Published 31 July 2026 · By Gökhan Arslan · 1 min read
How to Calculate Rental Yield in İstanbul
Gross yield can mislead — factor in service charges, tax and void periods.
Gross versus net
Gross yield is annual rent divided by purchase price. Net yield is what remains after service charges, property tax, insurance, maintenance and void periods. In İstanbul the gap between the two is typically 1.2 to 1.8 points.
A worked example
An apartment bought at 12,000,000 TRY and let at 55,000 TRY a month yields 5.5% gross. After charges, tax and a fortnight of vacancy, the net figure falls to 4.1%.
What to watch
Stock within 800 m of a metro line lets noticeably faster. Furnished lettings raise the gross figure but bring depreciation and refurbishment costs with them.