Rent Multiplier in Gayrettepe New Buildings is in Decline.

I have been working as a real estate agent in the Gayrettepe region for 3.5 years.
In the past period, I have completed more than 25 sales and 40 rental transactions.
Until the last year, the rent multiplier in Gayrettepe area apartments was 300.
This means: When you multiply the rental income of an apartment by 300, you reach the sales figure.
In the last year, the rent multiplier dropped from 300 to around 260.
The reason for this is that the demand for rental apartments is much higher than the demand for sale apartments.
The main reason why people stay away from flats for sale is the difficulty of accessing credit and the fact that deposit interest seems attractive from the outside.
The reason for the relatively high demand for rental apartments is people's short-term apartment needs due to urban transformation.
The second reason is that people prefer to rent rather than buy an apartment and keep their money in alternative investment channels.
In my opinion, the rent multiplier will remain around 260 in the Gayrettepe region in 2024.