DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/1808c6/turkey_real_estate) has announced the addition of the "Turkey Real Estate Report Q1 2011" report to their offering.
Turkey Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Turkey's Real Estate industry.
At first glance, Turkeys commercial real estate market looks similar to many others across Central and Eastern Europe. The global financial crisis exacerbated macroeconomic imbalances, demand for rental space fell and rents dropped by around one-fifth over the course of 2009. Conditions became more challenging for many players.
In fact, it is the differences between the commercial real estate sector of Turkey and its counterparts in nearby countries that are much more important. Unlike the US, UK and certain parts of Western Europe (and, indeed, Central and Eastern Europe), Turkish banks have been restrained, and non-financial enterprises and households are under-geared. The building boom in Istanbul was not funded by aggressive lending. One implication of this is that distress selling of property by over-extended investors and developers is far less likely in Turkey than it is in other countries. Another implication is that Turkey will likely sustain significantly higher economic growth rates through 2011-2015 than most of the EU.
In early 2010, BMI were concerned that commercial real estate protagonists would have to deal with a massive over-supply of space in both the office and the retail sub-sectors. In actual fact, our interviews with in-country sources in the middle of the year indicated that the vacant space has been absorbed. Rental rates have been rising rapidly in the office sub-sector and tracking sideways in the retail subsector.
Key Topics Covered:
- Executive Summary
- SWOT Analysis
- Regional Real Estate Overview
- Real Estate Market Overview
- Forecast Scenario
- Business Environment
- Company Monitor
- Methodology
Companies Mentioned:
- Sinpas Gayrimenkul Yatirim Ortakligi AS
For more information visit http://www.researchandmarkets.com/research/1808c6/turkey_real_estate