Real Estate

İlbak Holding is also assertive in the field of real estate development as it is in any industry it takes part!
 

REAL ESTATE INDUSTRY IN TURKEY AND ILBAK HOLDING

Real estate industry is growing rapidly in Turkey thanks to several factors from population growth speed to increase of immigration to big cities, from urban transformation projects to landscaping within urbanization plans.

According to the GYODER (Real Estate and Real Estate Investment Partners Association) report; the 'house sales' figures, which is one of the most important indicators of the construction and real estate industry in Turkey, although the acceleration in the nine-month period of 2022 has decreased, it can be said that the upward trend in house sales continues. In the nine-month period, 1 million 57 thousand houses were sold, indicating an increase of 11.4 percent compared to the same period of the previous year. According to sales types, the most significant increase was experienced in mortgaged sales compared to the first half of 2021. In the same period of 2022, mortgage sales were totally 181.000 with an increase of 25.7 percent. It can be said that the demand has lost some of its power. However, sales to foreigners continue strongly due to the developments in nearby geographies and the effect of the decline in the foreign currency value of the TL. House sales to foreigners increased by 32.5 percent in the January-September period compared to the same period of the previous year and reached 49.644.

İlbak Holding, with the experience, knowledge and skill set it has gained in developing the facilities needed, is assertive in the real estate industry, as it is in every other in which it is involved. İlbak Holding further plans to actualize new housing projects which land procurement, project management and construction stage it will execute at its own scope.

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