posted @ 12:00am, Wednesday 23 July 2014.
posted @ 12:00am, Sunday 13 July 2014.
REIDIN.com Turkey Residential Property Price Indices: June 2014 Results
The residential sales prices for existing homes increased 1.24% in Turkey overall, 1.13% in Adana, 1.16% in Ankara, 1.11% in Antalya, 0.27% in Bursa, 1.54% in Istanbul, 0.84% in Izmir and 0.76% in Kocaeli during June 2014.
The residential rental prices for existing homes increased 1.18% in Turkey overall, 1.84% in Adana, 1.60% in Ankara, 2.30% in Antalya, 0.77% in Bursa, 0.93% in Istanbul, 1.59% in Izmir and 1.83% in Kocaeli during June 2014.
REIDIN-GYODER New Home Price Index: June 2014 Results
According to June 2014 results, REIDIN-GYODER New Home Price Index shows the decrease of 0.13% in 1+1 flat type; increase of 0.39% in 2+1 flat type; increase of 0.41% in 3+1 flat type and decrease of 0.07% in 4+1 flat type with respect to the previous month.
According to June 2014 results, REIDIN-GYODER New Home Price Index reveals that there is 0.07% decrease in 51-75sqm size; 0.14% increase in 76-100sqm; 0.33% increase in 101-125sqm size; 0.48% increase in 126-150sqm and 0.07% decrease in 151sqm and bigger sized properties with respect to the previous month.
According to the results of REIDIN-GYODER New Home Price Index, in June 2014 there is 0.34% increase with respect to the previous month and in compliance with June 2013 there is 12.05% increase.
According to June 2014 results of REIDIN-GYODER New Home Price Index, “Branded Projects” in Istanbul European side shows 0.37% increase and 0.43% increase in Asian side.
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posted @ 12:00am, Wednesday 9 July 2014.
A report by Moody's on Emaar Properties, one of Dubai's flagship property developers, includes a clutch of charts that show just how far the emirate has recovered from its 2009 crash and brush with bankruptcy.
The rating agency reckons that Emaar's domestic operations are growing briskly,l but points out that its international potential "remains unrealised". Yet the interesting part of the report are the data and charts on the emirate that Moody's has collected.
The first, all-important chart below shows the average apartment sale price in Dubai. Following a swift decline after Lehman Brothers' collapse rattled the global financial system, property prices have stabilised and rebounded to new highs.
Another big, interlinked contributor to the recovery has been the influx of Arab emigres and visitors, who now markedly outnumber the number of tourists coming from Asia and Europe (see second chart). This has been partly fuelled by the Arab Spring, as Dubai's laisser-faire attitude and stable politics have attracted Arabs escaping the turmoil in their own country.
Interestingly, the biggest growth in tourism numbers is from Saudi Arabia, Moody's notes, which is up from about 360,000 in 2008 to 1.1m in 2012. That is probably related to the ongoing protests and civil unrest in Bahrain, where Saudis have traditionally sought respite from the strict social mores of their own country.
Many of these visitors are clearly avid shoppers, as can be seen from the third chart, which shows the footfall at Dubai Mall – the emirate's flagship shopping centre. The number of shoppers visiting rose to 75m last year, and Dubai Mall is now being expanded to be able to cater for 100m annual visitors.
Of course, all these tourists need places to stay (aside from the luxury flats snapped up by the wealthier visitors). The emirate now has over 84,000 hotel rooms and hosted 11m visitors last year, according to Moody's. More rooms are coming online almost every day, as Dubai prepares to host the 2020 World Expo.
Of course, Dubai has been here before. Some analysts are beginning to fret that the emirate has already forgotten the lessons of 2009 as it has begun to unveil developments that echo the grandiosity of the pre-crisis years.
The stock market has corrected, but remains a third higher this year – the best performance of any stock market in the world in 2014 – and, depending on the gauge, property prices are either close to or above the 2008 peak.
- July 2014
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