Turkey’s Construction Industry 2023 By Levent Eriguc Posted in Market Trends On 21 February 2023 Good news for Turkey’s construction industry! The confidence index increased by 5.1% in January, and developers are actively starting new projects to meet the growing demand for housing. Despite this growth, there’s still a housing shortage, and construction efforts will soon focus on rebuilding earthquake-damaged areas in ten provinces. As a result, real estate prices are expected to rise sharply. In fact, the latest data shows that real estate prices in Turkey grew by an average of 175% year-on-year.