Search and Filter Through Our Comprehensive Database of Residential Building (Design & Construction) Projects and Tenders in Turkey
Identify and track latest residential building (design & construction) projects (upcoming, ongoing/under-construction, completed), tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Turkey.
Turkey Residential Building (Design & Construction) Industry Analysis
The new residential buildings construction projects industry in Turkey has been going through some major changes in recent years. With the rapid growth in population and urbanization, there has been a huge demand for new homes in the country. This has resulted in a surge in new residential construction projects all over the country. In this article, we will discuss the current scenario of the industry and its outlook for the future.
Current Scenario
The construction industry in Turkey has been one of the key drivers of the country's economic growth. According to the Turkish Statistical Institute, the construction industry accounts for around 7% of the country's gross domestic product (GDP). The industry has been expanding at a rapid pace, with new residential construction projects being a major contributor to this growth.
The demand for new homes in Turkey has been rising due to several factors. The country has a rapidly growing population, with more than 82 million people living in Turkey currently. The urbanization rate in the country has also been increasing, with more and more people moving from rural areas to urban centers. This has led to a shortage of housing in cities, which has further fueled the demand for new residential construction projects.
The construction industry in Turkey has also been boosted by government policies that aim to promote economic growth. The government has been offering incentives to developers to build new homes, which has led to a surge in construction activity. The government has also been investing in infrastructure projects, such as highways, airports, and public transportation, which has further boosted the construction industry.
However, the industry has also faced some challenges in recent years. The COVID-19 pandemic has had a significant impact on the industry, with construction activity slowing down during the lockdown periods. The rising cost of raw materials, such as steel and cement, has also been a challenge for the industry. The industry has also faced issues related to quality and safety, with some projects being criticized for poor construction standards.
Industry Outlook
The outlook for the new residential buildings construction projects industry in Turkey remains positive. The demand for new homes is expected to continue to rise in the coming years, driven by population growth and urbanization. The government's policies to promote economic growth and investment in infrastructure will also continue to support the industry.
However, the industry will need to address the challenges it faces. The COVID-19 pandemic has highlighted the need for the industry to adopt new technologies and processes to ensure safety and quality in construction projects. The industry will also need to find ways to reduce the rising cost of raw materials and address issues related to labor shortages.
In conclusion, the new residential buildings construction projects industry in Turkey is a key driver of the country's economic growth. Despite the challenges it faces, the industry's outlook remains positive, with the demand for new homes expected to continue to rise in the coming years. The industry will need to address the challenges it faces and adopt new technologies and processes to ensure safety and quality in construction projects.
Looking for a List of Residential Building (Design & Construction) Projects in Turkey?
Are you searching for residential building (design & construction) projects and tenders in Turkey?
We have compiled the most comprehensive and up-to-date database of global projects and tenders to quickly find opportunities needing your services.
Blackridge Research's Global Project and Tender database is a valuable resource for EPC companies, general contractors, subcontractors, manufacturers, suppliers, operation & maintenance (O&M) companies, investors, consulting companies, and law firms looking for new business opportunities.
Our database includes all the essential project details, contact information of project owners and stakeholders, making it easy for you to establish your connection and grow your business.
Free! No Strings Attached :) 
