REIDIN REAL ESTATE INDICES

APRIL 2017 RESULTS

MAY 15, 2017

REIDIN TURKEY RESIDENTIAL

PROPERTY PRICE INDICES APRIL

2017 RESULTS

SUPPORTED BY

İŞBANK

ISSUE

101

INDEX SUMMARY

İŞBANK’s Retail Loans Manager Mr. Recep Haki:

“By the end of of March 2017, Isbank raised its mortgage loan volume to 18.8 billion with an increase of 6,08%, compared to the year-end and with it’s %11,7 market share ISBANK continues tobe one of the major players in the sector. Some regulations and arrangements done in recent times,

such as increasing loan-to-value ratio and reducing the legal rates of VAT and title deed fees has strengthened expectations for the future. In the first months of 2017, housing sales, which have

been off the charts for the last 3 years, prove that this year’s sales are going to be at least as goodas last year. The mobility brought to the sector through these, positively reflected to the banking

sector as an increase in loan volumes. Our campaign with Emlak Konut GYO A.Ş. and GYODER offered low interest rates along with maturity up to 240 months contiuned until March

and positively effected our first quarter datas.ISBANK, having a trust on the future of housing sector, continues its investments in this sector by

presenting an end to end digital experience from application to lending process for all usersregardless of being the bank’s customer or not. This innovation is presented to all users’ experience

in the official web site of ISBANK, could be reached by clicking “Anında İşlem”>“Ev Kredisi” links.

INDEX SUMMARY

The residential rental values registered an

increase in TR-68 cities during April 2017.

Prices increased 0.63% m-o-m and also

increased 4.00% y-o-y.

The residential sales prices registered

an increase in TR-68 cities during April

2017. Prices increased 1.22% m-o-m

and also increased 9.50% y-o-y.

RESIDENTIAL SALES PRICESTR-68 COMPOSITE INDEX

The residential sales prices registered an

increase in TR-68 cities during April 2017. Prices

increased 1,22% m-o-m and also increased

9.50% y-o-y.% Change in

Month% Change in

Past Year

160

120

80

40

0

Turkey Composite Sales Price Index (TR-68)

(January 2012 = 100)

%1.22 %9.50

102.8116.7

133.6152.8

176.4193.1

Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17

RESIDENTIAL SALES PRICES (TL/SQM)

RESIDENTIAL SALES PRICES% CHANGE IN MONTH

RESIDENTIAL RENTAL VALUESTR-68 COMPOSITE INDEX

The residential rental values registered an increase

in TR-68 cities during April 2017. Prices increased

0.63% m-o-m and also increased 4.00% y-o-y.

% Change in Month

% Change in Past Year

160

120

80

40

0

Turkey Composite Rental Price Index (TR-68)

(January 2012 = 100)

%0.63 %4.00

102.6114.3

128.2143.0

163.7 170.2

Apr-12 Apr-13 Apr-14 Apr-15 Apr-16 Apr-17

RESIDENTIAL RENTAL VALUES (TL/SQM)

RESIDENTIAL RENTAL VALUES% CHANGE IN MONTH

PRICE-to-RENT RATIOS (YEAR)

GROSS RENTAL YIELDS (%)

HOUSING AFFORDABILITY INDEX(FOR 10-YEAR MORTGAGE LOAN)

RENTAL AFFORDABILITY INDEX

REIDIN TURKEY RESIDENTIAL PROPERTY PRICE INDICES

What Is?

The REIDIN Turkey Residential

Property Price Indices (TRPPIs),

supported by İŞBANK, 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 sample of offered/asked

listing price data. 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) and January

2015 (January 2015=100).

Coverage

Index series cover 68 cities, their

242 districts and 1202 sub-

districts.

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