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Real Estate Markets and Submarkets in Türkiye

In: Understanding Türkiye’s Real Estate Markets

Author

Listed:
  • Ali Parsa

    (Westminster Business School, University of Westminster)

  • Ece Sert Özcan

    (Office Leasing Manager, İstanbul Finance Centre)

  • Salih Demirkaya

    (Ankara University, Department of Real Estate Development and Management, Faculty of Applied Sciences)

Abstract

Türkiye’s real estate market is emerging and continues to attract significant investment. The country is a major hub for tourism, logistics, and office services. In recent years, substantial retail and residential developments have been made. Türkiye is also considered an important transit point for human migration from the Middle East and Eastern countries, and it is an appealing centre for Europe and the Gulf Region due to its natural and historical attributes. Simultaneously, it is becoming a land of opportunity for economic investments. The COVID-19 pandemic has had a profound impact on the world, with its subsequent economic effects continuing to linger. It is essential to note that restrictions on energy use and production have adverse consequences. Similarly, the construction sector and the real estate sector in Türkiye have been affected, mirroring global trends. The economic repercussions within these sectors’ sub-sectors have led to a shift in balance. This chapter assesses the factors influencing the real estate market in Türkiye, considering recent economic developments supported by economic data.

Suggested Citation

  • Ali Parsa & Ece Sert Özcan & Salih Demirkaya, 2026. "Real Estate Markets and Submarkets in Türkiye," Management for Professionals, in: Tobias Just & Harun Tanrıvermiş & Yeşim Tanrıvermiş (ed.), Understanding Türkiye’s Real Estate Markets, pages 397-428, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-032-13297-0_19
    DOI: 10.1007/978-3-032-13297-0_19
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