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

Volume: 10
Date:  September 15, 2009
Location: Istanbul, Dubai, London

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 September 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 (ingot).

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 September 2009. Accordingly, the rate of profit in real terms is 0.18% in Adana, 0.13% in Ankara, 0.09% in Antalya, 0.12% in Bursa, 0.17% in Istanbul, 0.06% in Izmir and 0.09% in Kocaeli on monthly basis.

When adjusted by inflation rate according to the Consumer Price Index (0.39%), the monthly real profit rate of investors of the Euro, the Istanbul Stock Exchange (ISE-100 Index), Gold (ingot) and Deposit Interest Rate were 1.80%, 2.00%, 4.59% and 0.32% respectively, while US Dollar posted loss of 0.09%.

The residential sales prices increased 0.83% in Istanbul, 0.59% in Kocaeli, 0.37% in Izmir and 0.36% in Adana. The residential sales prices decreased 0.36% in Ankara, 1.70% in Bursa and 2.33% in Antalya during September 2009.

The residential rent prices increased 1.74% in Kocaeli and 0.07% in Antalya. Adana was the only city that the residential rent prices decreased 0.62% during September 2009. On the other hand, the rent prices did not change in Ankara, Bursa, Istanbul and Izmir during that period.

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