Real Estate

REAL ESTATE IN TÜRKİYE and İLBAK HOLDING

The real estate sector is growing rapidly due to many factors ranging from population growth to increased migration to big cities, from urban transformation projects to environmental regulations within urbanization plans.

According to the GYODER (Real Estate and Real Estate Investment Partners Association) report:

With regard to the construction and real estate industry in Türkiye, the number of "housing sales" is one of the most significant indications of developments in the real estate market. From January 3, 2024, through July 3,  2024, 671,162 housing units were sold.

In the January to July 2024 period, new sales increased by 5.6 percent compared to the same period of the previous year, reaching 214,108 units.

The construction sector had a 6.5% share in GDP at current prices in the 2nd quarter of 2024, with a growth rate of 89.0% compared to the same period of the previous year.

In the second quarter of 2024, housing sales amounted to 265,470 units.

With the experience, know-how, and equipment it has acquired in developing the facilities required to meet its needs, İlbak Holding is as assertive in real estate as it is in every sector it is involved in.

Additionally, İlbak Holding intends to implement new housing projects, for which it manages the project, purchases land, and builds the structure internally.