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IntelliNews Turkish Construction Report

DateApr, 2007
Pages8
Price / format€350 / Site License

€350 

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Abstract:
 Turkish Construction Sector Report offers an extensive summary of the Turkish construction sector. It includes a complete coverage of the latest developments as well as the latest corporate news accompanied by statistical data. This sector report is ideal to keep you abreast on recent company and industry news. Written by local analysts, it is a unique market and business intelligence analysis, tailored to save time by providing in-depth information, while helping you to make confident and informed business decisions. THE REPORT COVERS THE PERIOD JANUARY - MARCH 2007.





The expansion in construction sector slowed down in Q4/2006, however construction sector continues to be the main driver behind the strong GDP growth. In the whole 2006, the sector posted a 19.4% growth. The traces of expansion in the sector can also be seen in construction related activity and data such as cement production and sale figures, number of building permits, housing loans and employment data. The long-waited mortgage bill has been adopted by the parliament and this piece of legislation will no doubt give a further boost to the construction activities. The sector is likely to maintain its high growth rates in the coming quarters of this year however market fluctuations triggered by political developments are seen as the major threats to this projection.

HIGHLIGHTS

- Construction sector expands by 16.1% in Q4/2006, against 5.2% GDP growth
- Construction activities by public sector declines by 16.6 y/y in Q4/2006
- Building construction costs index increases by 20.6% y/y in Q4/2006
- Number of construction permits for buildings rises by 5.4% y/y in 2006
- Both cement production and sales rise in 2006
- Housing loans extended by banks reach TRY 23.3bn as of Mar 30
- Turkish contractors undertake USD 12.7bn projects abroad last year
- Parliament adopts mortgage law
- Two major real estate sales take place in March
- MFI to invest more than USD 1.5bn in retail facilities
- St Martins completes acquisition of Cevahir shopping centre






Table of contents:
 Overview
Company and Sector News









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