1 Million Housing Units İn Turkey Changed Hands A Year

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Property and Real Estate Investment Trust Association (GYODER) three sub-segments of the real estate sector, which examines on a quarterly basis "GYODER Turkey Real Estate Sector Index 1st Quarter 2017 Report" was published.

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Report that examined the dynamics of the real estate sector in Turkey, from Turkey and the world economy, basic macroeconomic indicators, domestic production figures from the industry, is being held up to light the real estate sector by transferring important information to various statistics. In the report, the last 15-year period in the industry very quickly change record it, indicating that the socio-economic base of one housing prices from discussing important point, with a real increase in real estate prices was emphasized that a direct relationship between economic growth.

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Turkey's steadily rising in the global construction market, market share even mentioned in the report is one of the fastest growing countries, was made the following statements:

"The average price of housing in Turkey has increased by 43.09 percent in real terms between January 2012 and January 2017. In the new housing price index, the average price of housing has increased by 35.72 percent in the same period, the increase in the indices, the vitality of the sector and the continuity of the demand were pointed out. During the supply of housing in Turkey, the demand for housing started to gradually increase. Approximately 1 million houses changed hands annually and 650 In Turkey, where the city continues to migrate to the city, the rate of urbanization is 78 percent and the population is 60 million, and it is expected that the city will continue to migrate until the year 2023 and the urbanization rate will rise to 84 percent.

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According to this, the urban population is estimated to be 71 million in 2023. Due to this migration-induced urbanization, housing demand is expected to continue in cities that have migrated to 2025. Considering demographic and economic developments and compared to the world, the industry seems to have more potential. The Turkish construction and housing sector will continue to be among the locomotive sectors of growing Turkey. Therefore, as Turkey and the sector continue to maintain stability and dynamic structure, the trend in the medium-term will be on the path of growth. "

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