16 November 2011
REIDIN.com Turkey Real Estate Indices: October 2011 Results
November, 2011
REIDIN.com Turkey Residential Property Price Indices: October 2011 Results
Index Summary
The residential sales prices for existing homes increased 0.81% in Turkey overall, 0.63% in Adana, 0.77% in Ankara, 0.51% in Antalya, 0.22% in Bursa, 0.88% in Istanbul, 1.53% in Izmir and 0.55% in Kocaeli during October 2011.
The residential rent values for existing homes increased 1.07% in Turkey overall, 0.23% in Ankara, 1.24% in Antalya, 0.87% in Bursa, 1.26% in Istanbul and 1.58% in Izmir; on the other hand values decreased 0.31% in Adana and remained constant in Kocaeli during October 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
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: October 2011 Results
Index Summary
According to the results of REIDIN.com-GYODER New Home Price Index with the support of Garanti, in October 2011 there is 2.54% increase with respect to the previous month; and in compliance with October 2010 there is 9.04% increase.
According to October 2011 results of REIDIN.com-GYODER New Home Price Index, “Trademarked Projects” in Istanbul European side shows 1.56% increase and 2.92% increase in Asian side.
According to October 2011 results, REIDIN.com-GYODER New Home Price Index shows the increase of 4.17% in 1+1 flat type; increase of 2.65% in 2+1 flat type; increase of 2.27% in 3+1 flat type and increase of 1.42% in 4+1 flat type with respect to the previous month.
According to October 2011 results, REIDIN.com-GYODER New Home Price Index reveals that there is 3.17% increase in 51-75sqm size; 2.34% increase in 76-100sqm; 1.42% increase in 101-125sqm size; 2.97% increase in 126-150sqm and 2.95% 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 Homes Stock Number Activity
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 54 projects and with a monthly average number of 20,000 properties presented by 22 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 and 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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