REIDIN.com INDEXFocus Turkey November 2009 Real Estate Sector Analysis - Residential
posted @ 12:00am, Tuesday 15 December 2009.
Volume: 12
Date: December
15, 2009
Location:
The monthly and yearly earning yields of residential real
estates in 7 large cities of Turkey (Adana, Ankara, Antalya, Bursa, Istanbul,
Izmir and Kocaeli) for the period November 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 Gold.
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 November 2009. Accordingly, the rate of loss in real terms is
0.73% in Adana, 0.76% in Ankara, 0.79% in Antalya, 0.76% in Bursa, 0.71% in
Istanbul, 0.82% in Izmir and 0.77% in Kocaeli on monthly basis.
When adjusted by inflation rate according to the Consumer Price
Index (1.27%), the monthly real profit rate of investors of the Gold (ingot),
US Dollar and Euro were 6.74%, 0.03% and 0.52% respectively, while Istanbul
Stock Exchange (ISE-100 Index) and the Deposite Rate posted loss of 6.88% and
0.62% respectively.
The residential sales prices increased 2.29% in
The residential rent prices only increased 1.93% in Kocaeli. On
the other hand, the residential rent prices decreased 3.13% in
REIDIN.com House Sales Price Index and Rent Index Figures:
|
REIDIN.com House Sales Price Indices (Nominal, Jun.07 = 100) |
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|
Month |
Turkey Composite |
ISTANBUL |
ANKARA |
IZMIR |
||||
|
|
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
|
Jan |
103.4 |
89.8 |
105.5 |
88.6 |
96.6 |
85.6 |
102.1 |
97.0 |
|
Feb |
103.2 |
86.4 |
104.8 |
84.8 |
95.7 |
82.8 |
103.9 |
91.3 |
|
Mar |
105.6 |
85.3 |
108.3 |
84.4 |
98.9 |
81.6 |
105.1 |
87.9 |
|
Apr |
104.1 |
86.0 |
107.4 |
84.8 |
97.8 |
81.4 |
101.0 |
93.8 |
|
May |
102.0 |
88.0 |
105.5 |
86.1 |
94.0 |
84.5 |
97.9 |
97.4 |
|
Jun |
98.2 |
89.8 |
101.6 |
87.2 |
88.1 |
86.5 |
93.7 |
99.8 |
|
Jul |
96.0 |
90.5 |
99.0 |
87.9 |
88.4 |
87.4 |
93.8 |
99.6 |
|
Aug |
95.8 |
91.0 |
97.5 |
87.9 |
87.4 |
87.5 |
96.2 |
100.8 |
|
Sep |
94.8 |
91.2 |
96.2 |
88.6 |
87.6 |
87.1 |
94.6 |
101.2 |
|
Oct |
91.8 |
92.1 |
91.8 |
89.7 |
87.0 |
87.5 |
94.2 |
103.8 |
|
Nov |
90.5 |
91.8 |
91.1 |
89.7 |
85.5 |
87.5 |
93.3 |
103.1 |
|
Dec |
88.0 |
|
87.8 |
|
82.9 |
|
92.5 |
|
|
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REIDIN.com House Sales Price Indices (Nominal, Jun.07 = 100) |
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|
Month |
ADANA |
ANTALYA |
BURSA |
KOCAELI |
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|
|
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
|
Jan |
101.7 |
92.4 |
104.2 |
88.3 |
98.0 |
89.1 |
114.2 |
97.7 |
|
Feb |
107.0 |
94.7 |
103.5 |
90.5 |
99.0 |
83.9 |
108.2 |
96.8 |
|
Mar |
106.1 |
94.0 |
103.2 |
86.9 |
100.4 |
83.5 |
107.3 |
95.5 |
|
Apr |
104.6 |
95.0 |
105.9 |
85.9 |
95.1 |
81.9 |
106.5 |
94.4 |
|
May |
103.1 |
