15 February 2009

REIDIN.com INDEXFocus Turkey January 2009 Real Estate Sector Analysis – Residential


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 January 2009 were calculated by using the “monthly price/square meter median sales and rent values” compiled by REIDIN.COM and weighed 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 (ingot).

When adjusted by inflation rate according to the Consumer Price Index, the real estate investments caused a profit to the investors in real terms in January 2009. Accordingly, the rate of profit in real terms is 0.26% in Adana, 0.24% in Ankara, 0.23% in Bursa, 0.26% in Istanbul, 0.18% in Izmir and 0.28% in Kocaeli on monthly basis. When adjusted by inflation rate according to the Consumer Price Index, the monthly real profit rate of investors of Gold (ingot), US Dollar, Istanbul Stock Exchange (ISE-100), Deposit Interest and Euro were 6.98%, 3.45%, 1,02%, 0,86% and 0,67% respectively.

The residential sales prices in Turkey’s major 6 cities fell at significant rates in January of this year compared to the same period of last year. During that period, residential sales price fell 16.01% in Istanbul, 14.39% in Kocaeli, 11.43% in Ankara, 9.21% in Adana, 9.17% in Bursa and 4.94% in Izmir.

The residential rent prices fell 14.11% in Istanbul, 4.40% in Kocaeli, 4.16% in Izmir, 3.14% in Ankara and 2.89% in Adana in January of this year compared to the same period of last year. Bursa was the only city that the rent prices increased 1.46% during that period.

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 you can contact us:
Ms. Zeynep Aynagoz
Reidin FZ  LLC  Istanbul Office

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