14 January 2010

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

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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 December 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, except Adana and Istanbul, caused a loss to the investors in real terms in December 2009. Accordingly, the rate of loss in real terms is 0.03% in Ankara, 0.06% in Antalya, 0.04% in Bursa, 0.09% in Izmir and 0.03% in Kocaeli on monthly basis.

When adjusted by inflation rate according to the Consumer Price Index (0.53%), the monthly real profit rate of investors of the US Dollar, Istanbul Stock Exchange (ISE-100 Index), Gold (ingot)  and deposit rate were 0.77%, 6.24%, 1.86% and 0.12% respectively, while Euro posted loss of 1.22%.

The residential sales prices increased 1.20% in Adana and decreased 0.12% in Antalya, 0.76% in Bursa and 0.36% in Izmir during December 2009. On the other hand, the sales prices did not change in Ankara and Istanbul during that period.

The residential rent prices increased 0.97% in Adana, 0.24% in Ankara, 0.21% in Izmir and decreased 1.29% in Antalya, 1.54% in Bursa and 0.45% in Bursa during December 2009. On the other hand, the rent prices did not change in Kocaeli during that period.

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