A Linkage Analysis of Türkiye Real Estate Sector Based on Input-Output Model and Interpretive Structural Modelling

The real estate industry is critical to driving economic growth in many countries. In Türkiye specifically, this sector has exhibited remarkable development and resilience for the past decade, consistently serving as the primary supporter and catalyst for the country’s economy. This study focuses on two main research objectives: the role of the real estate sector as a driver of economic growth through input-output linkage analysis and the identification of critical enablers for real estate sector growth using Interpretive Structural Modelling (ISM). The study emphasizes the real estate industry’s reliance on inputs and resources from other sectors of the Turkish economy. It highlights the sector’s strong backward linkages within the Turkish economy. Moreover, ISM results reveal real estate sector growth enablers, such as government policies, particularly those promoting green building and sustainable practices. The results of the linkage analysis and ISM emphasize the importance of the real estate sector to the Turkish economy, demonstrating its significant impact as a growth driver and its interconnectedness with other sectors. The results have the potential to significantly support policymakers in their efforts. It could further develop the sector towards inclusive and sustainable growth.