95.0 |
104.2 |
84.7 |
95.8 |
86.9 |
104.7 |
97.5 |
|
Jun |
97.0 |
96.4 |
102.1 |
89.5 |
94.7 |
89.4 |
102.2 |
99.0 |
|
Jul |
93.9 |
97.5 |
98.3 |
90.2 |
90.2 |
89.5 |
98.1 |
102.6 |
|
Aug |
97.2 |
98.5 |
96.2 |
91.7 |
94.0 |
91.5 |
102.7 |
106.1 |
|
Sep |
97.6 |
98.9 |
96.2 |
89.6 |
92.8 |
89.9 |
100.5 |
106.7 |
|
Oct |
98.3 |
99.6 |
95.1 |
87.9 |
90.4 |
89.8 |
94.1 |
105.9 |
|
Nov |
97.4 |
101.8 |
92.1 |
86.0 |
84.6 |
89.2 |
92.6 |
106.4 |
|
Dec |
96.9 |
|
90.9 |
|
83.7 |
|
89.9 |
|
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Copyright © REIDIN.com
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REIDIN.com Rent Indices (Nominal, Jun.07 = 100) |
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|
Month |
Turkey Composite |
ISTANBUL |
ANKARA |
IZMIR |
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|
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
|
Jan |
100.9 |
91.1 |
104.0 |
89.4 |
100.4 |
97.2 |
92.7 |
88.8 |
|
Feb |
101.4 |
87.0 |
104.0 |
84.7 |
102.2 |
91.6 |
92.5 |
81.9 |
|
Mar |
102.8 |
84.6 |
106.2 |
81.7 |
100.5 |
91.6 |
93.6 |
81.3 |
|
Apr |
103.7 |
88.0 |
106.3 |
87.2 |
103.9 |
93.9 |
92.8 |
81.3 |
|
May |
101.0 |
90.0 |
102.6 |
88.6 |
101.4 |
95.7 |
96.2 |
85.0 |
|
Jun |
98.5 |
90.4 |
100.1 |
89.0 |
99.4 |
95.4 |
90.2 |
85.5 |
|
Jul |
95.0 |
91.2 |
95.5 |
90.0 |
98.7 |
95.7 |
86.2 |
87.0 |
|
Aug |
95.1 |
91.1 |
95.4 |
89.6 |
98.6 |
96.1 |
88.0 |
87.9 |
|
Sep |
94.7 |
91.2 |
94.6 |
89.6 |
99.2 |
96.1 |
88.5 |
87.9 |
|
Oct |
92.7 |
90.8 |
91.3 |
89.5 |
100.0 |
95.2 |
89.4 |
88.6 |
|
Nov |
91.4 |
90.2 |
90.6 |
89.4 |
98.3 |
93.0 |
86.5 |
88.4 |
|
Dec |
88.6 |
|
87.8 |
|
95.0 |
|
86.8 |
|
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REIDIN.com Rent Indices (Nominal, Jun.07 = 100) |
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|
Month |
ADANA |
ANTALYA |
BURSA |
KOCAELI |
||||
|
|
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
2008 |
2009 |
|
Jan |
101.1 |
98.1 |
100.5 |
88.9 |
89.7 |
91.0 |
107.1 |
102.4 |
|
Feb |
105.5 |
100.2 |
101.0 |
91.8 |
89.9 |
89.3 |
109.7 |
99.9 |
|
Mar |
105.5 |
98.8 |
101.5 |
87.5 |
90.8 |
87.0 |
112.5 |
93.7 |
|
Apr |
110.3 |
98.8 |
102.9 |
85.2 |
95.4 |
90.0 |
110.8 |
92.1 |
|
May |
104.0 |
107.9 |
103.8 |
89.1 |
89.1 |
90.6 |
109.6 |
92.7 |
|
Jun |
98.8 |
108.9 |
101.0 |
91.1 |
95.1 |
90.8 |
103.6 |
93.0 |
|
Jul |
96.6 |
110.3 |
98.6 |
91.4 |
92.2 |
89.8 |
104.7 |
91.6 |
|
Aug |
98.0 |
109.3 |
95.2 |
92.2 |
91.6 |
89.8 |
107.1 |
92.3 |
|
Sep |
97.5 |
108.6 |
95.4 |
92.2 |
91.6 |
89.8 |
105.9 |
93.9 |
|
Oct |
98.3 |
107.6 |
95.0 |
89.1 |
89.3 |
89.1 |
100.3 |
95.0 |
|
Nov |
93.9 |
104.2 |
93.0 |
86.9 |
89.0 |
87.3 |
98.0 |
96.9 |
|
Dec |
92.7 |
|
91.7 |
|
80.2 |
|
96.9 |
|
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Copyright © REIDIN.com |
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