to increase the demand for rental housing and the rental Endeksa will rise in the medium term." Tandogan, continued: "With interest rates falling by up to 0.79 percent in zero houses, the demand for particularly zero houses has increased. 1.5 million units of sales are expected in the residence this year. In light of these developments, we believe that the real estate sector will continue to be a shining star for foreign and Turkish investors again."

We expect an increase in rental and sales values

Görkem Öğüt, Co-Founder and General Manager of real estate valuation platform Indexa.com, said of the report: "2019 was a year in which both house sales prices and rental prices declined throughout Turkey. When we evaluate our data, we anticipate that prices will not go back further and will rise. When we look at the sales volumes, we see that the real estate sector is starting to blow a positive mood with the mortgage interest rate cut that took place after the second half of the year. The current sales figures show this very clearly to us. More than 200,000 houses were sold across Turkey in December. We can say that number is a record. We believe that the positive process will continue in 2020 with the measures and practices taken and that housing sales will rise."

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