reidin real estate indices: may 2015 results june 15, 2015

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REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

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Page 1: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

Page 2: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN TURKEY RESIDENTIAL PROPERTY PRICE INDICES: MAY 2015 RESULTS

Issue: 78

Page 3: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

• The residential sales prices for existing homes increased 1.40% in TR-7 cities and increased

1.09% in TR-30 cities during May 2015.

• The residential rental prices for existing homes increased 1.34% in TR-7 cities and increased

0.85% in TR-30 cities during May 2015.

INDEX SUMMARY

Page 4: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN.com EmlakEndeks Satılık-Türkiye KompozitREIDIN TURKEY RESIDENTIAL PROPERTY PRICE INDEX: SALES

Page 5: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

RESIDENTIAL SALES PRICES (TL/M2)

Page 6: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

% CHANGE IN RESIDENTIAL SALES PRICES

Page 7: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN TURKEY RESIDENTIAL PROPERTY PRICE INDEX: RENT

Page 8: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

RESIDENTIAL RENTAL VALUES (TL/M2)

Page 9: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

% CHANGE IN RESIDENTIAL RENTAL VALUES

Page 10: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN TURKEY PRICE-to-RENT RATIOS (YEAR)

Page 11: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN TURKEY GROSS RENTAL YIELDS (%)

Page 12: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN HOUSING AFFORDABILITY INDEX (FOR 10-YEAR MORTGAGE LOAN)

Page 13: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN RENTAL AFFORDABILITY INDEX

Page 14: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

EXISTING HOUSE PRICES VS. FINANCIAL INDICATORS

Page 15: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN TURKEY RESIDENTIAL PROPERTY PRICE INDICES

The REIDIN Turkey Residential Property Price Indices (TRPPIs), supported by GARANTI, are 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 62 cities, their 221 districts and 1083 sub-

districts. The national TRPPI (TR-7 and TR-30) series are a weighted average of 7 and 30 big city indices.

The REIDIN TRPPIs use a “stratified median index” approach and are calculated by the Laspeyres price index

formula. TR-7 indices are set at 100 starting at the beginning of June 2007 (June 2007=100) and the rest index

series are set at 100 starting at the beginning of January 2012 (January 2012=100).

Coverage

REIDIN TRPPI, uses monthly sample of offered/asked listing price data.

Page 16: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN-GYODER NEW HOME PRICE INDEX: MAY 2015 RESULTS

Issue: 54

Page 17: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

INDEX SUMMARY

• According to the results of REIDIN-GYODER New Home Price Index, in May 2015 there is 0.76%

increase with respect to the previous month and in compliance with May 2014 there is 7.35%

increase.

• According to May 2015 results of REIDIN-GYODER New Home Price Index, “Branded Projects” in

Istanbul European side shows 0.70% increase and 0.48% increase in Asian side.

• According to May 2015 results, REIDIN-GYODER New Home Price Index remains increase of 0.78%

in 1+1 flat type; increase of 1.11% in 2+1 flat type; increase of 0.76% in 3+1 flat type and increase

of 0.14% in 4+1 flat type with respect to the previous month.

• According to May 2015 results, REIDIN-GYODER New Home Price Index reveals that there is

0.79% increase in 51-75sqm size; 0.71% increase in 76-100sqm; 1.16% increase in 101-125sqm

size; 0.76% increase in 126-150sqm and 0.14% increase in 151sqm and bigger sized properties

with respect to the previous month.

Page 18: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN-GYODER NEW HOME PRICE INDEX (JANUARY 2010=100)

Index Value:May 2015

% Change in Month

% Change in Past Year

% Change in Base Period

New Home Index

159.2 0.76% 7.35% 59.20%

Page 19: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

% CHANGE IN REIDIN-GYODER NEW HOME PRICE INDEX

According to the results of REIDIN-GYODER New Home Price Index, in May 2015 there is 0.76%

increase with respect to the previous month and in compliance with May 2014 there is 7.35%

increase.

