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 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.
Factors such as expanding urbanization, escalating population, as well as increasing demand for housing and commercial spaces, are responsible for the growth of the Turkey real estate market. Additionally, the market is supported by high urban development in cities including Istanbul, Ankara, Izmir, etc., which is leading to a surge in residential construction to cater to the needs of a growing population.
Besides this, incentives by government authorities, such as reduced taxes for foreign investors and the citizenship-by-investment program, are attracting international buyers, particularly from the Middle East and Europe. These initiatives are boosting both the residential and commercial real estate sectors. The recovery of the tourism industry and the increasing popularity of Turkey as a destination for property investment are further contributing to the market’s expansion.
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Turkey Real Estate Market Trends & Drivers:
Another key trend in the Turkey real estate market is the shift towards sustainable and smart buildings. In addition to this, rising environmental awareness and regulations by government authorities are encouraging developers to focus on energy-efficient designs and eco-friendly construction materials. Smart home technologies, including automation and energy management systems, are increasingly being integrated into new developments, catering to a tech-savvy and environmentally conscious clientele.
Furthermore, the expansion of infrastructure projects such as highways, airports, and public transport systems is improving connectivity and enhancing the attractiveness of suburban and peripheral areas for real estate development. The ongoing urban regeneration projects in major cities, aimed at modernizing old neighborhoods and improving living conditions, are also contributing to the growth of the Turkey real estate market, which is expected to remain robust in the coming years.
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.
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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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