"Turkey Real Estate Report Q1 2015" now available at Fast Market Research
Recently published research from Business Monitor International, "Turkey Real Estate Report Q1 2015", is now available at Fast Market Research
[USPRwire, Tue Jan 20 2015] Turkey's commercial real estate sector has established itself as one of the strongest performers in Europe with robust levels of consumer-led growth supporting significant expansion in the market over the past few years. The retail and office markets have been the recipient of growing levels of international interest, with the shopping mall segment in particular undergo rapid development. However, the industrial sub-sector has remained lacklustre as the export market has come under increasing pressure.
The Q115 Turkey real estate report focuses on the country's two principal commercial real estate markets of Istanbul and Ankara and monitors developments and performance of the office, retail and industrial segments in both cities. The key theme we are witnessing across the sector is growth, with the country's robust economic expansion continuing to fuel demand for commercial space in various segments of the market.
The nature of Turkey's economic success story, which has been based primarily on internal demand and a thriving consumer sector, means that recent expansion has tended to focus on the office and retail segments, rather than the industrial sub-sector. In particular, the past few years have witnessed remarkable expansion in the shopping mall market as rising income levels have resulted in greater demand for Western brands and has encouraged foreign retailers such as Apple to enter the market. Both Ankara and Istanbul have been the recipients of several major new shopping centre developments over the past few years. The latter is now home to Europe's second largest shopping mall, with a number of new facilities set to come online over the coming months.
The office sector has also performed well. The government is hoping that Istanbul will become a global financial hub, and developments around this have spurred the current development of around 800,000 square metres (sq m) of office space in the city. Such development is sorely needed, as...
The Turkey Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.
BMI's Turkey Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in Turkey.
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