Page 20: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN-GYODER NEW HOME PRICE INDEX: ISTANBUL ASIAN-EUROPEAN SIDE PROJECTS (JANUARY 2010=100)

According to May 2015 results of REIDIN-GYODER New Home Price Index, “Branded Projects” in

Istanbul European side shows 0.70% increase and 0.48% increase in Asian side.

Page 21: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

TYPE OF HOUSES: NUMBER OF ROOMS (JANUARY 2010=100)

According to May 2015 results, REIDIN-GYODER New Home Price Index remains increase of 0.78% in

1+1 flat type; increase of 1.11% in 2+1 flat type; increase of 0.76% in 3+1 flat type and increase of

0.14% in 4+1 flat type with respect to the previous month.

Page 22: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

TYPE OF HOUSES: NUMBER OF ROOMS

Type of Houses

Index Value:May 2015

% Change in Month

% Change in Past Year

% Change in Base Period

New Home Index

159.2 0.76% 7.35% 59.20%

1+1 156.0 0.78% 5.26% 56.00%

2+1 164.0 1.11% 6.91% 64.00%

3+1 159.8 0.76% 8.34% 59.80%

4+1 143.2 0.14% 4.15% 43.20%

Base Period: January 2010=100

Page 23: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

TYPE OF HOUSES: SIZE RANGE (JANUARY 2010=100)

According to May 2015 results, REIDIN-GYODER New Home Price Index reveals that there is 0.79%

increase in 51-75sqm size; 0.71% increase in 76-100sqm; 1.16% increase in 101-125sqm size; 0.76%

increase in 126-150sqm and 0.14% increase in 151sqm and bigger sized properties with respect to the

previous month.

Page 24: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

TYPE OF HOUSES: SIZE RANGE

Type of Houses

Index Value:May 2015

% Change in Month

% Change in Past Year

% Change in Base Period

New Home Index

159.2 0.76% 7.35% 59.20%

51-75 SQM 153.2 0.79% 5.44% 53.20%

76-100 SQM 155.1 0.71% 6.45% 55.10%

101-125 SQM 165.2 1.16% 7.69% 65.20%

126-150 SQM 160.1 0.76% 8.69% 60.10%

151 SQM + 143.6 0.14% 4.36% 43.60%

Base Period: January 2010=100

Page 25: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN-GYODER NEW HOUSING STOCK

Last month's data are provisional.

Page 26: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

NEW HOME PRICES VS. FINANCIAL INDICATORS

Page 27: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN-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 “Branded Projects", and recently has been produced in many countries like USA,

Australia, Canada.

• Methodology

The monthly REIDIN-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-GYODER New Home Price Index is calculated on 70 projects and with a monthly average number of

22,500 properties presented by 28 developers.

Page 28: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

PARTICIPANT DEVELOPERS

Page 29: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

REIDIN TURKEY REAL ESTATE INDICATORS

– Indices

• REIDIN - GYODER New Home Price Index

• REIDIN - GYODER Office Index

• REIDIN - Residential Property Price Index (Sales and Rent)

• REIDIN - Housing Affordability Index

• REIDIN - Rental Affordability Index

• REIDIN - Gross Rental Yield Index

– Modules

• REIDIN - Property Valuation Analysis Module

• REIDIN - Loan-to-Value Calculation Module

• REIDIN - Price-Rent Ratio Calculation Module

Page 30: REIDIN REAL ESTATE INDICES: MAY 2015 RESULTS JUNE 15, 2015

CONTACT US

REIDIN.com – Europe

Bilek İş Merkezi, K:4 D:5,Eski Büyükdere Caddesi No: 33,4. Levent, 34415 İstanbul, Turkey

Tel. +90 212 347 59 60Fax. +90 212 347 53 46

[email protected]

Although all values, statements and visual materials in this report are provided, indicated and calculated neatly byREIDIN.com, we make no warranty, assurance or guarantee that materials and values are absolutely accurate.REIDIN.com highly recommends that this report should not be taken as an endorsement of or recommendation onany participation by any intending investor or any other party in any transaction whatsoever. This information ispresented exclusively for use by REIDIN.com clients and professionals and all rights to the material are reserved andcannot be reproduced without prior written permission of REIDIN.com.