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