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Report Published: "Turkey Real Estate Report Q4 2014"

Turkey's commercial real estate market has upheld its reputation as of the strongest perform er in Europe , with growth following an upward trajectory spurred on in particular by a blossoming retail sector. The industrial segment continues to underperform in terms of rent, yields and construction growth , but with growth expected in exports there is hope that the sub-sector can return to growth.

With a focus on the two principal cities of Istanbul and Ankara, this report covers the commercial real estate market's performance in terms of rates and yields, with a focus on office, retail and industrial real estate.

Full Report Details at

Although the Turkish economy no longer enjoys the high levels of GDP growth it maintained up until the eurozone crisis, the economic situation remains stable, and we forecast 3.2% growth over the 2014-2018. Greater demand for Western brands has encouraged foreign retailers to enter the market, which is stimulating retail development and buoying rental rates, particularly in Ankara and Istanbul.

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 Istanbul's central business district has a vacancy rate of less than 1.0%.

Industrial real estate, however, will continue to struggle in the short term. There is some cause for optimism as export growth is forecast into 2015, especially with regards to textiles and jewellery. Export of textiles grew by 8% to USD17.4bn in 2013, according to data from Turkish Clothing Manufacturers Association. This has prompted the government to draft plans to establish a logistics centre for textiles, apparel and leather.

 Recent Developments 

 *  In April 2014 Apple opened its first Turkish store, in Istanbul. Three more stores for Turkey are in the pipeline.
 *  British shoe...

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.

Key Benefits

 * Benchmark BMI's independent real estate industry forecasts for Turkey to test other views - a key input for successful budgeting and strategic business planning in the Turkish real estate market.
 * Target business opportunities and risks in Turkey through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
 * Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering real estate and construction, regulatory changes, major investments and projects and significant national and multinational company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the real estate sector and within the broader political, financial, economic and business environment.

Market Overview

Overview of the real estate sector, including analysis of existing/planned real estate developments and emerging industry trends in the office, industrial and commercial sectors.

Market Analysis

Features detailed city-level data and analysis on rental prices, yields, contract terms and real estate availability with separate chapters covering the office, retail and industrial sub-sectors.

Industry Forecast Scenario

Historical data series (2010-2012) and forecasts to end-2018 for the domestic real estate industry and for the local and global finance industry. Indicators include:

Real Estate: Office, retail and industrial real estate yields for all major cities (%); short-term forecasts on minimum and maximum real estate rental prices by sub-sector (US$ per square metre, and local currency per square metre)

Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%)

Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$)

Business Environment Rankings

BMI's Real Estate Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (real estate vendors, construction companies and financial investors) in the regional real estate market.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses.

The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available.  Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156.


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