According to the data released by the Turkish Statistical Institute (TUIK), the number of buildings authorized by building permits from municipalities in Turkey in the first half of the current year amounted to 55,231, down 28.1 percent from 76,795 registered during the same half of the previous year. In the first half of 2016, the number of buildings authorized by municipality building permits totaled 69,366.
In the January-June period this year, the value of the buildings in question fell by 28.2 percent year on year to TRY 96.07 billion, while the total number of apartments authorized by building permits recorded a decline of 46.1 percent to 349,985, both year on year.
Meanwhile, in the first six months the number of buildings given occupancy permits by municipalities in Turkey increased by 1.7 percent to 56,079 buildings, compared to the first six months of 2017.