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What will happen in 2014? |Capital / 01.02.2014

Stating “the prices will continue to rise in parallel with the inflation rate”, Nurol REIT General Manager Musa Aykaç also underlined that the price increase in the branded residences will be higher and made evaluations on the expectations for 2014 and on the foreseen progress in the sector. Construction and housing are the locomotive sectors of Turkey. It dominates over 200 sub-sectors. Thus, the growth figures in this area are extremely important. Growing at a rate of 1-1,5% in 2012, the housing sector ended 2013 with 1 million sales and a growth rate of 5-6%. Expectations for 2014 are below those of 2013. This cautious approach is affected by the economic conjuncture, political environment and election economy. According to experts, the mention of the names of actors in the sector during the discussions on the agenda has an impact on the demand side. However, the interest in branded and reliable projects is expected to continue all the time. Expectations for 2014 have the implications that the new housing production and sales will be around 600 000 and at least 700 000, respectively.

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