Turkey Residential Real Estate Market Share 2023, Growth Drivers, Upcoming Trends, Revenue, Key Manufactures, Opportunities and Forecast 2033: SPER Market Research

Residential real estate of all kinds, including apartments, bungalows, and villas, can be bought and sold in this industry. Turkey, known for fusing oriental and European characteristics, offers a compelling prospect supported by tourism, a strong infrastructure, effective transportation, and a comfortable way of life. Turkey is at a unique intersection where environmental sustainability and urban renewal are interacting to create housing options that are more affordable, higher-quality, and more community-focused.

According to SPER market research, ‘Turkey Residential Real Estate Market Size- By Type, By Areas - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Turkey Residential Real Estate Market is predicted to reach USD 259.46 billion by 2033 with a CAGR of 11.4%

The Residential real estate market is influenced by a number of factors and has a number of difficulties; the country's great cultural and geographic diversity, as well as its established infrastructure and desired living conditions, make it appealing to both domestic and foreign purchasers. A growing population and a thriving tourism economy both contribute to rising housing demand. Government initiatives such as urban redevelopment projects and tax breaks for foreign investors also contribute to market growth.

However, the market does confront certain challenges. Regulatory issues, bureaucratic procedures, and even legal concerns can pose difficulties for both developers and buyers. Economic volatility, changing exchange rates, and financing issues may all have an impact on property transactions. Urbanisation and population growth raise the demand for housing, necessitating competent and sustainable urban planning. Another issue that must be addressed is how to strike a balance between finding low-cost housing solutions and safeguarding property values.

Request For Free Sample Report @ https://www.sperresearch.com/report-store/turkey-residential-real-estate-market.aspx?sample=1

The Turkish residential market remained active in 2020 despite the COVID-19 pandemic because interest rates were falling. A record-breaking number of homes were sold during the year as a result. However, the share of mortgaged sales in the total number of sales fell in the first half of 2021 as a result of higher interest rates compared to the same time in 2020.

Furthermore, Turkey's residential real estate market is a complicated and varied terrain with regional differences that highlight the nation's distinctive physical, economic, and cultural characteristics. The real estate market is characterized by high demand and quick development in major cities like Istanbul, Ankara, and Izmir. These metropolitan areas act as economic centres, luring both domestic and foreign investors. A growing middle class and increased urbanization are the main causes of the high demand for luxury apartments, contemporary housing developments, and commercial buildings in major metropolitan areas. Additionally, some of the market key players are Agaoglu Group, Alarko Holding, Artas Group, Ege Yapı, Novron, Others.

Turkey Real Estate Market Segmentation:

By Type: Based on the Service Type, Turkey Residential Real Estate Market is segmented as; Apartments, Condominiums, Landed Houses, Villas.

By Areas: Based on the Areas, Turkey Residential Real Estate Market is segmented as; Rural Markets, Suburban Markets, Urban Markets.

By Region: This report also provides the data for key regional segments of Antalya, Bodrum, Bursa, Fethiye, Istanbul and rest of Turkey.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

For More Information about this Report: –

Turkey Residential Real Estate Market Forecast

Related Reports:

Singapore Construction Market Size- By Sector - Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Cable Tray Market Size- By Type, By Material, By Coating, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Follow Us –

LinkedIn | Instagram | Facebook | Twitter

Contact Us:

Sara Lopes, Business Consultant – U.S.A.

SPER Market Research

[email protected]

+1-347-460-2899