As Entegre Project Management, we have published the 2025 Q1 Turkey Construction Sector Report, which we prepared by compiling sector-specific insights.
The construction sector continued to demonstrate solid momentum in the first quarter of 2025. While the global economy showed limited but steady growth during this period, rising geopolitical risks and tightening financial conditions began to weigh on investment outlooks. In its March 2025 update, the OECD revised global growth forecasts downward, projecting 2.2% growth for the United States and 4.7% for China. These developments are driving up financing costs in emerging markets and causing delays in investment decisions.
In Turkey, the construction sector, having grown by 9.3% in 2024, entered 2025 with strong momentum supported by robust housing demand and easing cost pressures. Urban transformation projects and public infrastructure investments bolstered activity, while high interest rates and tight credit conditions continued to pose structural challenges.
When analyzing the activities contributing to Gross Domestic Product (GDP) in the first quarter of 2025, based on the chained volume index compared to the same quarter of the previous year:
- Services sector increased by 1.3%
- Financial and insurance activities increased by 0.5%
- Real estate activities increased by 2.4%
- Agricultural activities decreased by 2.0%
- Construction activities increased by 7.3%
- Industrial activities decreased by 1.8%
You can access the full report via the provided link. We welcome your valuable contributions and feedback for the report's improvement.
Best regards,
Entegre Project Management