The Institutional Structure of Real Estate in Türkiye

Harun Tanrıvermiş () and Tobias Just ()
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Harun Tanrıvermiş: Ankara University, Department of Real Estate Development and Management, Faculty of Applied Sciences
Tobias Just: Regensburg University, International Real Estate Business School (IREBS)

A chapter in Understanding Türkiye’s Real Estate Markets, 2026, pp 15-40 from Springer

Abstract: Abstract This chapter investigates the institutional structure of the real estate market in Türkiye. Initially, it elucidates the institutional framework, concentrating on the activities and relationships among its participants. Furthermore, we delve into the Turkish real estate market by analysing Turkish Real Estate Investment Trusts (T-REITs) as a case study. We employed Atlas.ti for qualitative analysis. We examine the T-REITs’ portfolios by looking at the components of the indices in which they invest, their staffing, the ages of board executives, and their portfolio beta in relation to market risk. The findings show that Turkish REITs invest in both real- and non-real-estate-related assets. The executive directors within the 50–59 age group represent the largest segment among executive directors in the Turkish real estate market. The real estate market is characterised by sensitivity and dynamism, necessitating experienced board directors for effective management. Most real estate firms in Türkiye employ fewer than 50 persons, while a minority of companies have more than 250 employees. This finding suggests that the Turkish real estate market remains at an early, unconcentrated stage. The real estate industry plays a pivotal role in stimulating economic growth and creating new jobs. So far, relatively few employees are engaged in Türkiye’s institutional real estate sector.

Keywords: Turkish REITs; Real estate assets; Financial institution; Technology; EPCIC; Facility management; Brokers; Government parastatals (search for similar items in EconPapers)
Date: 2026
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DOI: 10.1007/978-3-032-13297-0_2

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