reidin.com real estate indices: september 2012 results...
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REIDIN.com REAL ESTATE INDICES: SEPTEMBER 2012 RESULTS OCTOBER 15, 2012
REIDIN.com TURKEY RESIDENTIAL PROPERTY PRICE INDICES: SEPTEMBER 2012 RESULTS
Issue: 46
• The residential sales prices for existing homes increased 2.38% in Turkey overall,
1.96% in Adana, 2.04% in Ankara, 2.64% in Antalya, 1.21% in Bursa, 2.74% in
Istanbul, 1.94% in Izmir and 1.69% in Kocaeli during September 2012.
• The residential rental prices for existing homes increased 2.38% in Turkey overall,
0.84% in Adana, 2.05% in Ankara, 2.99% in Antalya, 2.46% in Bursa, 2.48% in
Istanbul, 2.88% in Izmir and 1.87% in Kocaeli during September 2012.
INDEX SUMMARY
REIDIN.com EmlakEndeks Satılık-Türkiye Kompozit REIDIN.com TURKEY RESIDENTIAL PROPERTY PRICE INDEX: SALES
REIDIN.com EmlakEndeks Satılık-Türkiye Kompozit REIDIN.com TURKEY RESIDENTIAL PROPERTY PRICE INDEX: SALES
% CHANGE IN RESIDENTIAL SALES PRICES
The residential sales prices for existing homes increased 2.38% in Turkey overall,
1.96% in Adana, 2.04% in Ankara, 2.64% in Antalya, 1.21% in Bursa, 2.74% in
Istanbul, 1.94% in Izmir and 1.69% in Kocaeli during September 2012.
REIDIN.com TURKEY RESIDENTIAL PROPERTY PRICE INDEX: CHANGES IN RESIDENTIAL SALES PRICES
Index Value: September 2012
% Change in Month
% Change in Past Year
Turkey Composite
114.5 2.38% 16.40%
Adana 128.2 1.96% 14.62%
Ankara 111.7 2.04% 15.67%
Antalya 97.6 2.64% 19.49%
Bursa 100.0 1.21% 10.45%
İstanbul 116.6 2.74% 17.75%
İzmir 119.8 1.94% 17.79%
Kocaeli 119.1 1.69% 6.54%
Base Period: June 2007=100
REIDIN.com TURKEY RESIDENTIAL PROPERTY PRICE INDEX: RENT
REIDIN.com TURKEY RESIDENTIAL PROPERTY PRICE INDEX: RENT
% CHANGE IN RESIDENTIAL RENTAL PRICES
The residential rental prices for existing homes increased 2.38% in Turkey
overall, 0.84% in Adana, 2.05% in Ankara, 2.99% in Antalya, 2.46% in Bursa,
2.48% in Istanbul, 2.88% in Izmir and 1.87% in Kocaeli during September 2012.
REIDIN.com TURKEY RESIDENTIAL PROPERTY PRICE INDEX: CHANGES IN RESIDENTIAL RENTAL VALUES
Index Value: September 2012
% Change in Month
% Change in Past Year
Turkey Composite
110.0 2.38% 14.97%
Adana 120.5 0.84% 11.15%
Ankara 110.2 2.05% 13.99%
Antalya 107.8 2.99% 19.60%
Bursa 97.6 2.46% 8.01%
İstanbul 110.8 2.48% 15.20%
İzmir 111.1 2.88% 20.40%
Kocaeli 112.2 1.87% 10.61%
Base Period: June 2007=100
REIDIN.com TURKEY PRICE-to-RENT RATIOS
REIDIN.com TURKEY GROSS RENTAL YIELDS (%)
REIDIN.com HOUSING AFFORDABILITY INDEX
MORTGAGE INTEREST RATES and MORTGAGE LOANS
HOUSE PRICES and MORTGAGE INTEREST RATES
HOUSE PRICES and CONSUMER CONFIDENCE INDEX
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: SEPTEMBER 2012 RESULTS
Issue: 22
INDEX SUMMARY
• According to the results of REIDIN.com-GYODER New Home Price Index with the support of Garanti, in
September 2012 there is 0.32% increase with respect to the previous month and in compliance with
September 2011 there is 12.23% increase.
