14 July 2011

REIDIN.com Turkey Real Estate Indices: June 2011 Results

REIDIN.com Turkey Residential Property Price Indices: June 2011 Results

Issue: 31
15/07/2011

Index Summary
-The residential sales prices increased 0.65% in Turkey overall, 0.57% in Ankara, 0.98% in Istanbul, 0.09% in Izmir, 0.57% in Kocaeli; prices were down 0.77% in Antalya, 0.11% in Bursa and constant in Adana during June 2011.

-The residential rent values increased 0.36% in Turkey overall, 0.47% in Ankara, 0.51% in Antalya, 0.89% in Bursa, 0.29% in Istanbul, 0.41% in Izmir, 0.23% in Kocaeli; values were down 0.62% in Adana during June 2011.

REIDIN.com Turkey Residential Property Price Index: Sales

% Change in Residential Sales Prices
    

REIDIN.com Turkey Residential Property Price Index: Changes in Residential Sales Prices

Base Period: June 2007=100

REIDIN.com Turkey Residential Property Price Index: Rent

% Change in Residential Rent Values

REIDIN.com Turkey Residential Property Price Index: Changes in Residential Rent Values

Base Period: June 2007=100

REIDIN.com Turkey Residential Property Price Indices

The REIDIN.com Turkey Residential Property Price Indices (TRPPIs), supported by GARANTI, is designed to be a reliable and consistent benchmark of housing prices in Turkey. The purpose is to measure the average differences in house prices in a particular geographic market.
    Methodology
    Index series are calculated monthly for sales and rent covering 7 major cities (Adana, Ankara, Antalya, Bursa, Istanbul, Izmir and Kocaeli), their 71 districts and 481 sub-districts. The national TRPPI (Turkey Composite Index) is a weighted average of those city indices.
    The REIDIN.com TRPPIs use a “stratified median index” approach and are calculated by the Laspeyres price index formula. Indices are set at 100 starting at the beginning of June 2007 (June 2007=100)    
    Coverage
    REIDIN.com TRPPI, uses monthly sample of offered/asked listing price data, covering over 200,000 house listings per month.

REIDIN.com-GYODER New Home Price Index: June 2011 Results

Issue: 7
15/07/2011

Index Summary

-According to the results of REIDIN.com-GYODER New Home Price Index with the support of Garanti, in June 2011 there is 0.46% increase with respect to the previous month; and in compliance with June 2010 there is 6.40% increase.

-According to June 2011 results of REIDIN.com-GYODER New Home Price Index, “Trademarked Projects” in Istanbul European side shows 0.64% increase and 0.91% increase in Asian side.

-According to June 2011 results, REIDIN.com-GYODER New Home Price Index shows the increase of 0.09% in 1+1 flat type, 0.54% in 2+1 flat type, 0.37% in 3+1 flat type and 0.20% in 4+1 flat type with respect to the previous month.

-According to June 2011 results, REIDIN.com-GYODER New Home Price Index reveals that there is 0.27% increase in 51-75sqm size, 0.09% increase in 76-100sqm size, 0.74% increase in 101-125sqm size, 0.28% increase in 126-150sqm, and 0.29% increase in 151sqm and bigger sized properties with respect to the previous month.

REIDIN.com-GYODER New Home Price Index

% Change in REIDIN.com-GYODER New Home Price Index

REIDIN.com-GYODER New Home Price Index: Istanbul Asian-European Side Projects

Type of Houses: Number of Rooms (January 2010=100)

Type of Houses: Number of Rooms

Base Period: January 2010=100

Type of Houses: Size Range (January 2010=100)

Type of Houses: Size Range

Base Period: January 2010=100

REIDIN.com-GYODER New Home Price Index

What is?
    It is the indicator index, which is developed from the properties of corporate real estate investment firms generally known as “Trademarked Projects”, and recently has been produced in many countries like USA, Australia, Canada.
Methodology
    The monthly REIDIN.com-GYODER New Home Price Index uses a “stratified median index” approach for index calculation–an approach that is widely used for indexing housing prices.  Taken January 2010 (January 2010=100) as the base period, is calculated with the formula of Laspeyres.
Coverage
    REIDIN.com-GYODER New Home Price Index is calculated on 48 projects and with a monthly average number of 15,000 properties presented by 20 developers.

Participant Developers

REIDIN.com Turkey Real Estate Indicators

Indices
REIDIN.com –     GYODER New Home Price Index
REIDIN.com –     GYODER Office Index
REIDIN.com –     Residential  Property Price Index (Sales+Rent)
REIDIN.com –     Housing Affordability Index
REIDIN.com –     Rental Affordability Index
REIDIN.com –     Gross Rental Yield Index

Modules
REIDIN.com –     Automated Valuation Module
REIDIN.com –     Loan-to-Value Calculation Module
REIDIN.com –     Payback Period Calculation Module

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