REIDIN.com Turkey Real Estate Indices: March 2011 Results

REIDIN.com Turkey Residential Property Price Indices: March 2011 Results
Issue: 28
15/04/2011

Index Summary
-The residential sales prices increased 1.13% in Adana, 0.58% in Ankara, 0.51% in Antalya, 0.31% in Istanbul, 0.09% in Izmir and 0.23% in Kocaeli; prices were down 0.11% in Bursa during March 2011.

-The residential rent values increased 0.48% in Ankara, 1.04% in Antalya, 0.29% in Istanbul, 0.21% in Izmir; values were down 0.60% in Adana and 0.67% in Bursa and constant in Kocaeli during March 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: March 2011 Results
Issue: 4
15/04/2011

Index Summary
-According to the results of REIDIN.com-GYODER New Home Price Index with the support of Garanti, in March 2011 there is 0.19% increase with respect to the previous month; and in compliance with March 2010 there is 6.17% increase.

-According to March 2011 results, REIDIN.com-GYODER New Home Price Index shows the increase of 0.37% in 1+1 flat type, 0.28% in 2+1 flat type, 0.10% in 4+1 flat type and constant in 3+1 flat type with respect to the previous month.

-According to March 2011 results, REIDIN.com-GYODER New Home Price Index reveals that there is 0.84% increase in 51-75sqm size, 0.38 % increase in 76-100sqm size, 0.46% increase in 101-125sqm size, 0.95% increase in 126-150sqm and 0.10% increase in 151sqm and bigger sized properties.

REIDIN.com-GYODER New Home Price Index

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

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 45 projects and with a monthly average number of 15,000 properties presented by 19 developers.

Participant Developers

REIDIN.com Turkey Real Estate Indicators
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