REIDIN.com INDEXFocus Turkey January 2010 Real Estate Sector Analysis -Residential
posted @ 12:00am, Monday 15 February 2010.
The monthly earning yields of residential real estates in 7 large cities of Turkey (Adana, Ankara, Antalya, Bursa, Istanbul, Izmir and Kocaeli) for the period January 2010 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 Istanbul Stock Exchange (ISE-100 Index).
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 January 2010. Accordingly, the rate of loss in real terms is 1.29% in Adana, 1.32% in Ankara, 1.36% in Antalya, 1.33% in Bursa, 1.28% in Istanbul, 1.39% in Izmir and 1.32% in Kocaeli on monthly basis.
When adjusted by inflation rate according to the Consumer Price Index (1.85%), the monthly real loss rate of investors of the US Dollar, Euro, Gold (ingot) and Deposit Rate were 4.02%, 6.16%, 4.81% and 1.20% respectively, while Istanbul Stock Exchange (ISE-100 Index) posted profit of 6.23%.
The residential sales prices increased 0.34% in Adana, 0.24% in Ankara and 0.49% in Istanbul; on the other hand, prices were down 0.43% in Antalya, 0.55% in Bursa, 0.18% in Izmir and 0.24% in Kocaeli during January 2010.
The residential rent prices increased 0.97% in Adana, 0.12% in Ankara and 0.71% in Kocaeli; on the other hand, prices were down 1.30% in Antalya, 1.11% in Bursa, 0.15% in Istanbul and 0.82% in Izmir during January 2010.
REIDIN.com House Sales Price Index and Rent Index Figures:
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:
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.
Soon, 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:
Mr. Mete Varas
mvaras@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
First 'accurate' real estate index for Dubai shows property prices increased 0.7% in the final quarter of 2009
posted @ 12:00am, Thursday 4 February 2010.
Dubai property prices rose 0.7% in the final quarter of 2009, compared to the previous quarter, according to new research.
The figures from the new Sales Price Index for Dubai (SPID), which has been launched by REIDIN.com in partnership with the Real Estate Regulatory Agency and Dubai Land Department, is regarded as the emirate's first accurate property index that will be a benchmark for the industry.
Until now data has been hit and miss but this new index is aimed at providing the market with a series of indices and data sets that can help improve transparency across the market and help real estate professionals benchmark and analyse residential price trends.
According to the latest information, the price of villas rose by 2.6% during the fourth quarter but overall prices are down 19.7% in 2009 compared to the fourth quarter of 2008.
Some of the 10 main districts covered by the index included Palm Jumeirah, where prices showed an increase of 2 % quarter on quarter. However, the quarterly figures for both Emirates Hills and Jumeirah Lake Towers fell by 19% during the same period, the report shows.
'Ensuring the accuracy of market data and relevance to local market conditions is our top priority, which has prompted us to appoint an advisory committee, comprised of academicians and industry professionals from different emerging economies to monitor the quality of the indices,' explained Ahmet Kayhan, chief executive of REIDIN.com.
'Furthermore, we have established a Property Indices Oversight Committee to be responsible for reviewing and recommending changes in index policies and procedures, required data elements, qualifying properties, monthly index production review and taking of any other actions deemed necessary to assure index statistical integrity,' he added.
Meanwhile one of the UAE's most respected businessmen says that stabilisation and slow growth is the best prospect for Dubai's real estate sector. Habtoor Group founder Khalaf Al Habtoor, said he would like to see price increases of around 10% in the next three years.
'We don't want prices to rise, we want it to stabilise to give appetite to the people of this country, to the people visiting this country to buy and rent,' he said.
from Property Community
Launching INDEXFocus UAE: Access to real estate fundamentals
posted @ 12:00am, Sunday 31 January 2010.
REIDIN.com launches INDEXFocus-UAE' to improve
transparency across the market and help real estate professionals
Sales Price Index for
January 31, 2010 Dubai: The Sales Price Index for Dubai (SPID) - All Residential has risen by 0.7 per cent in the fourth quarter of 2009 as against Q3 2009 (base quarter 2003 Q1), according to figures released by REIDIN.com, the world's first and leading global online information services provider. The figures have been computed via the company's new online service - INDEXFocus-UAE', which is designed to allow accurate tracking of price fluctuations in the residential market. Launched in partnership with the Real Estate Regulatory Agency (RERA) and Dubai Land Department (DLD), the new service provides the market with a series of indices and data sets that can help improve transparency across the market and help real estate professionals' benchmark and analyse residential price trends.
INDEXFocus-UAE' takes the latest information from the
comprehensive database of REIDIN.com's proprietary real
estate indices and tools. According to the latest information released by the
company, the SPID - Villas (Base quarter 2003 Q1) in Dubai rose by 2.6 per cent
during the fourth quarter compared to the third in 2009, but has slid by 19.7 per cent versus the comparable period in
2008. Some of the 10 main districts covered by
INDEXFocus-UAE' include 'Palm Jumeriah', where SPI - All Residential
(Base quarter 2007Q1) increased by 2 per cent (Q4 versus Q3 2009). However, the
quarterly SPI for both 'Emirates Hills' and 'Jumeriah Lake Towers' fell by 19
per cent during the same period (Base quarter 2004 Q1).
"REIDIN.com's mission is to supply real estate
professionals with online information services and tools that improve
transparency across emerging markets, and INDEXFocus' is a significant step
towards the realisation of this goal," said Ahmet Kayhan, CEO, REIDIN.com.
"Given the dynamism of Dubai's property market, we are confident that INDEXFocus - UAE' will provide analysts, investors, financiers and other
real estate professionals with valuable market data analysis tools including
accurate residential property benchmarks and trend analysis to help them grow
their business. The unveiling of our latest offering in Dubai, following the
successful launch of INDEXFocus - Turkey, underlines the product's rapid
evolution, and we are pleased to announce that we are currently working on a
similar product for the Abu Dhabi market."
Similar to the Turkey Real Estate Indices
platform, which covers seven major cities of Istanbul, Ankara, Izmir, Izmit,
Bursa, Adana and Antalya), INDEXFocus' compares house price indices with
commodity prices (such as oil and gold), financial and economic indicators
(such as inflation and interest rates) which are relevant to the real estate
industry. The Dubai indices and calculations are based primarily on transaction
records from DLD (powered by DUBAIFocus', REIDIN.com's exclusive online
information product for analysing real estate transactions in Dubai) and
Property Listings through its partnership with RERA, using a proprietary moving
average median series methodology solely developed in-house by REIDIN.com. The
main districts and major communities/projects covered by INDEXFocus-UAE' include about 7 city-wide indices and a total of 19 district and
project-based indices - 'Business Bay', 'Downtown', 'Dubai Marina', 'Jumeirah
Beach Residence', and 'The Greens', among others.
"Ensuring the accuracy of market data and relevance
to local market conditions is our top priority, which has prompted us to
appoint an advisory committee, comprised of academicians and industry
professionals from different emerging economies to monitor the quality of the
indices. Furthermore, we have established a Property Indices Oversight
Committee to be responsible for reviewing and recommending changes in index
policies and procedures, required data elements, qualifying properties, monthly
index production review and taking of any other actions deemed necessary to
assure index statistical integrity," concluded Kayhan
To know more about INDEXFocus , please contact your
nearest REIDIN.com office.
About REIDIN.com (www.reidin.com )
REIDIN.com is an online
information company providing a range of intelligence products dedicated to
meeting the unique requirements of real estate market professionals interested
in Emerging markets.
REIDIN.com services are used
REIDIN.com provides hard
to find proprietary
Moreover, to cater to
the specific demands of
