Housing sector will continue to be leading sector for Turkey’s economic growth

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According to the “Overview of the Real Estate and Housing Sector” report by Emlak Konut REIC that is the largest and state-run real estate investment company in home for sale in Istanbul, Turkey, construction and housing sector will continue to be leading sector for economic growth.

In the report, trends, housing prices in Turkey and abroad, and effects of global economic developments to the housing sector evaluated at great length.

Report says that there are intensive housing demands from low and lower middle-income groups.

“In Turkish housing sector, housing demands of middle and lower middle income groups continue intensively. And, housing demands of upper middle and high-income groups are increasing. Turkish construction and housing sector will continue to be one of the leading sectors of growing Turkey”, report says.

When Turkish housing sector compared with world, and according to the demographic and economic developments, sector has much more potential. Report also says that, fluctuations on prices should not be named as ‘bubble’ or ‘collapse’.

“As long as dynamic structure and stability in Turkey continue, sector will grow.”