The production in real estate activities in Turkey has exhibited a strong upward trend, with values increasing from 21.28 billion New Turkish Liras in 2013 to 459.49 billion New Turkish Liras in 2023. Over the last two years (2023), year-on-year variations have surged dramatically, reaching a significant 65.55% in 2023. This shows a steep growth acceleration compared to earlier years. The Compound Annual Growth Rate (CAGR) over the last five years stands at an impressive 55.98%, indicating robust and sustained growth.
Looking forward, the forecasted data from 2024 to 2028 suggest continued growth, albeit at a moderated average CAGR of 16.06% over this five-year period. Key trends to watch include policy changes, economic factors influencing investment in real estate, and the dynamics of demand and supply within the sector.
