The number of high-growth enterprises in the real estate sector in Turkey saw an overall positive trend from 2014 onwards, increasing significantly from 205 enterprises in 2014 to 312 in 2023, marking a 6.48% increase over the previous year. In recent years, the market displayed fluctuations, with notable growth rates in 2018 (29.38%) and 2021 (14.47%). The five-year CAGR leading up to 2023 stood at 4.45%. With projections indicating continued growth, albeit at a slower pace, the number of enterprises is expected to reach 346 units by 2028, averaging a CAGR of 1.45% over the forecast period. This indicates a forecasted growth rate of 7.45% over five years.
Future trends to watch for include:
- Technological advancements in property management and real estate transactions
- Increasing foreign investment in Turkish real estate market
- Regulatory changes and government policies aimed at supporting the sector
- Rising interest in sustainable and eco-friendly real estate projects
