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

posted @ 12:00am, Friday 17 July 2009.

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

Volume: 7
Date: July 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 June 2009 were calculated by using the "monthly price/square meter median sales and rent values" compiled by REIDIN.COM and weighted 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 ISE-100 Index. 

When adjusted by inflation rate according to the Consumer Price Index, the residential real estate investments caused a profit to the investors in real terms in June 2009. Accordingly, the rate of profit in real terms is 0.48% in Adana, 0.41% in Ankara, 0.40% in Bursa, 0.45% in Istanbul, 0.33% in Izmir and 0.40% in Kocaeli on monthly basis. 

When adjusted by inflation rate according to the Consumer Price Index (0.11%), the monthly real profit rate of investors of the Deposit Interest Rate, Gold (ingot), the Istanbul Stock Exchange (ISE-100 Index) and Euro were 0.78%, 1.09%, 3.89% and 1.99% respectively, while US Dollar posted loss of 0.81%.



 

The residential sales prices increased 2.91% in Bursa, 2.49% in Izmir, 2.38% in Ankara, 1.53% in Kocaeli, 1.48% in Adana, and 1.28% in Istanbul. 
 


The residential rent prices increased 0.94% in Adana, 0.64% in Izmir, 0.45% in Istanbul, 0.25% in Kocaeli and 0.21% in Bursa. Ankara was the only city that the rent prices fell 0.23% 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

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