• According to September 2012 results of REIDIN.com-GYODER New Home Price Index, “Trademarked
Projects” in Istanbul European side shows 0.31% increase and 0.37% increase in Asian side.
• According to September 2012 results, REIDIN.com-GYODER New Home Price Index shows the increase of
0.32% in 1+1 flat type; increase of 0.31% in 2+1 flat type; increase of 0.33% in 3+1 flat type and increase of
0.51% in 4+1 flat type with respect to the previous month.
• According to September 2012 results, REIDIN.com-GYODER New Home Price Index reveals that there is
0.33% increase in 51-75sqm size; 0.34% increase in 76-100sqm; 0.32% increase in 101-125sqm size; 0.49%
increase in 126-150sqm and 0.59% increase in 151sqm and bigger sized properties with respect to the
previous month.
REIDIN.com-GYODER NEW HOME PRICE INDEX (JAN.2010=100)
Index Value:
September 2012
% Change in
Month
% Change in
Past Year
% Change in Base Period
New Home Index
123.9 0.32% 12.23% 23.90%
% CHANGE IN REIDIN.com-GYODER NEW HOME PRICE INDEX
According to the results of REIDIN.com-GYODER New Home Price Index with the support of
Garanti, in September 2012 there is 0.32% increase with respect to the previous month and in
compliance with September 2011 there is 12.23% increase.
REIDIN.com-GYODER NEW HOME PRICE INDEX: ISTANBUL ASIAN-EUROPEAN SIDE PROJECTS (JAN.2010=100)
According to September 2012 results of REIDIN.com-GYODER New Home Price Index,
“Trademarked Projects” in Istanbul European side shows 0.31% increase and 0.37% increase in
Asian side.
TYPE OF HOUSES: NUMBER OF ROOMS (JAN.2010=100)
According to September 2012 results, REIDIN.com-GYODER New Home Price Index shows the
increase of 0.32% in 1+1 flat type; increase of 0.31% in 2+1 flat type; increase of 0.33% in 3+1 flat
type and increase of 0.51% in 4+1 flat type with respect to the previous month.
TYPE OF HOUSES: NUMBER OF ROOMS
Type of Houses
Index Value:
September 2012
% Change in
Month
% Change in
Past Year
% Change in Base Period
1+1 124.9 0.32% 15.65% 24.90%
2+1 128.0 0.31% 12.87% 28.00%
3+1 122.1 0.33% 11.10% 22.10%
4+1 119.2 0.51% 12.56% 19.20%
Base Period: January 2010=100
TYPE OF HOUSES: SIZE RANGE (JAN.2010=100)
According to September 2012 results, REIDIN.com-GYODER New Home Price Index reveals that
there is 0.33% increase in 51-75sqm size; 0.34% increase in 76-100sqm; 0.32% increase in 101-
125sqm size; 0.49% increase in 126-150sqm and 0.59% increase in 151sqm and bigger sized
properties with respect to the previous month.
TYPE OF HOUSES: SIZE RANGE
Type of Houses
Index Value:
September 2012
% Change in
Month
% Change in
Past Year
% Change in Base Period
51-75 SQM 123.4 0.33% 15.22% 23.40%
76-100 SQM 119.6 0.34% 11.88% 19.60%
101-125 SQM 125.8 0.32% 12.02% 25.80%
126-150 SQM 122.0 0.49% 13.28% 22.00%
151 SQM + 120.2 0.59% 10.89% 20.20%
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 62 projects and with a monthly average number
of 22,500 properties presented by 24 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 - Property Valuation Analysis Module
• REIDIN.com - Loan-to-Value Calculation Module
• REIDIN.com - Price-Rent Ratio Calculation Module
CONTACT US
REIDIN.com - Istanbul Office Avni Dilligil Sokak, C Blok, No: 7/13 34360, Mecidiyeköy, Istanbul, Turkey T: + 90 212 347 53 45 F: + 90 212 347 53 46 www.reidin.com [email protected]