THE FUTURE OF REAL ESTATE IN TÜRKİYE WILL BE DETERMINED BY DATA, NOT PROJECTS

The real estate sector in Türkiye has been one of the strongest engines of the economy for many years.
Cities have expanded.
Infrastructure investments have increased.
Urban transformation projects have accelerated.

Today, real estate investment in Türkiye is not only an investment tool; it has also become an important component of economic growth, urban planning, and social policy.

Especially over the last twenty years, thanks to housing production, urban transformation projects, and major infrastructure investments, the real estate sector has become one of the fundamental dynamics of the Turkish economy.

However, as the sector has grown, a striking reality has also emerged:
The real estate market in Türkiye has expanded, but market depth has not developed at the same pace.

How Are Real Estate Prices Actually Formed in Türkiye?

Today, one of the most important questions in the real estate market in Türkiye is this:
How is the real price formed?

Most of the prices we see in the market are based on listing data.
However, the real price is actually formed through transactions recorded in the title deed.

This situation reveals an important structural issue in the Turkish real estate market:
A lack of data and limited market transparency.

Three Fundamental Elements of Developed Real Estate Markets

In developed countries, there are three fundamental elements that ensure the healthy growth of the real estate market:

• data
• transparency
• liquidity

When these three elements come together, the real estate sector ceases to be merely a field where physical assets are bought and sold.
It transforms into a truly institutional investment market.

A New Era Is Beginning in the Turkish Real Estate Market

In recent years, important initiatives have begun to emerge in this direction in Türkiye.

Various platforms and digital solutions are being developed in order to provide a more transparent and systematic structure for real estate transactions.

For example, initiatives such as Gayrimenkul Borsası A.Ş. are among the significant projects aiming to increase liquidity and improve the transaction infrastructure in the real estate market.

Such initiatives are developments that should be closely followed for the future of the real estate market in Türkiye.

However, there is a critical point here:
Transaction platforms alone cannot create a strong market.

Why Is the Data Economy in Real Estate Critical?

For real market depth, a strong data ecosystem must emerge alongside transaction platforms.

Because:

• investor confidence
• market transparency
• accurate price discovery

are only possible through data.

Today, one of the most important factors determining the development of real estate markets around the world is the emergence of the real estate data economy.

Three Areas That Will Shape the Future of the Real Estate Sector

In the coming period in Türkiye, the transformation of the real estate sector will largely take place in three areas:

• real estate data analytics
• digital property valuation systems
• real estate investment platforms

The real estate sector is no longer only an area where buying and selling transactions take place; it is transforming into an investment ecosystem analyzed through big data.

A Major Opportunity for the Turkish Real Estate Market

This transformation presents an important opportunity for Türkiye.

If the right real estate data infrastructure can be established,
market transparency can be increased,
and investor confidence can be strengthened,

the Turkish real estate market may become a strong investment destination not only for regional investors but also for global investors.

The Future of the Real Estate Market in Türkiye

At this point, an important question stands before the sector:

Will the future of the real estate market in Türkiye be determined only by new projects, or by a market structure based on data?

Perhaps the issue we should now be discussing is this:

The next phase of the real estate market in Türkiye may not be producing more projects,
but building a stronger data and market infrastructure.

Mustafa Yılmaz

CEO – Anadolu Properties

Avrupa – Türkiye Yatırım Köprüsü