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Turkey Real Estate Report Q1 2015

  • ID: 3071292
  • January 2015
  • Region: Turkey
  • 72 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Emlak Konut REIT
  • Enka Insaat
  • MORE

BMI View: Turkey's commercial real estate sector has established itself as one of the strongest performers in Europe with robust levels of consumer-led growth supporting significant expansion in the market over the past few years. The retail and office markets have been the recipient of growing levels of international interest, with the shopping mall segment in particular undergo rapid development. However, the industrial sub-sector has remained lacklustre as the export market has come under increasing pressure.

The Q115 Turkey real estate report focuses on the country's two principal commercial real estate markets of Istanbul and Ankara and monitors developments and performance of the office, retail and industrial segments in both cities. The key theme we are witnessing across the sector is growth, with the country's robust economic expansion continuing to fuel demand for commercial space in various segments of the market.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Emlak Konut REIT
  • Enka Insaat
  • MORE

BMI Industry View 7

SWOT 9

Political 11

Economic 13

Business Environment 14

Industry Forecast 15

Office 16
Table: Forecast Office Rental Rates, 2015-2016 (USD per sq m per month) 17
Table: Forecast Office Net Yields, 2015-2016 (%) 17

Retail 17
Table: Forecast Retail Rental Rates, 2015-2016 (USD per sq m per month) 18
Table: Forecast Retail Net Yields, 2015-2016 (%) 18

Industrial 19
Table: Forecast Industrial Rental Rates, 2015-2016 (USD per sq m per month) 19
Table: Forecast Industrial Net Yields, 2015-2016 (%) 19

Construction And Infrastructure Forecast Scenario 20
Table: Infrastructure & Construction Industry Data (Turkey 2012-2017) 20
Table: Infrastructure & Construction Industry Data (Turkey 2018-2023) 21

Macroeconomic Forecast 27

Economic Analysis 27
Table: GDP By Expenditure (Turkey 2011-2018) 35

Industry Risk Reward Ratings 36

Central And Eastern Europe - Risk/Reward Index 36
Table: Central And Eastern Europe Real Estate Risk/Reward Index 36

Turkey - Risk/Reward Index 37

Market Overview 39

Office 42
Table: Historical Rental Rates, 2012-2014 (USD per sq m per month) 43
Table: Historical Net Yields, 2013-2014 (%) 43
Table: Terms Of Rental Contract/Leases, H114 44

Retail 45
Table: Historical Rental Costs, 2013-2014 (USD per sq m per month) 46
Table: Historical Net Yields, 2013-2014 (%) 46
Table: Terms Of Rental Contract/Leases, H114 47

Industrial 48
Table: Historical Rental Costs, 2013-2014 (USD per sq m per month) 49
Table: Historical Net Yields, 2013-2014 (%) 49
Table: Terms Of Rental Contract/Leases, H114 50

Competitive Landscape 51

Company Profile 53

Emlak Konut REIT 53

Sinpas Gayrimenkul Yatirim Ortakligi 55

Enka Insaat 57

Nurol Insaat ve Ticaret AS 60

Demographic Forecast 63
Table: Population Headline Indicators (Turkey 1990-2025) 64
Table: Key Population Ratios (Turkey 1990-2025) 64
Table: Urban/Rural Population & Life Expectancy (Turkey 1990-2025) 65
Table: Population By Age Group (Turkey 1990-2025) 65
Table: Population By Age Group % (Turkey 1990-2025) 66

Methodology 68

Industry Forecast Methodology 68

Sources 69

Risk/Reward Index Methodology 70
Table: Real Estate Risk/Reward Index Indicators 71
Table: Weighting Of Indicators 72

Note: Product cover images may vary from those shown
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Emlak Konut REIT
Sinpas Gayrimenkul Yatirim Ortakligi
Enka Insaat
Nurol Insaat ve Ticaret AS

Note: Product cover images may vary from those shown
4 of 4
Note: Product cover images may vary from those shown

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