Real Estate Rental Prices in Bursa Türkiye

Real Estate Rental Prices in Bursa Türkiye. Bursa, Turkey, is an attractive location for real estate investment and rental properties, offering a mix of modern amenities, rich history, and natural beauty. In this article from Ebla Real Estate, we will talk about the real estate rental prices in Bursa Türkiye.

Table of Contents

Real estate rental prices rise in Bursa, Türkiye:

Bursa, Turkey, has experienced a noticeable rise in real estate rental prices, driven by several interrelated factors, including:

The increase in demand for housing in Bursa has led to a scarcity of available rental properties, driving prices upwards.

Additionally, financial inflation and the devaluation of the Turkish Lira have elevated living costs, prompting property owners to adjust rental rates to cover rising expenses.

Moreover, high construction costs, attributed to inflated material prices and escalating labor wages, further contribute to the upward trend in rental prices.

Real Estate Rental Prices in Bursa Türkiye:

Of course, real estate rental prices differ from one property to another and from one region to another. This difference is due to several reasons, including:

Location:

Real estate rental prices located in central and tourist areas or in new neighborhoods characterized by a service environment and advanced infrastructure are the highest due to the quality of their services and the high demand for them, while rental prices decrease in old suburban neighborhoods or in remote countryside.

Property type:

The type of the property plays a direct role in influencing real estate rental prices. Rents for luxury apartments, villas and luxury shops are high, unlike old apartments, houses and shops.

Property condition:

Certainly, rental prices for new and newly equipped properties in Bursa, Turkey, are more expensive than old properties, as apartments in modern residential complexes provide service facilities, amenities and luxury that also increase their value.

Property Area:

The property area, number of rooms and facilities contribute to determining the rental prices of properties in Bursa, Turkey. For example, the rent of a duplex apartment will be much higher than a studio apartment.