Real Estate Market- Turkey
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2024: USD 247.5 Million
Market Forecast in 2032: USD 428.92 Million
Market Growth Rate: 5.70% (2024-2032)
The Turkey real estate market size reached USD 247.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 428.92 Billion by 2032, exhibiting a growth rate (CAGR) of 5.70% during 2024-2032.
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Turkey Real Estate Market Trends:
The Turkey real estate market is expanding rapidly, owing to several interconnected factors. Primarily, the market is driven by the advantageous geographic location of the nation, urbanization, and rising demand from both domestic and international investors. Besides this, the growing population and rapid urban expansion are boosting demand for residential, commercial, and mixed-use developments, particularly in major cities like Istanbul, Ankara, and Izmir. In line with these factors, the initiatives of government bodies, such as citizenship by investment programs and incentives for foreign buyers, are further enhancing the appeal of the Turkey real estate market. Additionally, the country’s infrastructure improvements, like transportation projects and smart city initiatives, are positively influencing the market by increasing the value of properties in well-connected areas.
Turkey Real Estate Market Scope and Growth Analysis:
Key trends in the Turkey real estate market include the rising demand for sustainable and energy-efficient properties, reflecting global preferences for eco-friendly living and working environments. Developers are increasingly incorporating green building technologies and materials to meet this demand and comply with evolving regulations. The market is also witnessing growth in the luxury real estate segment, driven by high-net-worth individuals seeking premium properties with modern amenities.
The expansion of e-commerce and remote work trends has fueled demand for logistics centers and suburban residential properties, respectively. Furthermore, the availability of digital platforms for property transactions and virtual tours is simplifying the buying and selling process, attracting a broader audience. Consequently, the economic recovery efforts of the nation and its position as a regional business and tourism hub, are expected to sustain the growth of the Turkey real estate market in the foreseeable future.
Turkey Real Estate Market Segmentation:
Property Insights:
- Residential
- Commercial
- Industrial
- Land
Business Insights:
- Sales
- Rental
Mode Insights:
- Online
- Offline
Regional Insights:
- Marmara
- Central Anatolia
- Mediterranean
- Aegean
- Southeastern Anatolia
- Blacksea
- Eastern Anatolia
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Competitive 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. Additionally, the report features detailed profiles of all major companies in the Turkey real estate industry.
Other Key Points Covered in 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
If you need specific information that is not currently within the scope of the report, we will 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 provide 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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