Turkey Real Estate Market Overview Half Year 2022

RECENT PERFORMANCE

11,00%

-30,00% -20,00% -10,00% 0,00% 10,00% 20,00% 30,00%

9,00%

Rental Growth (y/y)

7,00%

Yields

5,00%

3,00%

Jun 09 Jun 10 Jun 11 Jun 12 Jun 13 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18 Jun 19 Jun 20 Jun 21 Jun 22

Yield - Country Average Yield - Prime Rental Growth - Prime Rental Growth - Country Average

PRIME RETAIL RENTS – JUNE 2022

HIGH STREET SHOPS

TRY GROWTH % SQ.M/MTH SQ.M/MTH SQ.M/YR SQ.FT/YR 1YR 5YR CAGR US$ € US$

1,410

Istanbul

90

1,083

100

0.00 -16.37

705

Izmir

45

542

50

0.00 -14.76

860

Ankara

55

661

61

-8.33 -16.44

PRIME RETAIL YIELDS – JUNE 2022

CURRENT

LAST

LAST

10 YEAR

HIGH STREET SHOPS (FIGURES ARE GROSS, %)

Q

Q

Y

HIGH LOW

Istanbul

7.25

7.25

7.50

7.50 5.80

Izmir

8.25

8.25

8.50

10.25 7.50

Ankara

8.25

8.25

8.50

9.75 7.00

CURRENT

LAST

LAST

10 YEAR

SHOPPING CENTRES (FIGURES ARE GROSS, %)

Q

Q

Y

HIGH LOW

Turkey

8.50

8.00

8.00

8.50

7.00

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