REIDIN.com INDEXFocus Turkey March 2009 Real Estate Sector Analysis - Residential

posted @ 12:00am, Wednesday 15 April 2009.



REIDIN.com INDEXFocus Turkey
March 2009 Real Estate Sector Analysis - Residential


Volume:     4
Date:        April 15, 2009
Location:    Istanbul, Dubai, London

The monthly and yearly earning yields of residential real estates in 6 large cities of Turkey (Adana, Ankara, Bursa, Istanbul, Izmir and Kocaeli) for the period March 2009 were calculated by using the "monthly price/square meter median sales and rent values" compiled by REIDIN.COM and weighed according to the populations in these cities.

When the residential real estate investments and the financial investment instruments are adjusted by inflation rate according to the Consumer Price Index (CPI), it is seen that the investment instrument having the highest monthly real return is the Euro.

When adjusted by inflation rate according to the Consumer Price Index, the residential real estate investments caused a loss to the investors in real terms in March 2009. Accordingly, the rate of loss in real terms is 0.54% in Adana, 0.56% in Ankara, 0.56% in Bursa, 0.56% in Istanbul, 0.62% in Izmir and 0.56% in Kocaeli on monthly basis.

When adjusted by inflation rate according to the Consumer Price Index (1.10%), the monthly real profit rate of investors of Euro, US Dollar and Gold (ingot) were 3.86%, 1.78%, and 0.30% respectively, while the Deposit Interest Rate and the Istanbul Stock Exchange (ISE-100 Index) posted losses of 0.11% and 4.67% respectively.

 

The residential sales prices in Turkey's major 6 cities fell at significant rates in March compared to February of this year.  During that period, residential sales price fell 3.78% in Izmir, 1.40% in Ankara, 1.29% in Kocaeli, 0.74% in Adana, 0.46% in Bursa and 0.43% in Istanbul.


 The residential rent prices fell 6.21% in Kocaeli, 3.47% in Istanbul, 2.58% in Bursa, 1.35% in Adana and 0.67% in Izmir. Ankara was also the only city that the rent prices did not change during that period.

 

More information is available at indexfocus.reidin.com

About REIDIN.com INDEXFocus:
Currently available for Turkey only – soon covering other major Emerging Markets.

INDEXFocus is a tool which enables users to establish house price differentials, conduct property valuation and perform multiple simultaneous market analyses. It also introduces REIDIN.com's exclusive Automated Valuation Model (AVM) covering residential real estate markets (currently in six major Turkish cities); the first AVM of its kind for an emerging Country.

This patent-pending AVM is has been developed by REIDIN.com using our vast experience and network in the real estate sectors in the emerging markets.

About REIDIN.com:

About REIDIN.com INDEXFocus:
Currently available for Turkey only – soon covering other major Emerging Markets.

INDEXFocus is a tool which enables users to establish house price differentials, conduct property valuation and perform multiple simultaneous market analyses. It also introduces REIDIN.com's exclusive Automated Valuation Model (AVM) covering residential real estate markets (currently in six major Turkish cities); the first AVM of its kind for an emerging Country.

This patent-pending AVM is has been developed by REIDIN.com using our vast experience and network in the real estate sectors in the emerging markets.

About REIDIN.com:

REIDIN.com is the world’s first online information service providing a range of intelligence products dedicated to meeting the unique requirements of Real Estate market professionals interested in developing economies.

REIDIN.com serves Developers and Builders, Investors and Lenders, Designers, Marketing Managers, Government Institutions, Tenants and Occupants: End-users, Sellers, Buyers and Landlords, Property and Asset Managers, Lawyers… through offices in Dubai, Pune, Hangzhou, Hong Kong, Istanbul and London.

Our products:
• REBIS:  Our flagship product covers 48 emerging countries – News, Research, Analysis, Projects, Malls, Macro Data, Legal, Companies, Market Data….

• DUBAIFocus: A very special and comprehensive intelligence service reporting on all Real Estate Transactions in Dubai registered by DLD since 1973 till today. Powered by Google Maps, analytical tools, in depth data mining functions…

• INDEXFocus: A vertical product of REIDIN.com covering Turkey only for now as a test bed - soon all other emerging countries. A monthly updated live real estate index with a powerful Automated Real Estate Valuation Tool, first ever developed for any Emerging Market.

• RETAILFocus: a product delivering an ever-growing database of malls, shopping centers, tenants, projects and retail real estate deals along with retail real estate news and research reports.

 


For further information please contact us at:

Ms. Zeynep Aynagoz
zaynagoz@reidin.com
REIDIN.com 
Istanbul - Turkey

Mrs. Nida Rizvi
nrizvi@reidin.com
REIDIN.com
Dubai-UAE

Mr. Charlie Nixon
cnixon@reidin.com
REIDIN.com
Hong Kong - GCN