Turkish construction market to grow by 4.76% year-over-year in 2022
The construction market in Turkey is expected to grow by USD 51.64 billion from 2021 to 2026, and the market growth rate will accelerate.
The data from Yahoo Finance reveals that construction of earthquake-resilient houses is a main trend of the construction market growth in Turkey. The Urban Renewal Project will be developed for cities with a high risk of earthquakes such as Istanbul, Burdur, Bursa, Izmir and other areas of Istanbul's Kadikoy district. In addition, as part of the project, 7 million earthquake-prone houses will be demolished. The financial aid to the owners of the demolished buildings will be provided with interest-free loans for new properties and a one-off payment to the residents.
From 17,530,000 TRY
Completion in: 2027.IV Total of 2644 apartments
From 12,381,000 TRY
Completion in: 2026.IV Total of 294 apartments
From 15,848,000 TRY
Completion in: 2026.II Total of 369 apartments
From 27,239,000 TRY
Built in 2025 Total of 544 apartments
From 35,658,000 TRY
Completion in: 2026.IV Total of 295 apartments
From 23,970,000 TRY
Completion in: 2026.II Total of 781 apartments
From 14,107,000 TRY
Completion in: 2026.IV Total of 2800 apartments
From 48,584,000 TRY
Built in 2024 Total of 1557 apartments
The main factors of the increase in sales of residential apartments are the lower interest rates on home loans, advertising strategies of banks, tourism, improved transport and energy infrastructure in the country.
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