According to the latest report by IMARC Group, titled “Turkey Real Estate Market Report by Property (Residential, Commercial, Industrial, Land), Business (Sales, Rental), Mode (Online, Offline), and Region 2024-2032,” the report presents a thorough review featuring the Turkey real estate market forecast, growth, share, trends, and research of the industry.
The Turkey real estate market size reached US$ 247.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 428.92 Billion by 2032, exhibiting a growth rate (CAGR) of 5.70% during 2024-2032.
The expanding urbanization, population growth, along with rising demand for residential and commercial properties are the factors responsible for the growth of the Turkey real estate market. Additionally, the market is positively inflated by the high urban development, particularly in prominent cities like Istanbul, Ankara, Izmir, etc., which has led to a rise in construction activities.
Besides this, the need for housing is fueled by a growing middle class, coupled with initiatives by government authorities such as affordable housing projects and favorable mortgage terms. Moreover, the strategic location of the country as a gateway between Europe and Asia has attracted foreign investors, particularly in the commercial real estate sector, further boosting market growth.
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Turkey Real Estate Market Trends & Drivers:
Key trends in the Turkey real estate market include the rising interest in sustainable and energy-efficient buildings, driven by global environmental concerns and government regulations. In addition to this, smart home technologies are also gaining popularity as consumers seek convenience and security, which is acting as another significant growth-inducing factor. Furthermore, the pandemic has shifted preferences, with an increased demand for larger living spaces, suburban homes, and properties with access to open areas and green spaces, thereby escalating the market.
Apart from this, the citizenship-by-investment program of government authorities, which grants residency to foreign nationals purchasing real estate, continues to attract international buyers. These factors, along with ongoing infrastructure developments, are expected to shape the future of the Turkey real estate market in the coming years, making it a key player in the regional property landscape.
Turkey Real Estate Market Report Segmentation:
The report provides an analysis of the key trends in each segment of the market, along with forecasts at the country levels for 2024-2032. The market has categorized based on property, business, and mode.
Breakup by Property:
- Residential
- Commercial
- Industrial
- Land
Breakup by Business:
- Sales
- Rental
Breakup by Mode:
- Online
- Offline
Breakup by Region:
- Marmara
- Central Anatolia
- Mediterranean
- Aegean
- Southeastern Anatolia
- Blacksea
- Eastern Anatolia
Competitor Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Speak to an Analyst or Any Inquiry Before Buying the Report: https://www.imarcgroup.com/request?type=report&id=24161&flag=C
Key highlights of the Report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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