Referring to the data obtained from the latest Toplumun Görünümü 2023 Kent ve Konut raporu report, the media writes that the largest number of tenants in Turkey is concentrated in Istanbul. 37% of the tenants are in this city, where not everyone who wants to live here can afford to buy their own home.
As you know, the average cost of a housing unit in December 2023 in Istanbul was over TL 3 million, and the average size was 130 sq. m. The further east of the metropolis people are, the more spacious housing they prefer to choose. The share of Istanbul families who believe that their housing is insufficient was 82.6%.
Thus, buying a home in Istanbul is always profitable, and especially for renting, as well as buying a land plot, which is also steadily increasing in price. Foreigners can purchase a land plot in Turkey with few restrictions as well.
Rentals on Istanbul's key shopping streets are growing rapidly, and office rental rates are also steadily rising. In addition to offices, warehouse rentals have risen in price not only in this metropolis, but also in many commercial and industrial cities that are the economic centres of Turkey and/or located near the country's key transport arteries.