With a population of almost 82 million people, Turkey is one of Europe’s most promising real estate markets due to its strategic location at the crossroads of Europe, the Middle East, and Central Asia. The country offers excellent real estate developers and investors opportunities by combining a large construction sector with growing commercial and industrial output.

Turkey’s population is growing at a rapid pace, while the new housing stock is plummeting. Its construction activity is growing rapidly. The country’s construction industry grew by 25.1 percent in the first six months of 2018, compared to the same period last year, according to the Turkish Statistical Institute (TurkStat). The growth rate is even more astonishing when compared to the growth rate of the overall construction sector in the same period, which was only 6.1 percent.