Economics
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According to the data published in the quarterly real estate market report in Turkey, 624 thousand apartments and houses were sold in the country for the six months of 2020. What preceded this? The last quarter of 2019 (as well as the first two months in 2020) turned out to be quite busy for the Turkish economy and its commercial structures....
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The engineering and construction company KDM, which provides construction, management and rental services for more than fifty shopping centres, has published a map of shopping centres in Turkey. According to the results of the company's research, in 2006-2015, 278 shopping centres were opened in the country, in 2016-2020 - 80 shopping centres. Now...
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420 thousand apartments and houses were sold in Turkey in June and July 2020. These figures have been published by Emlak Kulisi, the construction and real estate newspaper in Turkey. The reason for the record sales is the mortgage campaign with the interest rate lowered to the lowest level of 0.64 percent. So in June 2020, 192,012 housing objects...
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Representatives of Turkish construction companies, included in the TOP-250 best developers in 2020, spoke about the plans and the real state of the sector. According to Bloomberg LP with reference to the Turkish Contractors Association, 44 Turkish construction companies were included in the 2020 world ranking. Turkey ranked second in terms of the...
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The American magazine on construction Engineering News Record (ENR) has published the list of the 250 largest contraction companies in the world. Turkey is already in the second place in the ranking! The ENR professional rating is based on the annual income of international construction companies at home and abroad. In last year's ranking,...
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By 2023, 39 new shopping centers will have been launched in Turkey. This news has been announced by Doctor of Science, Professor Husein Altash, who heads the Association of Shopping Centers and Investors of Turkey (AYD). Now there are 436 shopping centers in the Republic, and by 2023 there will be 475 of them. The flow of investments in this area...
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The Turkish building materials market, the sector most affected by the pandemic, is recovering from the coronavirus pandemic. The Association of Turkish Building Materials Manufacturers (IMSAD) released industry data for July, showing that the impact of the pandemic continues to wane. The building materials market, which rebounded slightly in June...
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Large investment and construction companies in Turkey are increasingly moving to Europe. We have already talked about the fact that Turkish developers working abroad have to look for new markets today. The internal problems in Russia, the Middle East and North African countries, with which contractors from Turkey have worked so far, forced...
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Emlak Kulisi, a Turkey's real estate newspaper, listed the key problems the Turkish construction sector is experiencing now. Problem No. 1: industry cutdown In 2019, the construction industry of the Republic experienced a sharp decline (by 8.6 percent) due to the political situation. Construction expenses decreased (by 9.8 percent),...
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The Turkish Statistics Institute has published the report on the Consumer Confidence Index, an indicator designed to measure the degree of optimism of residents about the state of the economy (expressed in terms of consumption and savings). According to the published July 2020 data, the index of confidence in the construction industry in Turkey...
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