- REIDIN.com’s ‘INDEXFocus’ aids real estate market professionals via accurate property valuation and simultaneous market analysis
Residential real estate investments in six major Turkish cities have caused a profit to the investors in real terms in April 2009, according to REIDIN.com, the world’s first and leading global online information services provider, with Istanbul and Bursa emerging at the top of the list by recording profits in real terms of 0.54 per cent apiece; followed by Adana and Ankara, both with 0.52 per cent. The figures, which were adjusted by inflation rate according to the Consumer Price Index, also reflected 0.51 per cent rate of profit in Kocaeli, and 0.42 per cent in Izmir. In line with its aims to aid real estate market professionals operating in Turkey and the region, REIDIN.com is underlining the benefits of ‘INDEXFocus’, a tool that enables users to establish house price differentials, conduct property valuation and perform multiple simultaneous market analysis in Turkey.
In addition, ‘INDEXFocus’ also revealed that current residential sales prices in Izmir, Adana and Istanbul rose by 6.68 per cent, 1.12 per cent and 0.52 per cent within the last three months respectively; while Ankara has seen a decrease of 0.26 per cent, as well as Kocaeli (1.17 per cent) and Bursa (1.98 per cent). Similarly the residential rental prices also shifted, increasing by 6.07 per cent in Istanbul, 3.53 per cent in Bursa, and 2.45 per cent in Ankara. However, rental rates in Kocaeli fell by 1.72 per cent. There was no monitored movement in the rent prices in Izmir and Adana.
“The current economic situation has made it even more crucial for real estate market professionals to access up-to-date information, which can help them gain a wider perspective of the current real estate market scenario, thereby making their opinions and decisions more effective and reliable,” said
Ahmet Kayhan, CEO, REIDIN.com. “As real estate customers grow more discerning in their investment decisions, ‘INDEXFocus’ provides real estate consultants the necessary information that can give them the competitive edge and confidence to present information-backed pitches, while providing a cost-effective way to streamline valuations, manage risk, and expand business opportunities. In line with our aims to promote transparency in the regional real estate market, we are also ironing out plans to launch a similar product to cater to the GCC markets.”
‘INDEXFocus’ introduces REIDIN.com's exclusive Automated Valuation Model (AVM), which facilitates accurate computing by combining current data, intelligent technology and proven methodologies that are built around an understanding of local market conditions. Developed using the company's vast experience and network in the real estate sectors in the emerging markets, ‘INDEXFocus’ can produce live real estate index, which is updated monthly with a powerful Automated Real Estate Valuation Tool - the first ever tool of its kind developed for any emerging market.
”We aim to play a major role in revealing the facts and information needed in the real estate and property market through our range of products, which are backed by technology and extensive data to provide the most valuable insights to our customers. We are well positioned to be an essential service provider to all real estate and property companies who aim to have updated knowledge on issues related to the industry they are involved in,” concluded
Kayhan. In addition to ‘INDEXFocus’, REIDIN.com's products include ‘DUBAIFocus’, the first exclusive online information product tracking real estate deals and transactions in Dubai; and ‘REBIS’ (Real Estate Business Information Service). With a comprehensive database going back to 1973, ‘DUBAIFocus’ provides the most detailed and up-to-date information source on real estate investment deals for the Dubai market, and include time-saving functions such as heat maps, graphing facilities and customised chart and analysis tools. ‘REBIS’ provides hard to get data and information from hundreds of sources, both international and local, including news, research and market data, legal, macro trends, and integrated databases of companies, projects, conferences and events.
REIDIN.com presently covers all politically stable developing countries and services investors, decision-makers and industry professionals across the globe. As the world’s first and leading global online information services provider, REIDIN.com has entered into strategic partnership agreements with more than 70 major firms including CB Richard Ellis, Deutsche Bank Research, Cushman & Wakefield, NAI Global, Colliers International, Knight Frank, EuropaProperty, HVS International, AMEinfo.com, Global Investment House, AT Kearney and the UNCTAD to create a one-of-a-kind database that will be regarded as the most trusted source for information about the real estate sector in the emerging markets. For further information please visit:
www.reidin.com.
