14 December 2009
REIDIN.com INDEXFocus Turkey November 2009 Real Estate Sector Analysis – Residential
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) |
||||||||
|
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 |
|
|
|
REIDIN.com House Sales Price Indices (Nominal, Jun.07 = 100) |
|||||||
|
Month |
ADANA |
ANTALYA |
BURSA |
KOCAELI |
||||
|
|
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 |
|
|
Copyright  | ||||||||