Commercial Real Estate in Turkey 2022
During the past 12 months, the real estate and construction sectors have been subject to the effects of the novel coronavirus (COVID-19) pandemic and inflation. Housing sales numbers were high in 2020, especially due to the positive effect of low interest housing loans by public banks. The number of housing units sold in Turkey through to the end of Q3 2020 was 536,000, compared to 396,000 in the same period in 2021.
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This article was first published in the PLC “Commercial Real Estate in Turkey 2022” and is reproduced with the permission of the publisher, Thomson Reuters.