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CONSTRUCTION SECTOR OVERVIEW

Ana Sayfa»CONSTRUCTION SECTOR OVERVIEW

CONSTRUCTION SECTOR OVERVIEW

25 Ocak 19 |

1. In 2017, housing loan rates, which were 12 percent on average, stood at 29 percent in the third quarter of 2018.

2. In the first 10 months of 2018, mortgage housing sales decreased by 34 percent compared to the same period of 2017.

3. In the first 10 months of 2018, foreigners' investment in real estate area remained stable at $ 4.1 billion in the same period of 2017.

4. In the third quarter of 2018, housing prices inflation in Istanbul and Ankara tended to recover, while price hikes in Izmir, which remained high until mid-year, slowed down sharply.

5. In the first 10 months of 2018, new leases in the commercial real estate sector decreased by 3.31 percent compared to the same period of the previous year. Nearly a quarter of the offices in Istanbul, the heart of the economy, are vacant.

6. In Turkey, which is the end of 2017 the number of shopping centers reached 429 in 2018 to 448 as of the end of October.

7. While the tourism sector, the hotel occupancy rate of 66.4 percent in the third quarter of 2018 in Turkey, 70 percent to the level of output in Istanbul. On the other hand, although the room prices in the sector recovered slightly compared to 2017, they are still below 2016 levels.

8. The cost of projects undertaken by Turkish contracting companies abroad amounted to 15.8 billion dollars in the first 11 months of 2018.

9. As of 2017, the same number of previous years, ie 46 Turkish firms, took place in the list of 46 the world's 250 largest international contractors 9.. Turkey ranks second after China in the list with this number.

10. Turkish companies in the list ranked 8th in the list with the revenues they obtained in 2017. The Turkish contracting sector received a share of 23.2 billion dollars in the amount of 4.8 percent of the global income cake totaling 482.4 billion dollars.